Kuwait detects EG.5 COVID variant
Kuwait's Ministry of Health announced on Tuesday that it had detected the new COVID-19 omicron variant, EG.5,…
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Abu Dhabi Ports record 4% profit fall in Q2 of 2023
Abu Dhabi Ports Group (AD Ports Group) posted on Tuesday its profit on shareholders that fell by four percent in…
Saudi Arabia’s inflation eases to 2.3% in July 2023
Saudi Arabia’s inflation slowed down to a year-long low of 2.3 percent in July, compared with 2.7 percent in the…
UK’s Knight Frank expands into Egypt with Cairo office
Knight Frank, the UK-based real estate consultancy announced the launch of its first office in Egypt, to be located…
EFG Holding offers EGP 3bln securitisation bonds before year-end
Egypt’s EFG Holding is jointly offering securitisation bonds of up to 3 billion pounds before the end of 2023…
Egypt’s FRA launches dollar-based pension plan for expatriates
Egypt’s Financial Regulatory Authority (FRA) launched on Tuesday the first pension plan in U.S. dollars for…
Egypt’s eFinance firm records 56% profit growth in Q2
The Egyptian payments firm eFinance has witnessed a net profit growth by 56.2 percent during the second quarter of…
Russia’s central bank hikes rates by 350bps to 12%
Russia’s central bank hiked interest rates by 350 basis points to 12 percent at an emergency meeting on Tuesday, a…
SoftBank in talks to acquire remaining Arm stake from its VF1
Japanese tech investor SoftBank Group is in talks to purchase the remaining 25 percent of semiconductor…
Egypt secures $500 mln wheat deal from UAE’s Al Dahra, ADEX
Egypt has signed a $500 million agreement with the UAE-based agribusiness firm Al Dahra and the Abu Dhabi Exports…