Economy & Trade
February 5, 2013
Egypt's finance minister has said that the government would complete its revision of its economic reform plan next week, after which it planned to invite a delegation from the IMF, according to a statement yesterday.
The World Bank stressed yesterday its commitment to ensuring all funding granted to Yemen at a Riyadh meeting will end up in government coffers.
Tunisia is nearing agreement with the International Monetary Fund for a $1.78 billion standby loan to protect the economy from external shocks, the IMF said on Monday.
February 4, 2013
Czech Republic offers ample investment opportunities for Dubai businesses, H.E. Hamad Buamim, Director General, Dubai Chamber of Commerce and Industry said.
The Egyptian economy grew by 2.6 per cent in the first quarter of the fiscal year 2012/13, up from 0.3 per cent in the previous year.
Dubai World Central has signed a Memorandum of Understanding with Aircraft Support Industries.
HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, met today with HE Dr. Kwon Tah Kyun, Ambassador of the Republic of South Korea to the UAE at the headquarters of the Ministry of Finance.
Egypt's budget deficit reached LE91.5 billion in the first six months of the current 2012/13 fiscal year that began last July, the Egyptian Ministry of Finance reported on Sunday.
February 3, 2013
Technolight, a leading Saudi company for modern lighting techniques and equipment, has opened its new showroom in Riyadh
The Suez Canal Authority (SCA) has succeeded in dragging and anchoring a Danish container ship, the Emma Maersk, after it had experienced a leak due to problems with its propeller on Friday night.
The Dubai Culture & Arts Authority is underlining the importance of cultural awareness through an array of employee engagement and educational programmes.
January 31, 2013
Ending US aid to Egypt could contribute to "chaos" in the country, future secretary of state, John Kerry, has warned.
The International Monetary Fund called on Lebanon to implement deeper reforms as Finance Minister Mohammad Safadi met U.S. officials in Washington Wednesday.
Egypt's finance minister has said negotiations over a $4.8 billion IMF loan are currently on a government review and 'social dialogue'.
January 30, 2013
Egypt's sovereign rating has been downgrade by Fitch.