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Financials and Investment News

Govt Denies Reducing Pubic Servants' Salaries Over Economic Crisis
Egypt >> 1/8/2023 - The media center of the cabinet denied on Sunday reports that the government plans to decrease financial allocations directed to public servants' salaries due to the current global economic crisis.
India’s Gem, Jewellery Exports Up By 8.26% After CEPA With UAE
United Arab Emirates >> 1/8/2023 - The UAE-India Comprehensive Economic Partnership Agreement (CEPA) helped achieve an increase in India's gem and jewellery exports in this financial year by 8.26 percent, according to Vipul Shah, Chair...
UAE a Trading Capital of The World: Thani al Zeyoudi
United Arab Emirates >> 1/8/2023 - Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade said that the UAE continues to leverage its global presence by opening up to the world and expanding its network of trading partners...
Hamriyah Free Zone Authority to Take Part in Steelfab 2023
United Arab Emirates >> 1/8/2023 - The Hamriyah Free Zone Authority (HFZA) in Sharjah has announced it is going to participate in the 18th edition of SteelFab 2023 exhibition organised by Expo Centre Sharjah from 9-12 January.

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Sharm El Sheikh Airport Receives 1st Flight from India
Egypt >> 1/9/2023 - Sharm El Sheikh International Airport received the first flight from Ahmedabad International Airport, said a source from the Egyptian airport.

Operated by a private airliner, the flight arr...
WB: Egypt's Economic Reforms Helpful in Overcoming Int'l Crisis
Egypt >> 1/9/2023 - The World Bank stressed that the economic reforms carried out by Egypt will help overcome the effects of the current international crisis.

The World Bank said "Macroeconomic and structural ...
EGYPS 2023 Set to Drive The Energy Transition Conversation
Egypt >> 1/9/2023 - With the global energy transition underway, the sixth edition of the Egypt Petroleum Show (EGYPS) returns to Cairo from February 13-15 2023 at the Egypt International Exhibition Center to propel the d...
Egypt Defers New Projects That Need USD As Part of Regulations to Rationalise Public Spending
Egypt >> 1/9/2023 - Egypt’s Prime Minister Mostafa Madbouly has issued a number of regulations for state bodies to rationalise public expenditure amid the ongoing global economic crisis, including postponing new projects...
Aldar Advances Its Position With Improved Ratings Across Three Global Benchmarks
United Arab Emirates >> 1/9/2023 - Aldar Properties (Aldar) has witnessed a robust year-on-year improvement in its ratings across three major global environmental, social, and governance (ESG) benchmarks, as gains continued to be made ...
DFM, DWTC to Launch MENA IPO Summit
United Arab Emirates >> 1/9/2023 - The Dubai Financial Market (DFM) and the Dubai World Trade Centre (DWTC) today announced their partnership to host the MENA IPO Summit – Dubai, an essential new platform set to unite the entire IPO va...
Saned in 2022 Contributes to Sustainability of Sharjah Projects
United Arab Emirates >> 1/9/2023 - Sultan Musabah Al Ketbi, CEO of the Saned Integrated Facilities Management Company, said that the level of wastewater treatment for the real estate sector at Sharjah Asset Management Holding Company's...
SIF Provides Strategies for Investors, Businesses And Government to Prosper From The Growing Economy
United Arab Emirates >> 1/9/2023 - The Sharjah Foreign Direct Investment (FDI) Office (Invest in Sharjah) has revealed the agenda for the 6th edition of the Sharjah Investment Forum (SIF 2023), to be held at Al Jawaher Reception and Co...
Ministry of Finance Holds First Session of Corporate Tax Public Awareness Programme in Abu Dhabi
United Arab Emirates >> 1/9/2023 - The Ministry of Finance has held the first session of the Corporate Tax Public Awareness Programme in Abu Dhabi with leading officials in attendance, along with representatives of the Ministry of Fina...
MENA’s Growth to Decelerate to 3.5% in 2023 Amid The Global Economic Crisis: World Bank
Egypt >> 1/10/2023 - Amid global economic crises, the World Bank expected the growth of the Middle East and North Africa (MENA) region to slow down to 3.5 percent this year and to 2.7 percent in 2024, down from 5.7 percen...
Deadline for Customs-Free Car Import Initiative Not to Be Extended: Finance Minister
Egypt >> 1/10/2023 - Minister of Finance Mohamed Maait said that the government has no intention to extend the deadline for the initiative launched for Egyptians living abroad to import cars into the country, free of cust...
Egypt to Receive The Second Tranche of IMF’s $3 Bln Loan By End of March, Says Mission Head
Egypt >> 1/10/2023 - Egypt is set to receive the second tranche of the $3 billion loan it secured from the International Monetary Fund (IMF), estimated at around $347 million, by the end of March, following the completion...
World Bank Warning: Global Economy Is At Risk of Recession
Egypt >> 1/10/2023 - The global economy will slow "perilously close" to a recession this year, led by weaker growth in all the world's top economies _ the United States, Europe and China, the World Bank warned .

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Dubai Records Over AED1.2 Bn in Realty Transactions Tuesday
United Arab Emirates >> 1/10/2023 - Dubai real estate market recorded 505 sales transactions worth AED1.06 billion, in addition to 55 mortgage deals of AED82.22 million, and 25 gift deals amounting to AED86.73 million, data released by ...
Borouge Secures Two New Contracts Worth AED55 Million from Leading UAE Manufacturers
United Arab Emirates >> 1/10/2023 - Borouge, a leading petrochemical company that provides innovative and differentiated polyolefin solutions, has secured two new contracts worth a combined value of AED 55 million (US$15 million) to sup...
Hamdan Bin Mohammed And Maktoum Bin Mohammed Review Roadmap for Implementing Dubai Economic Agenda
United Arab Emirates >> 1/10/2023 - H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, in the presence of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy ...

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