Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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XRG's board held its first meeting outside the UAE in New York to review progress on its investment strategy and five-year plans, focusing on LNG and low-carbon hydrogen projects in the US.
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The UAE Ministry of Labor urges private sector companies to meet Emiratization targets by December 31, focusing on increasing skilled citizen employment to support sustainable economic growth.
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The Ajman Finance Department held its third leadership council meeting for 2025 to discuss strategic directions, development plans, project updates, and to strengthen financial governance in the emirate.
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The Central Bank of the UAE and Dubai Finance signed a Memorandum of Understanding to enhance cooperation and develop the capital market using the Central Bank's financial infrastructure, aiming to issue government bonds in dirhams and promote financial inclusion.
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Authorities are investigating suspects involved in illegal foreign currency trading outside the banking market at black market prices, with transactions exceeding two million Egyptian pounds annually. They were caught with cash and evidence on their phones proving their illegal activities.
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WETEX exhibition launches today with 3,100 companies from 68 countries participating, featuring 18 international pavilions over 95,000 square meters and zones for green mobility and health and safety.
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Dr. Amr Talaat, Egypt's Minister of Communications, participated in the Chinese Embassy's celebration in Cairo for China's 76th National Day, conveying congratulations on behalf of the Egyptian government. He emphasized the deep strategic partnership between Egypt and China, which spans thousands of years and covers multiple sectors including communications and technology.
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The Israeli Knesset approved raising the 2025 budget deficit ceiling to 5.2% of GDP to fund additional military spending of 31 billion shekels. The economy contracted 4% in Q2 2025 amid the ongoing Gaza war, while the Bank of Israel kept interest rates at 4.5%.
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The Egyptian Minister of Communications announced that cumulative investments in the China-Egypt Economic Zone have exceeded $3 billion, providing around 10,000 direct jobs, within a deep strategic partnership covering communications, technology, and infrastructure sectors.
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Samir Omar stated that the Palestinian resistance suffered heavy losses after October 7, 2023, including the destruction of Gaza and losses among leadership and Hezbollah support in Lebanon. He added that Netanyahu aims to corner Hamas into rejecting Trump's plan to justify the ongoing war. Egypt has also suffered significant economic losses due to the conflict.
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