News

Abu Dhabi 20-08-2019 The Cabinet adopted a decision to reduce the consumption of sugary drinks and smoking products by adding a number of products to the selective tax list and applying them to these products starting from January 1, 2020, within the framework of the government’s direction to preserve public …

Cairo 19-08-2019 / WAM The Harvard Foundation for International Development predicted that the Egyptian economy will grow by an average of 6.8% annually until 2027 to become one of the fastest growing economies in the world. A project report reviewed by Egyptian Prime Minister Mostafa Madbouly pointed out that these …

Dubai 19-08-2019 / WAM Dubai Financial Market (DFM) has strengthened its successful partnership with the DIFC Authority’s Hawkamah Institute to improve corporate governance practices in the UAE. In 2017, DFM and Hawkamah signed a cooperation agreement to develop governance and sustainability practices in the corporate sector in the UAE, particularly …

Cairo 18 -8-2019 Egyptian stock indexes recorded collective gains at the close of trading today, supported by continued strong buying by Egyptian and Arab investors. Market capitalization of shares of listed companies gained about LE 5.3 billion to close at LE 757.8 billion. The main stock index “EGX 30” by …

Dubai 18-08-2019 The Dubai Chamber of Commerce and Industry (DCCI) has unveiled eight mentors of experienced and business leaders who will oversee the implementation of the second phase of the UAE-Africa Startups Training Program, which will be held on the sidelines of the 5th edition of the Africa-Africa Global Business …

Dubai 17-08-2019 The Dubai Business Registration and Licensing Business Report showed that 14,737 new business licenses were issued during the first half of 2019, confirming Dubai’s continued competitiveness and attractiveness for companies and investors interested in sustainable growth, and expanding their business in various economic sectors in Dubai. The new …

Tunisia 17 -8-2019 SPA During the first 8 months of this year, Tunisia’s exports of cereals increased by 28.8% in comparison to the same period last year, and by 14.4% in terms of revenues of around 70 million Tunisian dinars. According to statistical data of the Tunisian Agriculture Observatory, the …

Cairo 16-08-2019 Egypt’s non-oil exports in the first half of this year exceeded $ 13 billion. The Egyptian General Authority for Export and Import Control pointed to the increase in the value of Egyptian exports to five export groups, led by agricultural crops, noticeably rising to reach $ 1.57 billion …

New York 16 -8-2019 SPA Wall Street’s main stock indexes closed higher at the close on Friday. The Dow Jones industrial average ended the session up 306.62 points, or 1.2 percent, to 25,886.01 points. The Standard & Poor’s 500 Index added 41.08 points, or 1.44 percent, to 2,888.68. The Nasdaq …

Abu Dhabi 17-08-2019 The Federal Tax Authority has launched a new electronic system for registering selective goods. The Commission pointed out that all business sectors concerned with selective commodities should follow the new procedures when registering selective goods in the system and reviewing the documents and requirements for registering and …