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Updated on : 8:42 am GMT | Wednesday 11th of September 2016 11
 
Issued By Business & Finance Group | Dubai Media City | Issue No.305
News Archive
Stocks rise to highest levels in 27 months
World stocks climbed to their highest levels in more than 27 months on Wednesday as investors seized on indications of stronger growth in 2011. US Treasuries steadied after dismal demand at an auction of five-year debt on Tuesday sent yields higher, boosting their relative value for some investors. The dollar fell against a basket of major curre
Sheikha Lubna - UAE boosting trade and economic cooperation with Syria
Business & Finance Club - UAE (Abu Dhabi) - UAE Trade Minister Sheikha Lubna Al Qasimi has discussed with Dr Beshir Qadoor, Charge d' Affairs
Egypt Achieves 5.5% Industrial Growth
Business & Finance Club - Cairo : Egypt’s Industry and Trade Minister Rachid Mohamed Rachid said that the rate of industrial growth in Egypt reached 5.5% this year
Bahrain and Germany consolidating economic relations
Business & Finance Club - Bahrain (Manama) - Bahraini Minister of Industry and Commerce Dr. Hassan Abdullah Fakhro received the Finance Minister of the German
Bain pays $1.8 billion for kids clothing firm Gymboree
Business & Finance Club - New York : Children's clothing maker Gymboree Corp (GYMB.O) is selling itself to buyout firm Bain Capital Partners for $1.8 billion, it said on Monday, as
Egypt Achieves 5.5% Industrial Growth

Business & Finance Club - Cairo : Egypt’s Industry and Trade Minister Rachid Mohamed Rachid said that the rate of industrial growth in Egypt reached 5.5% this year, which is a high rate despite the global economic crisis that affected the economies of most of the major countries around the world, adding the target is to reach 10% in 2016.

The ministry has materialized on the ground President Hosni Mubarak's (the 1000 factory) program, he said while addressing the Industry and Energy Committee at the Shura Council on Sunday 10/10/2010.

The ministry built 1,302 factories with total investments of 79 billion pounds, he said, adding non-oil exports reached 105 billion pounds in 2010, jumping from 97 billion pounds in 2008 and 44 billion pounds in 2005.

The industrial development plan 2010-2016 is built on setting up new industrial zones in Egypt's governorates and encouraging the private sector's participation in developing the infrastructure and utilities, improving human resources and upgrading the Egyptian industry, he said.

 
 
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