UAE accuses Qatar of banning its products, files WTO complaint

A sign of the World Trade Organization (WTO) is seen on their headquarters on September 21, 2018 in Geneva. (File/AFP)
Updated 29 January 2019

UAE accuses Qatar of banning its products, files WTO complaint

  • UAE has filed a complaint against Qatar at the World Trade Organization saying Doha has imposed a ban on Emirati products
  • The report did not state when the complaint was filed

DUBAI: The United Arab Emirates has filed a complaint against Qatar at the World Trade Organization saying Doha has imposed a ban on Emirati products, UAE state news agency WAM said on Tuesday.

"The UAE's action comes after the Qatari ministry of economy banned the sale of consumer goods manufactured in the UAE, Saudi Arabia, Bahrain and Egypt," WAM reported.

The report did not state when the complaint was filed.


Egypt expects several share offerings by end of year

Updated 15 September 2019

Egypt expects several share offerings by end of year

  • One small company worth about 50 million Egyptian pounds was also expected to offer shares on the Nile Stock Exchange

CAIRO: Egypt expects two state companies and one private pharmaceuticals firm worth more than $61.3 million, or one billion Egyptian pounds, to make share offerings by the end of the year, an official at the Financial Regulatory Authority said on Sunday.
One small company worth about 50 million Egyptian pounds was also expected to offer shares on the Nile Stock Exchange, which specializes in small and medium sized enterprises, said Sayed Abdel Fadeel, head of the authority’s corporate finance department. He did not name the companies.
Egypt promised to sell minority stakes in several state companies in late 2018 but postponed the offerings following emerging market turbulence.