Economy & Trade

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Out of 20 Arab countries with available data for 2012, a total of 15 countries witnessed increases in FDI inflows
June 18, 2013 - 13:49 GMT
Despite the events of the Arab Spring, FDI inflows into Arab countries rose during 2012 by 9.8 per cent to reach $47.1 billion compared to $42.9 in 2011.

November 15, 2012

Egypt is sitting pretty and ready for Kuwaiti investment, claims ambassador
08:44 GMT

The Egyptian Ambassador to Kuwait, Abdulkarim Suleiman, has talked up his homeland, in an effort to increase trade between to the to nations.

November 14, 2012

Egypt and the EU have agreed a billion dollar 'support package'
13:28 GMT

The European Union has approved a five billion euro ($6.3 billion) 'support package' to Egypt over a two year period to be disbursed through the EU's finance institutions, the Egyptian presidency announced on Wednesday.

Jordan's Prime Minister has announced a raft of austerity-inducing measures
12:26 GMT

Jordan's Prime Minister, Abdullah Ensour, has announced a raft of controversial policies that will usher in an age of austerity for the Kingdom as it grapples with a deficit but also seeks to please the IMF in a move that has caused widespread protests.

The Islamic Development Bank is to fund new projects in Iran
12:15 GMT

The Islamic Development Bank has allocated €1.27 billion in loans to Iran for implementing a number of wastewater projects, Iranian National Water and Wastewater Company Deputy Director Hossein Bonakdari said on Tuesday

Will the Central Bank of Egypt be able to boost economic growth?
10:54 GMT

Egypt's government will focus on boosting flagging economic growth to 3.5 percent this financial year and 4.5 percent in 2013/14 said Prime Minister Hisham Kandil

During the forum
10:39 GMT

Dubai Chamber of Commerce and Industry inaugurated its first overseas office in the Azerbaijani capital of Baku.

November 13, 2012

Launch of 2 books
12:18 GMT
(press release)

The Community Development Authority has launched two inspiring books by El Kayt members, Zainab Abdulhameed Al Teneiji and Mohammed Rashed Al Ghafli, in cooperation with Kuttab Publishing House.

France is to release $2 billion in frozen Libyan assets
12:17 GMT

As it looks to secure investment from Libya, France says it is ready to start releasing almost $2 billion in frozen assets belonging to Libya's sovereign wealth fund.

A team from the IMF has just finished a series of meetings in Algeria
11:56 GMT

The International Monetary Fund has just finished a visit to Algeria to asses the economy and hold discussions on the short and medium term policies that are being put in place in the context of a weakened global economic recovery.

Dubai Chamber
09:50 GMT

The Dubai Chamber Trade Mission to Azerbaijan left for Baku Tuesday with over 20 leading business delegates looking to explore investment opportunities in this fast emerging market of the world.

The Iranian economy has seen only a minor contraction due to Western oil sanctions, according the the IMF
09:12 GMT

The International Monetary Fund has said that Iran's economy has suffered only a minor contraction because of the ban on oil exports from Western nations.

Arab and Hungarian business leaders are considering $2 billion worth of investment in the MENA region
09:02 GMT

Arab and Hungarian officials and businessmen are mulling around $2 billion worth of investments during a forum in Budapest that kicked off Monday.

November 12, 2012

Trouble ahead for the Egyptian economy
11:25 GMT

Former Egyptian Finance Minister Samir Radwan warned of a severe financial crisis to hit the country if serious steps are not taken to salvage the collapsing economy, as foreign investment drops sharply.

Bourse and fireworks : Everything is going up in Kuwait
10:09 GMT

Kuwait celebrated the 50th anniversary of the country's constitution with a large fireworks display, but also rising high in to the sky was the bourse - the stock exchange - as Kuwait gears up for elections in early december.

After the revolution, Egypt has attempted to recover money from corrupt officials
03:00 GMT

Egypt has recovered around $1.8 billion in funds and lands corruptly appropriated by Mubarak-era figures, the state-run daily newspaper Al-Ahram has reported