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Business Egypt

  • *Kurdistan deal gives Dana immediate cash infusion. DUBAI, Sept 4- Stock markets in the United Arab Emirates were mostly quiet on Monday as they resumed trading after a long holiday weekend for Eid al-Adha, but Abu Dhabi- listed Dana Gas soared after it agreed on overdue payments from Iraqi Kurdistan's government. Iraqi Kurdistan agreed to immediately pay Dana's...

  • TUESDAY, SEPTEMBER 5 BRISBANE, Australia- Remarks by Philip Lowe, governor of the Reserve Bank of Australia, at Reserve Bank Board Dinner. BUDAPEST- Hungarian Central Bank holds non-rate-setting meeting. BRISBANE, Australia- Reserve Bank of Australia monetary policy decision meeting- 0430 GMT.

  • SYDNEY- Sarah Harris, Reserve Bank of Australia's deputy head of financial market infrastructures, payments policy department, participates at the Risk Australia 2017 Conference 0300 GMT. TUESDAY, SEPTEMBER 5 BRISBANE, Australia- Remarks by Philip Lowe, governor of the Reserve Bank of Australia, at Reserve Bank Board Dinner. BUDAPEST- Hungarian Central Bank...

  • CHISINAU, Moldova- National Bank of Moldova interest rate decision. SYDNEY- Sarah Harris, Reserve Bank of Australia's deputy head of financial market infrastructures, payments policy department, participates at the Risk Australia 2017 Conference 0300 GMT. SUVA, Fiji- Reserve Bank of Fiji board meeting to announce interest rates.

  • Qatar's central bank governor Sheikh Abdullah bin Saud al-Thani attends a meeting with other Gulf Cooperation Council (GCC) central bank chiefs in Kuwait City on March 24, 2010. GCC central bank chiefs are meeting to discuss progress towards regional monetary union.

    Qatar's lenders are quite capable of withstanding the conditions imposed by the Saudi-led boycott, central bank governor Sheikh Abdullah bin Saud al-Thani said on Tuesday.

  • **BANGKOK- Thailand Deputy Central Bank Governor Mathee Supapongse speaks at a business forum of monetary policy challenges for Thailand 0200 GMT. CHISINAU, Moldova- National Bank of Moldova interest rate decision. SYDNEY- Sarah Harris, Reserve Bank of Australia's deputy head of financial market infrastructures, payments policy department, participates at...

  • The skyline of Doha, Qatar.

    Fitch lowered Qatar's credit rating by one notch to AA-minus with a negative outlook.

  • *Kuwait firm before FTSE's decision next month. DUBAI, Aug 27- Thin news flow and upcoming Islamic holidays towards the end of the week kept many long-term equity investors away on Sunday, leaving stock markets in the Middle East vulnerable to profit- taking, but Kuwait's index bucked the trend. The holidays will start on Wednesday in Saudi Arabia and Thursday in...

  • U.S. President Donald Trump (R) shakes hands with Egyptian President Abdel Fattah Al Sisi

    The U.S.’s moves on Tuesday to cancel state aid to Egypt prompted suggestions that the Middle Eastern country may have become little more than a bargaining chip in a wider strategy to apply to North Korea. But analysts have suggested this could be something of an ambitious notion given the administration’s track record.

  • *Dana Gas supports Abu Dhabi. *Egypt's Orascom Construction drops on net profit decline. DUBAI, Aug 24- Most stock markets in the Middle East declined on Thursday as local retail investors booked profits and institutional investors stayed on the sidelines, while Dubai port operator DP World underperformed because of uninspiring interim earnings.

  • Jared Kushner

    A scheduled meeting between Egypt’s Foreign minister and top U.S. Presidential advisor Jared Kushner was aborted at the last minute Wednesday, just hours after the U.S. withdrew tens of millions of dollars in aid.

  • People walk past a currency exchange shop displaying a giant US dollar in downtown Cairo, Egypt on November 3, 2016.

    Amid civil conflict, terrorist violence and regional troubles, Egypt is re-emerging as a destination for global investors.

  • *Suez Canal Economic Zone projects eligible for incentives. CAIRO, Aug 17- Egypt is hoping that long-awaited regulations approved on Thursday to its new investment code will draw in fresh and needed cash from abroad as the country pushes ahead with reforms. Investment Minister Sahar Nasr told Reuters in an interview that the law could now be active within days.

  • *GFH, Union Properties rebound after sharp losses in Dubai. Dana Gas surges in Abu Dhabi after earnings. It had plunged 12.9 percent over the previous two days as it acquired a $1.2 billion infrastructure portfolio in Africa and the Middle East, funding it with a $315 million capital increase that took issued and paid-up capital to $975 million- a big dilution for...

  • Egypt's new investment law aimed at attracting business

    H.E. Sahar Nasr, minister of investment and international cooperation for the Egyptian government, discusses the investment environment in her country.

  • H.E. Sahar Nasr, minister of investment and international cooperation for the Egyptian government, discusses financial opportunity in the MENA region.

  • DUBAI, Aug 14- Shares of the first family-owned business to list in Qatar slumped on Monday as they began trading, while weak earnings at several companies in Dubai weighed on the stock index there. Egypt fell for a fifth straight day. Qatari conglomerate Investment Holding Group tumbled 13 percent from its initial public offer price to 8.70 riyals.

  • TUESDAY, AUGUST 15 SYDNEY- Reserve Bank of Australia to release the minutes of its August monetary policy meeting 0130 GMT. **BELGRADE- Serbia Central Bank presents inflation report for August- 0600 GMT. WINDHOEK, Namibia- Central Bank of Namibia monetary policy meeting.

  • SUNDAY, AUGUST 13 SYDNEY- Reserve Bank of Australia Assistant Governor Christopher Kent speaks at the Moody's Analytics Forum 2335 GMT. TUESDAY, AUGUST 15 SYDNEY- Reserve Bank of Australia to release the minutes of its August monetary policy meeting 0130 GMT. WINDHOEK, Namibia- Central Bank of Namibia monetary policy meeting.

  • CAIRO, Aug 10- Egypt's key inflation rates soared to multi-decade highs on Thursday on the back of energy subsidy cuts agreed with the International Monetary Fund as a condition of its $12 billion three-year loan. Import-dependent Egypt has been hit by soaring inflation since it floated its currency in November, and since then the pound has roughly halved in...