Egypt’s S. Canal revenue may partially offset Red Sea attacks impact – Maait
Some of the damage caused by the Red Sea attacks on ships to Suez Canal revenue could be offset by prior growth…
S. Arabia’s industrial production falls by 10.5% in Dec. ’23
Saudi Arabia’s Industrial Production Index (IPI) decreased by 10.5 per cent in December 2023, due to the decline in…
EGX closes all red on Feb. 11
Egypt’s stock market (EGX) closed in the red area on Sunday. The main index, EGX30 dropped by 0.75 per cent, to…
Gulf’s real estate to grow in H1 2024 – Markaz
The Gulf real estate sector will grow in the first half of 2024 due to increasing demand and government policies…
Emirates NBD-Egypt renews partnership with Allianz Egypt for 5 yrs
Emirates NBD-Egypt and Allianz Insurance Company-Egypt have renewed their strategic bancassurance partnership for…
Indonesia cancels plans to purchase Mirage fighter jets from Qatar
Indonesia has cancelled plans to purchase secondhand Mirage 2000-5 fighter jets from Qatar in a €733 million deal…
Visa, EBC sign MoU to ease Egyptian’s remittances abroad
Visa and Egyptian Banks Co. (EBC) signed a MoU, in coordination with the Central Bank of Egypt (CBE), to enhance…
Egypt’s EPICO plans to inject EGP 800 mln investments in ’24
Egyptian International Pharmaceutical Industries (EIPICO) plans to invest over 800 million Egyptian pounds in 2024…
Repercussions of ongoing Israel’s war on Gaza catch up with its economy
Israel’s war on Gaza may cause it to sell a near-record amount of bonds this year to continue funding its offensive…
Egypt’s ICON secures majority stake in Legacy Hotels
The Arab Company for Tourism and Hotels Investments (ICON), a subsidiary of Talaat Moustafa Group Holding, has…
