Economy & Trade
April 24, 2013
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 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.
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
Trade representatives from the European Union and Morocco have begun talks to upgrade a trade agreement, the European Commission said Monday.
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.
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 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
Egypt may secure an International Monetary Fund loan agreement in about a month, state news agency MENA reported, quoting "informed" sources.
Nokia and Emirates Environmental Group have stepped forward to open their initiative to invite further stakeholders for their engagement in electronics recycling.
Dubai SME and Nexus Insurance Brokers organised a seminar on risk management and insurance advisories to Dubai SME100 companies.
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 has launched a Mini Indian Rupee Futures Contract.
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.
Emirates Building Systems has been awarded the Occupational Health and Safety Management System (OHSAS 18001:2007) certification.
Subsidies and public sector salaries among expense items that could be squeezed in move to secure Egypt's $4.8 billion IMF loan.