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Italy’s Eni to invest $7.7bln in Egypt in next four years
Italian energy giant Eni is planning to invest $7.7 billion in Egypt during the next four years, said Egyptian…
Egypt’s Al Tadamun Microfinance gets $3.88mn from FAB
Egypt-based Al Tadamun Microfinance Foundation has renewed a credit facility agreement of 120 million Egyptian…
UAE’s Global Investment Holding buys 30% shares of Egypt’s Eastern Company
UAE’s Global Investment Holding Company has on Sunday signed an agreement to acquire 30 percent of shares in…
Egyptian Exchange briefing 03/09/2023
The Egyptian Exchange closed low on Sunday with the main index, EGX 30, falling by -0.78 percent to 18,726.01,…
Egypt hedges 35% of its oil needs until mid-2024
Egyptian government has hedged up to 35 percent of its petroleum needs for the current fiscal year 2023/2024 that…
Saudi Arabia’s tourism revenues boost to record $10bn in Q1 of 2023
Saudi Arabia saw tourism revenue reach almost $9.86 billion as the sector sees massive increase in the Kingdom as…
Egypt’s c.bank assets hike by 50% in one year
The Central Bank of Egypt (CBE) assets represent an increase of 1.494 trillion Egyptian pounds or 50 percent in one…
Russia’s Rosatom to finalise first-ever nuclear power plant in Egypt
Egypt's nuclear regulator authorised the Russian state atomic energy corporation Rosatom to develop the fourth unit…
Egypt’s ENR deals with Orascom Construction, Thales to update railway line
Egyptian National Railway (ENR) signs a new contract of €300 million with Orascom Construction and Thales to…
Egypt forms government unit to boost cooperation with BRICS countries
Egypt announced on Wednesday it would form a government unit to facilitate cooperation with BRICS countries.