Market

Euromoney: Egypt’s financial sector is evolving fast

Egypt’s financial sector, not traditionally distinguished by its speed, is evolving fast backed by the reforms efforts made by the Central Bank of Egypt (CBE), the Euromoney Institutional Investor PLC said on Monday2/5/2022.In a statement posted on its…

Alba makes history with its first ever achieved safety performance

Manama, The world’s largest aluminium smelter ex-China, Aluminium Bahrain B.S.C. (Alba) set new records in Safety on 30 April 2022 as it surpassed 25 million Safe working-hours without Lost Time Injury (LTI) for the first time in the history of its com…

UAE Central Bank starts circulating two new banknotes

Abu Dhabi, The UAE Central Bank of the UAE (CBUAE) has announced that the new AED5 and AED10 banknotes have entered circulation following distribution to all banks operating in the country.The CBUAE – in collaboration with the UAE Banks Federation (UBF…

UAE, Rwanda sign economic, technical cooperation agreement

Sheikh Shakhboot bin Nahyan bin Mubarak Al Nahyan, Minister of State, and President of Rwanda, Paul Kagame, have reviewed ways to further boost bilateral ties between the two nations in various fields of interest.This came as Sheikh Shakhboot met, in t…

UAE-Turkey discuss Comprehensive Economic Partnership Agreement

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade and Mohamed Mosh (Mehmet Mus), Minister of Trade of Turkey discussed different initiatives to foster business and investment partnerships between the business communities of the two co…

QDB Investments in SMEs Top QR100mn

The direct investments supervised by Qatar Development Bank (QDB) in small and medium-sized enterprises (SMEs) exceeded QR100 million for the first time, bringing the total amount of direct and indirect investments in its portfolio to QR220 million, su…