Abu Dhabi Media 17 \ 06 \ 2017 Suez Canal revenues in Egypt rose 11.5 percent to a record $ 5.585 billion in fiscal year 2017-2018. According to a statement published on the Suez Canal Authority website, the previous year’s revenues were $ 5.008 billion, Reuters reported. Channel Chairman Mehab …
Read More »Egypt decided to increase the prices of new petroleum products
Media In – Cairo June 16, 2018 The Ministry of Petroleum and Mineral Resources of Egypt announced a new increase in the prices of petroleum products, with the price of the domestic potty fifty pounds for the cylinder and the commercial one hundred pounds for the cylinder. In a press …
Read More »The Egyptian Stock Exchange closed all indices higher
Media In – Cairo – Saleh Ali – June 14, 2018 The Egyptian Stock Exchange ended its session yesterday with all its indices closing, closing its market capitalization at 903.874 billion pounds. And made a profit of 1.3 billion pounds, supported by purchases by foreign investors. Egyptian and Arab investors …
Read More »Egypt is implementing the project of electric interconnection with Sudan
Media In – Cairo – June 14, 2018 Egypt initiated the implementation of the project linking electricity with Sudan with a capacity of 300 megawatts. The Sudan network connectivity and connectivity project will be completed within 6 months. On the other hand, Egypt has completed a feasibility study for the …
Read More »Saudi Arabian Monetary Agency Raises Repayment Rate
Media In – Riyadh – June 14, 2018 SPA The Saudi Arabian Monetary Agency (SAMA) today decided to raise the rate of repurchase agreements from 225 basis points to 250 basis points and raise the rate of reverse repurchase agreements from 175 basis points to 200 basis points to maintain …
Read More »8 strategic decisions to enhance the competitiveness of the business environment in the UAE
In-Abu Dhabi, June 13, 2018 and WAM The Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, adopted a strategic decision to consolidate the business environment in the UAE. For business. Under the new system, a …
Read More »“Expo 2020 Dubai” informs the International Bureau of Exhibitions of the latest developments and preparations
MEDIA IN, Dubai, June 13, 2018 (WAM) Najeeb Mohammed Al Ali, Executive Director of Expo 2020 Dubai, briefed the members of the International Bureau of Exhibitions on the progress of the trip to an exceptional Expo in the Middle East, Africa and South Asia. Al Ali said at a meeting …
Read More »Mubadala launches $ 400m fund to invest in European technology companies
Media In – London 13 June 2018 / WAM / Abu Dhabi-based Mubadala Investment Company (Mubadala) today announced the establishment of a $ 400 million fund to invest in promising European technology companies. The new fund will be managed by Mubadala’s Emerging Investment Unit, Mubadala’s investment arm, while Softbank Group …
Read More »“Abu Dhabi Executive” reduces tourism fees from 6% to 3.5% and municipal fees from 4% to 2%
“Media In – Abu Dhabi, June 12, 2018 The Executive Committee of the Executive Council of the Emirate of Abu Dhabi has decided to reduce tourism fees from 6% to 3.5% and municipality fees from 4% to 2% and the municipality’s fee for each room for each night from AED …
Read More »The Capital Market Authority of Saudi Arabia: Launching the First Waqf Investment Funds
Media In / Riyadh 12 June 2018 The Board of the Saudi Capital Market Authority (CMA) issued a decision approving Al-Enmaa Investment Company to put forward the units of the Development Fund and Rural Endowment. This is in continuation to the role of the Capital Market Authority in organizing and …
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