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Al-Azhar Rejects Sukuk Bills
Egypt >> 1/21/2013 - The Al-Azhar Senior Ulema Board has backed the decision of the Islamic Research Council rejecting the Sukuk bills. The scholars in their statement said that the bill does not go with Sharia, citing li...
Hisham Qandil, Investors’ Federation Discuss Increasing Investments
Egypt >> 1/21/2013 - Prime Minister Dr. Hisham Qandil met on 20/1/2013 with a delegation of the Egyptian Federation of investors, headed by Mohamed Farid Khamis. The federation has a membership of 42 investors association...
Saud bin Saqr Receives Belgium Ambassador
United Arab Emirates >> 1/21/2013 - H. H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras al-Khaimah received at Al Dhait Palace, Christiaan Tanghe, Ambassador of the Kingdom of Belgium, who paid a courtesy call ...
Saudi-French Trade Exchange Amounts to SAR 43 Billion
United Arab Emirates >> 1/21/2013 - The trade volume between France and Saudi Arabia amounted to SAR 43 billion in 2011, with value of Riyadh exports to Paris reaching to SAR 25 billion, and imports were SAR 18 billion. The Saudi Press ...
Ban Ki-moon Discusses Alliance with Al-Nasser
Qatar >> 1/21/2013 - UN Secretary-General Ban Ki-moon met with the High Representative for the United Nations Alliance of Civilizations (UNAOC) Nassir Abdelaziz Al-Nasser. During the meeting, they discussed the Alliance'...
Egypt Court Confirms Annulment of Textile Co. Privatisation
Egypt >> 1/21/2013 - Egypt's administrative court rejects the government's appeal against the suspension of the privatisation contract for Shebin El-Kom Textile Company. In effect, the court ruling permanently annuls the ...
Saudi Arabia Ready to Fund Proposed Egypt-Saudi Bridge
Egypt >> 1/21/2013 - Egyptian President Mohamed Morsi flew into Riyadh's International King Abdul Aziz Airport to attend the third round of the Arab Economic Forum for Development. Approximately 20 Arab countries are part...
Analysts Look to IMF Loan Deal as Egypt Pound Slumps
Egypt >> 1/21/2013 - The Egyptian pound continued its downward trend after hitting another record low in the wake of a Sunday currency auction held by the Central Bank of Egypt (CBE). The auction's cut-off price was LE6.5...
Egypt Endorses FTA Agreement with Mercosur
Egypt >> 1/22/2013 - Egypt has endorsed the Free Trade Area agreement signed with the Mercosur (Southern American Common Market) on August 2, 2010, said Deputy Spokesman for the Foreign Ministry Nazieh el-Nagari. In state...
Toshka land to be allocated to Nubians
Egypt >> 1/22/2013 - Prime Minister Hisham Qandil gave directives on 21/1/2013 to meet swiftly demands of Nubians in Aswan. Qandil called for transferring the ownership of the agricultural lands in Kom Ombo to the Nubians...
Ajman Ruler Approves 2013 Budget
United Arab Emirates >> 1/22/2013 - H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council member and Ruler of Ajman, has issued emiri decree No. (1) of 2013, approving Ajman's general budget for the fiscal year 2013. The decree direc...
Vodafone Egypt Might Withdraw Price Increase
Egypt >> 1/22/2013 - Vodafone Egypt raised the prices of its prepaid mobile credit cards by 15 per cent, causing anger among some customers. Some retailers took advantage of the situation, raising prices of all prepaid mo...
Tourist Numbers to Egypt Rise 17 pct in 2012
Egypt >> 1/22/2013 - Egypt recorded a 17 per cent rise in tourists in 2012 and a 13 per cent increase in income generated, the tourism minister said, indicating a steady recovery in the vital industry. Hisham Zaazou did n...
Egypt Bourse Sees Gains Ahead of Uprising Anniversary
Egypt >> 1/22/2013 - Egypt's stock exchange gave an uneven performance in the lead-up to Friday's planned anti-government demonstrations. The main EGX30 index gained 0.7 per cent to close at 5,680 points. The index has ri...
Abdullah bin Zayed Receives Mayor of Tirana
United Arab Emirates >> 1/22/2013 - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister, received the Mayor of Municipality of Tirana Lulzim Basha, who is currently visiting the country. The meeting reviewed topics of common conc...
Bilateral Cooperation between Egypt and UAE
Egypt >> 1/23/2013 - Minister of Industry and Foreign Trade Hatem Saleh has discussed with representatives of a major UAE industrial group operating in manufacturing and producing sugar the possibility of establishing a m...
Hisham Qandil Witnesses Launch of Fund to Support SMEs
Egypt >> 1/23/2013 - Prime Minister Hisham Qandil witnessed on 22/1/2013 the launch of "Bedaya Fund" for direct investments in small- and medium-sized enterprises (SMEs). The document was inked between the fund's operatin...
UAE, Oman Discuss Cooperation
United Arab Emirates >> 1/27/2013 - Abdullah bin Mohammed bin Bati Al Hamed Undersecretary of Foreign Affairs Ministry received at his office at the ministry's headquarter the Omani Ambassador to the UAE, Sheikh Mohammed bin Abdullah bi...
UAE-Turkish Relations Discussed
United Arab Emirates >> 1/28/2013 - Ways to enhance economic, trade and investment relations between the UAE and Turkey were discussed by Director of the Economic Affairs Department at the Ministry of Foreign Affairs (MoFA), ambassador ...
Egypt Bourse Loses EGP 2. 7 billion
Egypt >> 1/28/2013 - The Egyptian Exchange lost almost EGP2.7 billion on Sunday's trading due to intensive sales by Egyptian investors.

The main benchmark EGX 30 index went down by 0.02 percent reaching 5,688 p...

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