Flexible macroeconomic risk management helps Egypt contain shocks – Maait
Moody’s, global rating agency, maintained Egypt’s sovereign credit rating at Caa1, Egypt’s finance minister Mohamed…
S. Arabia’s Almarai posts 16.4% net profit in ’23
Saudi Arabia dairy giant, Almarai, registered a 16.4 per cent increase in net profit to Saudi riyals 2.05 billion…
Eni discovers Zohr-like gas reservoir off Cyprus
ENI’s drilling at the Cronos-2 target in block 6 of Cyprus’ exclusive economic zone (EEZ) has uncovered a natural…
CBE mourns prominent bankers Hatem Sadiq, Gamal Muharram
With deep regret and sorrow, Mr. Hassan Abdullah, Governor of the Central Bank of Egypt, and his deputies mourn the…
Bosch to cut 1,200 jobs in software division by ’26
Bosch, the German automotive supplier, will cut 1,200 jobs in the software development division by the end of 2026,…
China’s Vanward launches $12 mln-factory in Egypt’s SCZone
The Suez Canal Economic Zone (SCZone) witnessed on Thursday the laying foundation stone for the Chinese Vanward…
EGX closes up on Jan. 18
Egypt’s stock market closed in the green area on Thursday. The main index, EGX30 rose by 0.32 per cent, to…
Mobily, SNB sign SR 4.8 bln Murabaha agreement
The Saudi National Bank (SNB) and Etihad Etisalat Co. (Mobily) have signed a Murabaha financing agreement.
Airbus expects to double procurement from India
Airbus expects to double the total value of procurement from India to $1.5 billion in the coming years, Reuters…
Meta’s AI-supported Ad campaigns boost returns by 32%
Ads on applications from Meta Platforms Inc. saw an increase in return on spending by an average of 32 per cent,…
