Egypt stocks turn down with US$ 497.8m losses on currency uncertainty
Egypt's stocks concluded lower Monday with losses worth 3.898 billion Egyptian pounds (US$497.8 million), as part…
Misr Insurance awarded $383mn policy for money transfer firm in Alexandria
The leading insurer in MENA region, Misr Insurance Company has won a policy bid to insure the assets and properties…
CIB seizes lion’s share of credit card portfolio in Egypt
The Commercial International Bank (CIB) seized lion's share of Credit Card in Egypt's banking market after…
Egypt may replace Turkey in Russian market following sanctions
Egypt is seeing an opportunity and is ready to fill the gap resulted in Russia’s decision to ban Turkish imports…
New Suez Canal saves “5-10% of total operating costs”- Intesa Sanpaolo report
Egypt's New Suez Canal has led to a decrease in transit time from 18 to 11 hours, which will be reflected on the…
Ganope eyes building oil shale-fueled power plant in Egypt’s Red Sea
Egypt's Ganoub El-Wadi Petroleum Holding Company (Ganope) is currently making economic feasibility study for…
Moody’s: Egypt’s ailing economy increases credit risk, 1-year EDF ups
Moody's Investors Service said in its latest report that the recent deterioration in Egypt’s economic outlook has…
Saudi tycoon Bin Talal chairs $2.2bn-fund for world’s tallest building
Jeddah Economic Company and Saudi Arabia's Alinma Investment had signed a financing deal for 8.4 billion Saudi…
Gulf stock markets mixed, focus on MSCI changes
Gulf stock markets were mixed in quiet early trade Monday with activity focusing on changes in MSCI index…
U.S. senators call for 20,000 troops in Syria and Iraq
Two senior U.S. senators called Sunday for Washington to nearly triple military force levels in Iraq to 10,000…