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El-Ganzouri Approves Pumping EGP 600m to Support Exports
Egypt >> 4/9/2012 - Prime Minister Kamal El-Ganzouri decided during a ministerial meeting on 7/4/2012 to pump EGP 600 million to enhance the Export Support Fund till the end of the current fiscal year. The move is meant ...
Inauguration of 1st Line to Assemble Japanese Car in Egypt
Egypt >> 4/10/2012 - Minister of Industry and Foreign Trade Mahmoud Eissa witnessed on 9/4/2012 the inauguration of the first line to assemble Japanese car "Toyota Fortuner" in the Arab Organization for Industrialization ...
Egypt Urban Inflation Eases to 9 pct as Low Season
United Arab Emirates >> 4/10/2012 - Egypt’s urban annual inflation eased to 9 per cent in March 2011, as increases in food and beverage prices slowed, the Central Agency for Statistics and Mobilisation (CAPMAS) said on Tuesday. The figu...
USD 240 Million for Power Station in North Giza
Egypt >> 4/11/2012 - The Minister of Planning Fayza Abul Naga signed loan agreement provided by the World Bank amounting to USD 240 million to contribute in financing phase III of the power station in North Giza. The agre...
Egypt Consumer Confidence Falls 2 pct in March
Egypt >> 4/11/2012 - Egypt's consumer confidence index declined in March on the previous month, the latest data from Cabinet's Information and Decision Support Center (IDSC) showed on Wednesday. The index slipped 2.1 per ...
Cross-Border Trade key to Gulf Union, UAE paper
United Arab Emirates >> 4/11/2012 - The lesson of the European Union is that countries must unite in a full and effective economic and political union. Any half-hearted commitment to collective action will become a drag on their ability...
Egypt's Stock Exchange (ESE) Loses LE 3 bn
Egypt >> 4/11/2012 - Egypt's Stock Exchange (ESE) continued its downward for 6 days respectively as a result of the formation losses amid intensive share sells from Arab and foreign investors. The main benchmark EGX 30 in...
Egyptian Ethiopian Capital of 50 Million Pounds
Egypt >> 4/11/2012 - Two days ago a group of city Badr investors and representatives Ethiopian Government signed contract to establish a company with an investment capital of 50 million pounds for the management of indust...
IMF to Finalize Egypt's Economic Reforms
Egypt >> 4/11/2012 - The International Monetary Fund (IMF) urged the Egyptian government to "mobilize required political support" for reforms and for the 2012-2013 budget in a statement made, as it concluded its visit to ...
Abu Dhabi Inflation at 0.9 Percent in Q1 2012
United Arab Emirates >> 4/11/2012 - Statistics Center - Abu Dhabi (SCAD) issued its periodic report on the consumer price index (CPI) and the inflation rate in the Emirate of Abu Dhabi for the month of March and the first quarter of 201...
Egypt, WB Sign $240 mn Loan Deal for Giza Power Project
Egypt >> 4/12/2012 - Egypt and the World Bank (WB) on 11/4/2012 signed a $240 million-deal agreement as part of a broader program to build North Giza Power Project. Approved initially in June 2010, the project is expected...
18.5% Increase in Egypt Exports in 2011
Egypt >> 4/12/2012 - Industry and Foreign Trade Minister Mahmoud Eissa said that the Egyptian exports scored an increase of 18.5 per cent in the year 2011 totaling LE 131 billion compared to LE 115 billion in 2010. The mi...
$ 3.7bn Petrochemicals Complex in Suez Gulf
Egypt >> 4/13/2012 - A new petrochemicals project was launched to set up a petrochemicals complex at $ 3.7 billion cost in the industrial zone of the north west of Suez. The complex will be set up over a two million squar...
Settling Situation of Depts and Intricacies
Egypt >> 4/14/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, confirmed the necessity of holding periodical meetings between the ministries and various authorities to settle debts and intricacies among the economic authorit...
$14.2 Million Chinese Non-refundable Grant to Egypt
Egypt >> 4/16/2012 - Minister of Planning and International Cooperation Fayza Abul-Naga has signed with China's Ambassador in Cairo Song Aavoh an economic and technical cooperation agreement that gives Egypt $14.2 million...
Al-Ganzoury Held Wide Meeting on Sinai Development
Egypt >> 4/17/2012 - Prime Minister, Dr. Kamal Al-Ganzoury, held wide meeting to discuss Sinai development file in attendance of Ministers of Planning, Housing, Interior, Justice, Irrigation, Agriculture, Transport, and E...
Dubai Exports and Re-exports Register 7.8% Growth
United Arab Emirates >> 4/17/2012 - The Q1 data released by Dubai Chamber of Commerce and Industry recently clearly shows that Dubai’s economy is firmly back in the saddle and ready to make giant strides. The first quarterly report high...
Aldar and NBAD Sign AED 4 Billion Revolving Credit Facility
United Arab Emirates >> 4/17/2012 - Aldar, Abu Dhabi's leading property development, investment and management company, announced that it has signed an AED 4 billion revolving credit facility with National Bank of Abu Dhabi (NBAD). The ...
Dubai Foreign Trade Reached Record 1.1 Trillion Dirhams
United Arab Emirates >> 4/18/2012 - Dubai's foreign trade climbed to a record 1.1 trillion dirhams ($299 billion) in 2011, up 22 percent from the previous year, according to the customs authority. Imports increased 21 percent to 442 bi...
Egypt's External Debt Falling, Economy Still Safe
Egypt >> 4/18/2012 - Egypt’s Finance Minister Momtaz El-Saeed announced that the country's external debt shrank by 1.5 per cent to represent 13.3 per cent of GDP in December 2011, down to $33.7 billion against $35 billion...

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