World Bank announces more than $6b support package for Egypt
The World Bank announced on Monday plans to provide more than $6 billion in support to Egypt throughout the coming…
Egypt’s oil extractions receive EGP 99.6b investments in 23/24
Egypt’s Ministry of Planning and Economic Development unveiled its targets and investments for the petroleum and…
CBE: Egyptian banking’ net profit records EGP 283.4b in ’23
The Egyptian banking sector saw its net profit grew by more than half throughout 2023, the central bank said in its…
Oman plans IPO for state-owned logistics company
The Oman Investment Authority (OIA) is in the process of planning an initial public offering (IPO) for Asyad Group,…
Russia increases oil exports through western ports
Russia is increasing its oil exports through its western ports in response to ongoing drone attacks on its…
EV start-up Fisker to pause production for 6 weeks
Fisker announced a six-week production pause for its electric vehicles and secured a financing commitment to sell…
Adani Group’s US bonds hit 2-month low
Adani Group dollar bonds hit a two-month low on Monday after reports of widened US investigation into potential…
EGX closes in dark red area for 2nd day on March 18
Egypt’s stock market (EGX) closed red on Monday. The main index, EGX30 declined by 6.34 per cent, to 29,091.29…
AstraZeneca caps inhaler costs at $35 per month
AstraZeneca announced on Monday that it will limit out-of-pocket costs for its inhaled respiratory products for…
European gas prices up amid supply cuts, tensions
European natural gas prices saw a four-day gain, the longest since January, driven by supply cuts from the Freeport…
