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Category: Business

By Noah MillerIn Business, NewsPosted December 9, 2024

Syrian Businesses Celebrate in Western Cairo Following Assad’s Fall

People pass a Syrian restaurant in western Cairo, where Syrian businesses have clustered, and the air buzzed with celebration after the fall of Bashar al-Assad...

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By Emma JohnsonIn Business, NewsPosted December 5, 2024

Egypt’s Mid Takseet Rebrands as MOGO, Increases Capital to $4.51 Million

Egypt's Mid Takseet consumer finance company has officially rebranded as MOGO (Money on the GO) and significantly increased its capital to EGP 225 million (approximately...

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By Rian LordIn Business, NewsPosted December 5, 2024

MSMEDA Allocates $5.31 Million to Support Furniture Projects in Damietta

The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has allocated EGP 265 million (approximately $5.31 million) over the past decade to support furniture manufacturing...

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By Noah MillerIn Business, NewsPosted November 29, 2024

Saudia A330-300 Business Class: A Superb Flight Experience

Flying in business class is always an exciting treat, but when everything from the service to the food is top-notch, it becomes an experience worth...

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By David SmithIn Business, NewsPosted November 28, 2024

InvestHK Launches Cairo Office to Strengthen Links with MENA Region

InvestHK has unveiled its new Cairo office, aiming to draw businesses from the Middle East and North Africa (MENA) to Hong Kong. This move is...

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By Ava WilliamsIn Business, NewsPosted November 27, 2024

Banan: Riyadh’s Vibrant Celebration of Global Handicrafts Kicks Off

Riyadh is buzzing with creativity as the second edition of Saudi International Handicrafts Week, known as Banan, commences today at Roshn Front. Running until November...

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By David SmithIn Business, NewsPosted November 25, 2024

Nice One to Launch IPO on Saudi Exchange, Bolstering E-Commerce Growth

Saudi Arabia’s leading beauty-focused e-commerce platform, Nice One Beauty Digital Marketing Company, has announced its plans to undertake an initial public offering (IPO) on the...

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By Noah MillerIn Business, NewsPosted November 25, 2024

Mideast Stocks Surge on Oil Rally as Egypt Faces Decline

Gulf stock markets rallied on Sunday driven by rising oil prices, while Egypt's index slipped amid economic concerns. Oil Prices Propel Gulf Markets Higher Oil...

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By Ava WilliamsIn Business, NewsPosted November 22, 2024

Egypt’s Red Sea Wind Energy Secures $51M Loan from JBIC to Expand Wind Farm Capacity

Egypt's renewable energy sector takes a significant leap forward as Red Sea Wind Energy signs a $51 million loan deal with Japan Bank for International...

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By Rian LordIn Business, NewsPosted November 21, 2024

Saudi: Qassim Cement to Pay $19.06 Million Dividends for Q3-24 Following 800% Profit Surge

Qassim Cement Company has declared a substantial cash dividend of SAR 71.34 million ($19.06 million) for the third quarter (Q3) of 2024, as disclosed in...

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By Ava WilliamsIn Business, NewsPosted November 21, 2024

Saudi Arabia: Iranian Saffron Spices Up Riyadh Season

The Riyadh Season continues to captivate visitors with its diverse array of cultural and entertainment offerings. This year, the introduction of an Iranian pavilion featuring...

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By Emma JohnsonIn Business, NewsPosted November 18, 2024

Best Hotels in Riyadh, Saudi Arabia

The Ritz-Carlton, Riyadh stands as a beacon of luxury and elegance. Nestled within a sprawling garden, this hotel features opulent rooms, a lavish spa, and...

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By Rian LordIn Business, NewsPosted November 12, 2024

QatarEnergy Acquires 23% Stake in Egypt’s Offshore North El-Dabaa Block from Chevron

QatarEnergy has announced the acquisition of a 23% stake in the North El-Dabaa (H4) offshore exploration block in Egyptian waters from Chevron (CVX.N). This strategic...

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By Noah MillerIn Business, NewsPosted November 12, 2024

Egypt-Saudi Arabia Trade Exchange Soars to $7.5 Billion in First Nine Months of 2024

The trade relationship between Egypt and Saudi Arabia has witnessed a substantial uptick, with the Central Agency for Public Mobilization and Statistics (CAPMAS) reporting a...

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By David SmithIn Business, NewsPosted November 12, 2024

Malaysia and Egypt Eye Mutual Market Access Opportunities, Says MITI Minister Zafrul Aziz

KUALA LUMPUR: Malaysia and Egypt have significant opportunities to help each other access their respective markets, said Investment, Trade and Industry (MITI) Minister Tengku Datuk...

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By David SmithIn Business, NewsPosted November 8, 2024

Egypt’s Agricultural Exports Surge by 32% Amid Expanding Fertile Lands

Egypt's agricultural exports have seen a remarkable 32% increase in the first ten months of 2024, a significant leap that highlights the country's expanding agricultural...

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