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Abdeen receives Banker of the Year Award for GCC

Mohamed Nasr Abdeen, vice chairperson of Union National Bank-Egypt, received the 2017 GCC Banker of the Year Award. Union National Bank of the UAE was awarded the Best Retail Bank of the GCC in 2017 by World Finance magazine, which specialises in the finance and banking industry in London. World Finance is one of the …

Daily News Egypt

GCC states top Arab countries in 2016 FDI inflows

Gulf Cooperation Council states led the Arab world in terms of foreign direct investment (FDI) inflows during 2016, as stated by a report issued by Dhaman, the Kuwait-based Arab Investment and Export Credit Guarantee Corporation. The UAE topped the list with around $9bn, followed by Egypt and Saudi Arabia in second and third places respectively. …

Daily News Egypt

MENA growth accelerates in 2017 despite GCC’s weak performance: FocusEconomics

The economic activity in the Middle East and North Africa (MENA) region has shown surprising resilience in 2016 despite mounting political and economic headwinds, according to a report recently released by the economic analysis and forecasts provider FocusEconomics. The report reviews the performance of the region throughout 2016. While the region managed to accelerate despite …

Daily News Egypt