IMF approves $12 billion loan to Egypt
The International Monetary Fund’s executive board on Friday approved Egypt’s request for a $12 billion loan facility, after the North...
Business & Economy
Egypt targets 8% industrial growth by 2020
The Ministry of Industry and Trade aims to increase the contribution of industrial growth to GDP from 17.7% to 21%...
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Around $85 million is required to complete three industrial cities planned by the Ministry of Industry for Baalbek, Tourbul-Qosaya, and...
Deposits in Lebanese banks show record growth since 2010
Bank deposits increased $6.6 billion in the first nine months of 2016. This is the highest growth in absolute value...
Egypt secures $6 billion bilateral financing for IMF loan
Egypt has secured the $6 billion in bilateral financing required to secure a three-year, $12bn IMF lending program, Finance Minister...
Iran aims for more foreign oil and gas investment after $4.8 billion deal with Total
Iran is hoping to secure more overseas investment after a consortium led by France’s Total on Tuesday signed a $4.8bn...
Portugal nearly doubles exports to Qatar in first half of 2016
According to Portuguese officials, during the first half of 2016, the country has nearly doubled the value of exports to...
Egypt cancels import tariffs on sugar
Egypt has cancelled tariffs on imported sugar, the country's supply minister announced at a press conference on Friday where key...
Business leaders in Lebanon optimistic as a result of new President
Leaders of private sector organizations are optimistic again, after the election of a President. They are expecting enhanced stability, more...
Egypt free floats pound, raises lending rates to spur economy
Egypt took the unprecedented step of allowing its currency to trade freely as it announced a series of sweeping measures...
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