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ADIB-Egypt signs IFC first murabaha funding deal worth $50 mln
Abu Dhabi Islamic Bank - Egypt (ADIB) signed a support financing agreement with the International Finance…
Egypt’s GAFI studies building 3 new free zones
Egypt’s General Authority of Free Zones and Investment (GAFI) CEO Hossam Heiba said that the government is planning…
IMF hails Egyptian government’s $1.9 bln IPO programme
The International Monetary Fund (IMF) welcomes the Egyptian government selling $1.9 billion state-owned entity…
Madinet Masr deals with MEDCOM for projects with investments of EGP 1bln
Egypt-based developer Madinet Masr has signed a MoU with Misr Engineering Development Company (MEDCOM) for a number…
Oil prices 17/07/2023
The oil prices fell on Monday by 1.45 percent to reach a value of $74.33 per barrel.
Second edition of Egypt Mining Forum to kick off on July 18-19
The second edition of the annual Egypt Mining Forum will take place in Cairo on July 18-19, under the rubric…
Nissan recalls 700K cars from Japan for manufacturing defects
Nissan has announced the recall of 699,000 vehicles in Japan to address a range of defects that also affect more…
McDonald’s to stop selling McCafé Bakery items this month
The biggest fast-food chain Macdonald’s confirmed on Wednesday that it is ending the McCafé Bakery by phasing out…
Shell provides Morocco with 500mln cubic meters of LNG in 12-year deal
Morocco's Ministry of Energy Transport and Sustainable Development announced on Sunday that British giant Shell…
Saudi inflation records 2.7% in June 2023
Saudi inflation slowed down to 2.7 percent in June 2023 from 2.8 percent in May, driven by stable prices across all…