Economy & Trade

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The economist behind a plan to unlock at least $380 billion worth of assets from Egypt's black market says President Abdel Fattah Al Sisi.
He predicts such reforms could more than double economic growth rates within five years by giving people access to credit and the protections of legal status

April 24, 2013

Egyptian's long-running IMF saga continues to rumble on
13:19 GMT

Egypt and the International Monetary Fund have agreed on the main aspects of a US$4.8 billion loan and the deal will be ready for implementation by the end of May, predicted regional IMF representative Abdel Shakour Shaalan.

The European Union  are to contribute  to the Palestinian Authority's 'Private Sector Reconstruction in Gaza' (PSRG)
12:21 GMT

The European Union Tuesday contributed €1.6 million ($2.0 million) to the tenth payment under the Palestinian Authority's 'Private Sector Reconstruction in Gaza' (PSRG) program, said an EU press release.

Egypt is set to submit its draft budget proposals to the Shura Council
08:36 GMT

Egyptian Finance Minister El-Morsi El-Sayed Hegazy officially submitted the government's 2013/14 budget to the Shura Council (Parliament's upper house) on Tuesday.

April 23, 2013

The EU is negotiating with Morocco over a new trade agreement
12:46 GMT

Trade representatives from the European Union and Morocco have begun talks to upgrade a trade agreement, the European Commission said Monday.

Bahrain's economy 'to grow 4.5 per cent this year'
10:17 GMT

Bahrain's economy is set to grow by 4.5 per cent this year and over 5pc next year, according to a leading private bank's top economist.

DED & DM during the signing
09:47 GMT

The DED in Dubai and the Dubai Municipality have signed a memorandum of understanding to launch the ‘Bareeq Excellence Award’ for best practices and outstanding service in gold and jewellery sector.

Lebanon has asked Iraq and Egypt to reduce transit fees as the Syrian conflict hurts its trade
08:55 GMT

Lebanon has filed an official request to reduce transit transport fees with Iraq and Egypt, the National News Agency reported Monday, in a bid to cut export costs after major land export routes were brought to a halt by the ongoing violence in neighboring Syria.

April 22, 2013

Could Egypt finally sign off on a deal with the IMF?
13:29 GMT

Egypt may secure an International Monetary Fund loan agreement in about a month, state news agency MENA reported, quoting "informed" sources.

Emirates Environmental Group
11:09 GMT

Nokia and Emirates Environmental Group have stepped forward to open their initiative to invite further stakeholders for their engagement in electronics recycling.

Dubai SME & Nexus workshop
10:49 GMT

Dubai SME and Nexus Insurance Brokers organised a seminar on risk management and insurance advisories to Dubai SME100 companies.

Essa Ali Al Zaabi, Senior Vice President, Institutional Support Sector, in the Chamber Executive Office
10:08 GMT

Dubai Chamber of Commerce and Industry has appointed Essa Ali Al Zaabi, Senior Vice President, Institutional Support Sector, in the Chamber Executive Office.

Dubai Gold and Commodities Exchange
09:25 GMT
(press release)

Dubai Gold and Commodities Exchange has launched a Mini Indian Rupee Futures Contract.

The IMF has revised its growth predictions for the Lebanese economy down to 2 per cent
08:40 GMT

The International Monetary Fund revised downward its projection for real gross domestic product growth in Lebanon to 2 percent in 2013, while the World Bank reduced its remittances estimate for the country last year.

Dubai Investments
08:36 GMT
(press release)

Emirates Building Systems has been awarded the Occupational Health and Safety Management System (OHSAS 18001:2007) certification.

Egypt is set to amend its draft budget  in move to secure Egypt's $4.8 billion IMF loan
03:42 GMT

Subsidies and public sector salaries among expense items that could be squeezed in move to secure Egypt's $4.8 billion IMF loan.