World Bank increases Egypt’s GDP growth forecast to 5.3% in FY 2017/18, 5.7% in FY 2018/19
The World Bank improved its previous forecast of Egypt’s gross domestic product (GDP) growth to record 5.3% in fiscal year...
Business & Economy
Abu Dhabi’s new $13.6 billion reform plan to create 10,000 jobs
Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan has approved an AED 50 billion ($13.6 billion) economic...
Kuwait’s growth to recover on higher oil prices: QNB
Kuwait’s economic growth is expected to recover on higher oil prices, which will enable an expansionary budget and higher project...
Egypt parliament approves new budget and development plan
Egypt's House of Representatives approved on Tuesday the country's new budget for fiscal year 2018/19 and its socio-economic development plan....
Qatar’s Economic Growth to Accelerate in 2019: IMF
Qatar's economic growth is expected to accelerate in 2019, the International Monetary Fund (IMF) has said in its latest report....
IDAL increases financial incentives to exporters
The Investment Development Authority in Lebanon (IDAL) has increased the financial incentives of its Agri-Plus program. The program supports agricultural...
Bahrain growth seen at 3.2 percent this year: IMF
Bahrain's overall growth in 2018 is projected at 3.2 percent a recovery in oil production, rising refinery and aluminum production...
Mitsubishi awarded $110 million Iraq Port Contract
Japan’s Mitsubishi Corporation has been awarded a contract for port construction in the Republic of Iraq. Extended by the General...
Trade exchange between Egypt, Arab countries reaches $1.7bn in February
Trade exchange between Egypt and Arab countries recorded about $1.7 billion during February 2018, according to the state-statistic body. The...
Makkah-Madinah high-speed train set for September launch
The first high-speed electric train between Makkah and Madinah will be running by September, Saudi Arabia's Transport Minister Nabil bin...
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