In a significant move to enhance its market position, Egyptian insurtech startup Mal Bazaar has acquired a licensed insurance brokerage. This acquisition, approved by the...
Riyadh Air and Egyptair Forge Strategic Partnership to Enhance Connectivity
In a significant move to bolster connectivity and enhance passenger services, Riyadh Air and Egyptair have signed a memorandum of understanding (MoU). This strategic partnership...
Oil Rebounds Amid Escalating Middle East Tensions
Introduction Oil prices have staged a remarkable recovery after last week’s selloff, driven by escalating geopolitical tensions in the Middle East. As a Greek-managed bulk...
Egypt’s Engineering Exports Surge to Historic High in 4M 2024
In a remarkable achievement, Egypt’s engineering exports have witnessed an unprecedented surge, reaching a historic high of $1.673 billion during the first four months of...
Imdaad-Misr to Provide Comprehensive FM Services for Nine Cairo Projects
In a strategic collaboration, Imdaad-Misr, a regional subsidiary of the Dubai-based group of integrated Facilities Management (FM) companies, has signed a service agreement with Gates...
Navigating Complex Ties: Turkey’s Oil Exports to Israel Amid Gaza Tensions
Turkey’s stance on the Gaza conflict is under scrutiny as it continues to supply oil to Israel, despite publicly condemning the nation’s actions in the...
Golden Town’s Strategic Expansion: A Saudi-Egyptian Real Estate Venture
Golden Town Development, a Cairo-based real estate firm, has embarked on a strategic expansion by establishing a new venture with Saudi businessman Ahmed bin Abed...
Pakistan’s Strategic Economic Expansion: Welcoming Saudi Investment
In a significant stride towards economic revitalization, Pakistan has opened its doors to a delegation of Saudi investors, signaling a new era of business opportunities...
OpsGuru: A Beacon of Innovation Awarded Google Cloud Partner of the Year
OpsGuru, a trailblazing consulting firm, has been recognized as the Google Cloud Partner of the Year for Services in Israel, a testament to their unparalleled...
South Korean Consortium Secures Monumental $7.2 Billion Gas Plant Expansion in Saudi Arabia
In a landmark deal, South Korean firms Samsung E&A Co. and GS Engineering & Construction Corp. (GS E&C) have clinched a massive $7.2 billion contract...
A Reassessment of Energy Transition: Perspectives from Saudi Aramco’s CEO
In a world striving for sustainable energy solutions, Amin Nasser, CEO of Saudi Aramco, presents a contrarian view on the global energy transition. His recent...
Saudi Arabia’s Grand Slam: A $2 Billion Bid for Professional Tennis
In a bold move that could reshape the landscape of professional sports, Saudi Arabia’s Public Investment Fund (PIF) has reportedly put forth a staggering $2...
Egypt’s economy on the rise, says Morgan Stanley
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...