EXCLUSIVE: EU investment portfolio in Egypt reaches €1.2b
The EU’s total portfolio of investments in Egypt stands at approximately €1.2 billion, covering various sectors…
Egypt’s budget initial surplus hits EGP 193b in 8 months
Egypt’s budget has significantly improved in the past eight months, showing an initial surplus of 193 billion…
CIB leads banking sector gains in EGX Sunday trading
In a robust trading session this Sunday, the Commercial International Bank (CIB) led the banking sector’s gains,…
Default risk in emerging markets decreases
The risk of government defaults in emerging markets is diminishing, fueling a bond rally, especially in junk-rated…
New GASCO-ENI hybird fuel station opens in New Cairo
Tarek Al Molla, the Egyptian Minister of Petroleum and Mineral Resources, inaugurated the GASCO-ENI integrated…
ECCAS removes sanctions on Gabon
The Economic Community of Central African States (ECCAS) has decided to remove sanctions on Gabon and reintegrate…
Aramco eyes expansion in China
Saudi Aramco’s CEO, Amin Nasser, announced on Sunday that the company is exploring further investment opportunities…
EGX closes in green on March 10
Egypt’s stock market (EGX) closed in the green area on Sunday. The main index, EGX30 dropped by 5.17 per cent, to…
World Bank pledges $3b support to Egypt – minister
The World Bank (WB) has pledged $3 billion in support to Egypt following the country's successful negotiation of an…
Aramco’s ’23 profit drops to $121b
Aramco, the Saudi oil giant, announced on Sunday a $121 billion profit in 2023, down from its record high of $161…
