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Financials and Investment News

Egypt to Take Strict Measures to Face Economic Crisis
Egypt >> 1/1/2013 - Minister of Planning and International Cooperation Ashraf el-Arabi said on 31/12/2012 that the government has to take strict measures in the face the economic crisis. This came during press statements...
Salman bin Abdulaziz Receives Pakistani Foreign Minister
Saudi Arabia >> 1/1/2013 - Crown Prince Salman bin Abdulaziz Al Saud, Deputy Premier and Minister of Defence received Pakistani Minister of Foreign Affairs Hina Rabbani Khar. During the audience, the Pakistani Foreign Minister ...
Saud Al-Faisal Receives Hana Rabbani Khar
Saudi Arabia >> 1/1/2013 - Prince Saud Al-Faisal, Minister of Foreign Affairs, received in Riyadh visiting Pakistani Minister of Foreign Affairs Hana Rabbani Khar where they discussed bilateral relations between the two countri...
Zaazou Probes Means to Boost Cooperation with Saudi Arabia
Egypt >> 1/2/2013 - Minister of Tourism Hisham Zaazou met on 1/1/2013 with Saudi Ambassador Ahmed al-Qattan to review how to foster Egypt's cooperation with Saudi Arabia. During the meeting, Zaazou and Qattan discussed w...
Al-Azhar Rejects Draft Law on Islamic Bonds
Egypt >> 1/2/2013 - Members of the Islamic Research Academy, one of Al-Azhar's affliated institutes, say they reject a bill on Islamic bonds (sukuk) recently approved by Egypt’s Cabinet. The institute declared that it re...
Du Signs Three year Financing Deal with Standard Chartered
United Arab Emirates >> 1/2/2013 - Du (Emirates Integrated Telecommunications Company) announced the signing of a $100 million financing deal with Standard Chartered, a leading international banking group. "As part of the company's com...
UAE Remains Top Mideast Market for Japan
United Arab Emirates >> 1/2/2013 - The UAE maintained its position as the largest Middle East market for Japanese products in the first 10 months of 2012 while it was the second regional exporter to the Southeast Asian giant, according...
G8’s UK Pledges to Support Egypt in 2013
Egypt >> 1/3/2013 - The UK, which assumed the presidency of the G8 at the beginning of new year, has admitted that Egypt has not been given the support it needed after its revolution. “We understand Egypt’s disappointmen...
Morsi's Brotherhood may Pay Price for Egypt Currency Fall
Egypt >> 1/3/2013 - Life in Egypt is about to get harder for ordinary people who will bear the brunt of inflation caused by a decline in the value of their currency. As elections approach, President Mohamed Morsi's Musli...
Bilateral Relations between UAE and Egypt
United Arab Emirates >> 1/3/2013 - President His Highness Sheikh Khalifa bin Zayed Al Nahyan has received a letter from President Dr Mohammed Morsi of Egypt, dealing with bilateral relations between the two brotherly countries and ways...
Egypt’s Bourse Gains 15.25bn Pounds in First Week in 2013
Egypt >> 1/5/2013 - The Egyptian Exchange (EGX) made gains of 15.25 billion pounds in the first week of 2013, posting a four-percent rise comparing to the week earlier. The EGX 30 benchmark index was up by 5.85 percent t...
Egyptian Finance Ministry Offers EGP 47.5 million to HCWW
Egypt >> 1/5/2013 - Finance Minister Momtaz el-Saeed has agreed to allocate 25 million pounds for the Holding Company for Water and Wastewater (HCWW) to complete sewage projects in Suez Canal cities.

In statem...
Negotiations Ongoing with US to Drop Egypt's Debt
Egypt >> 1/7/2013 - Egypt is continuing to negotiate with the United States over a debt swap programme, Minister of Planning and International Cooperation Ashraf El-Arabi has said. Egypt aims to convince the US to swap f...
IMF Delegation Arrives in Cairo
Egypt >> 1/7/2013 - A delegation from the International Monetary Fund (IMF) arrived in Cairo to resume talks with Egyptian officials on a loan worth $4.8bn. The delegation is led by Masood Ahmed, the Director of the Midd...
IMF had 'Productive' Discussion with Egypt
Egypt >> 1/8/2013 - The International Monetary Fund (IMF) held "productive" discussions with Egypt about its economic strategy, a senior Fund official said after a visit to the country. Egypt is desperately seeking a $4....
Borouge Sales Crossed US$ 3 Billion in 2011
United Arab Emirates >> 1/8/2013 - Borouge, a leading provider of innovative, value creating plastics solutions, announced that it will expand its production capacity under the "Borouge 3" project to reach 4.5 million tonnes by the end...
Saud bin Saqr Receives Lebanon's Consul General
United Arab Emirates >> 1/8/2013 - H. H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council member and Ruler of Ras al-Khaimah received today at Al Dhait Palace, the Lebanese Consul General in Dubai, Sami Al Numeir who called on him on th...
TDIC Awards AED 2.4 bln Contract for Louvre Abu Dhabi
United Arab Emirates >> 1/8/2013 - Tourism Development and Investment Company (TDIC), today awarded AED 2.4 billion contract for the construction of the Louvre Abu Dhabi, to Arabtec-led joint venture with Constructora San Jose SA and O...
Saeed Mohammed Meets Qatari Minister
United Arab Emirates >> 1/8/2013 - The Vice Chairman of the Dubai Supreme Council of Energy (DSCE), Managing Director and Chief Executive Officer of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer, has met Qatar's ...
Al-Morsi Al-Sayed: Developing State Financial Systems
Egypt >> 1/8/2013 - At his first meeting with the finance officials, Finance Minister Al-Morsi Al-Sayed Hegazi said on 7/1/2013 that he is keen to develop all State financial systems. At the same meeting, the finance min...

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