Egypt Zones accountACCOUNT

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Due Diligence on Egypt’s United Bank to Kickstart End of September: CBE
Egypt >> 8/21/2023 - The due diligence for the acquisition of the United Bank is scheduled to start by the end of September 2023, according to a statement by the Central Bank of Egypt (CBE) on Monday.

The CBE, ...
Egypt to Represent Africa in AIIB's 8th Annual Meeting in Sharm El-Sheikh
Egypt >> 8/21/2023 - Egypt is set to represent Africa at the eighth annual meetings of the Asian Infrastructure Investment Bank (AIIB), which will convene in Africa for the first time on 25-26 September in Sharm El-Sheikh...
Egypt Enables Companies to Issue Multiple Sukuk With Single Regulatory Approval
Egypt >> 8/21/2023 - Companies in Egypt can now issue multiple sukuk with single approval from the Financial Regulatory Authority (FRA), according to the recent amendments to the Capital Market Law (CML) by the Egyptian C...
UAE Suspends 50 Businesses for Failing to Register in Anti-Money Laundering System
United Arab Emirates >> 8/21/2023 -  For failing to register in the anti-money laundering system (goAML) of the Financial Intelligence Unit (FIU), the UAE’s Ministry of Economy has suspended 50 establishments for three months during the...
CBUAE's Foreign Assets Up to AED592.11 Bn in June
United Arab Emirates >> 8/21/2023 - The UAE's current account balances and deposits with banks abroad amounted to AED363.23 billion by the end of June, 2023, from AED361.78 in the previous month, according to the latest figures revealed...
Central Bank’s Budget Totalled AED650 Billion for H1 2023
United Arab Emirates >> 8/21/2023 - The Central Bank of the UAE's public budget reached an all-time high of AED650 billion by the end of June 2023, as revealed by its latest fiscal report.

The report for June 2023 showed that...
Dubai Records Over AED2.81 Billion in Realty Transactions Monday
United Arab Emirates >> 8/21/2023 - Dubai real estate market recorded 623 sales transactions worth AED2.43 billion, in addition to 112 mortgage deals of AED249.9 million, and 19 gift deals amounting to AED131.93 million, data released b...
Vacation Booking Platform 'Holiday Swap' Joins Ministry of Economy’s Nextgen FDI Programme
United Arab Emirates >> 8/21/2023 - The Ministry of Economy has announced that Holiday Swap, a vacation exchange and booking platform with more than one million monthly users worldwide, is the latest company to join its NextGenFDI progr...
Total of Aed 190 Billion in Green Financing Dedicated By 6 Major Uae Banks: Ubf
United Arab Emirates >> 8/21/2023 - UAE Banks Federation (UBF) revealed the remarkable success of the UAE banking and financial sector in developing sustainable banking solutions in line with the UAE's strategy to reduce emissions and a...
DP World Partners With Caspian Week 2023 to Develop Logistics And Trade in Greater Caspian Region
United Arab Emirates >> 8/21/2023 - DP World, a leading provider of worldwide smart end-to-end supply chain logistics, has partnered with the Greater Caspian Association and Integral Group of Companies, and their annual Caspian Week For...
Du to Host ‘Envision’ Event Next September
United Arab Emirates >> 8/21/2023 - du, from Emirates Integrated Telecommunications Company (EITC), is set to host “Envision”, an exclusive event showcasing the latest ICT solutions that are revolutionising the future of work.

...
Egypt Authorizes IFC to Issue Local Currency Bonds in Global Markets
Egypt >> 8/21/2023 - The Egyptian Cabinet has approved permitting the International Financial Corporation (IFC), the financial arm of the World Bank, to issue Egyptian pound bonds in international markets.

The ...
Global Food Security at Crossroads As Rice Shortages , Surging Prices Hit Most Vulnerable
Egypt >> 8/21/2023 - Francis Ndege isn’t sure if his customers in Africa’s largest slum can afford to keep buying rice from him.

Prices for rice grown in Kenya soared a while ago because of higher fertilizer pr...
14,000 Tonnes of Goods Handled at Red Sea Ports
Egypt >> 8/22/2023 - About 14,000 tonnes of goods were handled at different harbours of the Red Sea, the Red Sea Ports Authority (RSPA) said in a statement .

The imports included 6,500 tonnes of goods, 396 truc...
State Keen to Enhance Civil Aviation Sector: PM
Egypt >> 8/22/2023 - The State attaches great importance to enhancing the civil aviation sector, in a way that enhances its competitiveness opportunities at the regional and international levels, and maximizes the potenti...
Bid for Closer Manufacturing Co-Operation With Tatarstan
Egypt >> 8/22/2023 - Minister of State for Military Production Mohamed Salah Eddin met with Oleg Korobchenko, Deputy Prime Minister and Minister of Industry and Trade of the Republic of Tatarstan.

Korobchenko i...
‘2023 Remarkable Year for Co-Operation With India’
Egypt >> 8/22/2023 - The year 2023 is a remarkable year for co-operation between Egypt and India.

This statement by Minister of International Co-operation Rania el-Mashaat said came during her meeting with Indi...
SCA Development, Green Transformation Strategy Outlined
Egypt >> 8/22/2023 - Suez Canal Authority (SCA) works hard to maintain full co-ordination with the Suez Canal Economic Zone (SCZone). This comes in line with President Abdel Fatah El Sisi’s vision for optimal use of the S...
Service, Development Projects in New Valley Under Review
Egypt >> 8/22/2023 - Minister of Housing, Utilities and Urban Communities Assem el-Gazzar held a meeting with New Valley Governor Mohamed el-Zamlot to follow up progress to date in projects underway in the governorate.
UAE’s Commitment to Leading Global Drive to Tackle Climate Challenges
United Arab Emirates >> 8/22/2023 -  Hamad Ali Al Kaabi, UAE Permanent Representative to the International Atomic Energy Agency (IAEA), said that hosting COP28 reaffirms the UAE’s commitment to leading the global drive to tackle the cli...

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