Egypt
Egypt's United Bank to list on Cairo stock exchange on Oct. 24
State-owned United Bank will list on the Egyptian stock exchange on Thursday, the bourse said on Wednesday, a further step towards a rare privatisation of an Egyptian lender.
The Kingdom’s Ministry of Economy and Planning has signed a cooperation agreement with its Austria counterpart, the Saudi Press Agency reported on Wednesday.
Martin Kocher © Mena Today
The Kingdom’s Ministry of Economy and Planning has signed a cooperation agreement with its Austria counterpart, the Saudi Press Agency reported on Wednesday.
The pact was inked at the ninth session of the Saudi-Austrian Joint Committee in Vienna between the Kingdom’s Economy and Planning Minister Faisal bin Fadel Al-Ibrahim and Austria’s Labor and Economy Minister Martin Kocher.
The parties aim to encourage cooperation in trade, industry, research and development, tourism, and small and medium enterprises.
The countries will also organize conferences and seminars featuring experts in their fields.
The parties are committed to protecting mutual intellectual property rights, the SPA reported.
Saudi Arabia and Austria first signed economic, commercial, industrial and technology agreements in 2004.
State-owned United Bank will list on the Egyptian stock exchange on Thursday, the bourse said on Wednesday, a further step towards a rare privatisation of an Egyptian lender.
Iran and Saudi Arabia, two major regional powers in the Middle East, are reportedly preparing to hold joint military exercises in the Red Sea.
The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2024 to 1.5% and estimated growth to accelerate to 4.6% next year in its latest World Economic Outlook Report released on Tuesday.
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