In a significant move, Egypt has raised domestic fuel prices by up to 15%, just days before the International Monetary Fund (IMF) is set to...
Orange Africa and Middle East Publishes “Seeds of Change” CSR Report
Orange Africa and Middle East (OMEA) has released its 2023 Corporate Social Responsibility (CSR) report titled “Seeds of Change.” This comprehensive report highlights the company’s...
Egypt Tops African Nations in Foreign Direct Investment in 2023
Egypt has emerged as the leading destination for foreign direct investment (FDI) in Africa for the second consecutive year in 2023. According to the United...
Egypt’s Central Bank Keeps Interest Rates Unchanged
In a recent decision, the Central Bank of Egypt (CBE) has opted to keep its key interest rates unchanged. This marks the second consecutive time...
E& Egypt to Boost Investments in Egypt by 40% in 2024
E& Egypt has announced plans to significantly increase its investments in the Egyptian market by 40% in 2024. This ambitious move is part of the...
Foreign Minister Praises BOI Office in Riyadh as Milestone in Thai-Saudi Economic Partnership
The recent inauguration of the Thailand Board of Investment (BOI) Office in Riyadh marks a significant milestone in the economic partnership between Thailand and Saudi...
Saudi Arabia Corporate Training Market Set to Achieve a Valuation of US$ 17.6+ Billion by 2030
The corporate training market in Saudi Arabia is on a remarkable growth trajectory, projected to reach a valuation of over US$ 17.6 billion by 2030....
Saudi Foreign Minister Receives French President’s Advisor for Middle East and North Africa
In a significant diplomatic engagement, Saudi Arabia’s Foreign Minister, Prince Faisal bin Farhan bin Abdullah, welcomed Anne-Claire Legendre, the Advisor to the President of the...
Egypt Lowers 2025 Wheat Self-Sufficiency Target to 51%
In a significant policy shift, Egypt has revised its wheat self-sufficiency target for the fiscal year ending in June 2025 to 51%. This adjustment comes...
IMF Reschedules Egypt Executive Board Meeting to Late July
The International Monetary Fund (IMF) has rescheduled its executive board meeting with Egypt to late July. Originally set for July 10, the meeting will now...
Cabinet Reshuffle: A New Chapter for Egypt’s Economy
Egypt’s President Abdel Fattah El Sisi has overseen a significant cabinet reshuffle, marking a new chapter for the country’s economy. The reshuffle, which took place...
Egypt’s New Government Seeks 4.2% Economic Growth in Next Three Years
Egypt’s Prime Minister Mostafa Madbouly has unveiled an ambitious plan for the country’s economic future, aiming for a 4.2% growth rate over the next three...
Al-Hokail Academy to Sell 29% Stake in Nomu IPO; Sets Price Range
Saudi Arabia’s Al-Hokail Academy has announced plans to sell a 29% stake in its company through an initial public offering (IPO) on the Nomu-Parallel Market....
Egypt Extends Working Week for Industrial Development Authority
In a significant move aimed at boosting industrial development, Egypt has extended the working week for the Industrial Development Authority (IDA) from five to six...
UK’s BII Eyes Investing Up to $200 Million in Egypt’s Financial Sector
The UK-based British International Investment (BII) is planning to invest between $100 million and $200 million in Egypt’s financial sector in 2024. This significant investment...
Egypt Aims to Attract $1 Billion in Turkish Investments Within 18 Months
Egypt is setting its sights on attracting $1 billion in new investments from Turkey over the next 18 months. This ambitious goal is part of...