UAE’s Abu Dhabi to allocate 15% of procurement spending and annual contracts to mSMEs

Residential and office blocks along Abu Dhabi’s waterfront, United Arab Emirates, January 3, 2019. (Reuters)
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Updated 28 April 2020

UAE’s Abu Dhabi to allocate 15% of procurement spending and annual contracts to mSMEs

  • Emirate focused on stimulating growth in its small business sector

CAIRO: The United Arab Emirates’ government of Abu Dhabi will allocate 15% of government procurement spending and annual contracts to micro-Small and Medium Enterprises (mSMEs) from 2020 onwards to drive growth for small businesses, in line with its economic stimulus package, the emirate’s media office said in a tweet on Tuesday.

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Egypt’s annual urban consumer price inflation fell to 4.2% in July

Updated 10 August 2020

Egypt’s annual urban consumer price inflation fell to 4.2% in July

  • Month on month inflation has increased in Egypt over the past month

CAIRO: Egypt’s annual urban consumer price inflation fell to 4.2% in July from 5.6% in June, the central statistics agency CAPMAS said on Monday.
Month on month inflation increased to 0.4% in July from 0.1% in June, the agency said.