Egypt’s economy is showing signs of improvement and resilience, thanks to the bold moves by the Central Bank of Egypt (CBE) and the government, according...
Egypt and IMF Agree on a New $3 Billion Economic Program
Egypt and the International Monetary Fund (IMF) have reached a staff-level agreement on a new 46-month Extended Fund Facility (EFF) arrangement of US$3 billion. The...
Merck Expands Its Presence in the Middle East with a New Office in Riyadh
Merck, a leading company in the fields of science, technology, and medicine, has opened a new regional office in Riyadh, the capital of Saudi Arabia....
Olam Group postpones Singapore-Saudi IPO of its agri-business unit
Olam Group, a Singapore-based global food and agri-business company, has announced that it will delay the initial public offering (IPO) of its agricultural unit, Olam...
Why Israel’s tech sector is a model of resilience amid crises
Israel’s tech sector has shown remarkable resilience amid the COVID-19 pandemic, the recent conflict with Gaza, and the political instability that has plagued the country...
Cairo Airport seeks partners for retail and F&B concession
Cairo International Airport (CIA) is looking for qualified companies to operate a commercial master concession at its Terminal 3. The concession will cover around 2,000...
Asian Shares Slip, Saudi Market Retreats on Profit-Taking
Asian shares ended lower on Monday, Feb. 26, 2024, as investors awaited inflation data from the United States, Japan and Europe that will help refine...
Egypt seals a landmark investment deal with major entities
Egypt has announced the signing of a major investment partnership deal with several prominent entities, aiming to boost the country’s foreign currency resources and economic...
Egyptian startups to benefit from Sawari Ventures’ $150 million fund
Sawari Ventures, a leading venture capital firm based in Cairo, has announced its plans to launch a new fund worth $150 million to invest in...
Dragon Oil Showcases Its Expertise in Energy Transition at EGYPS 2024
Dragon Oil, a company wholly owned by the Government of Dubai, is participating in the Egypt Energy Exhibition and Conference (EGYPS 2024) in Cairo, which...
Alat, Saudi Arabia’s New Tech Giant, Invests in Manufacturing and AI
Alat, a new technology company owned by Saudi Arabia’s Public Investment Fund (PIF), has revealed its ambitious plans to invest $100 billion by 2030 in...
E Fund and Riyad Capital Join Forces to Boost Investment Opportunities
E Fund Management Co., Ltd. (E Fund), the largest fund manager in China, and Riyad Capital, a leading asset manager in Saudi Arabia, have announced...
STC reports record revenues and profits in 2023
STC, the largest telecom operator in Saudi Arabia and the Middle East, announced its consolidated financial results for the year 2023, showing a remarkable growth...
Pak business delegation explores trade opportunities in Saudi Arabia
A high-level delegation of 21 leading Pakistani businessmen left for Saudi Arabia on Tuesday to participate in a business-to-business (B2B) conference in Riyadh, organized by...
The Billion-Dollar Empires of Egypt’s Richest Businessmen
Nassef Sawiris, the youngest son of the late Egyptian tycoon Onsi Sawiris, is the richest man in the Arab world, with a net worth of...
Tamimi Markets expands its presence in Saudi Arabia with Al Raya acquisition
Tamimi Markets, a family-owned grocery chain that has been operating in Saudi Arabia since 1979, has announced the completion of its acquisition of Al Raya...