Al Ahli Bank of Kuwait Egypt, known as ABK Egypt, has renewed its bancassurance partnership with MetLife Egypt for another seven years. This move extends...
Dollar and Euro Surge Against Egyptian Pound
The U.S. dollar and euro climbed higher against the Egyptian pound in Wednesday's late trading at major banks in Egypt. This midweek surge, seen on...
Middle East Construction Hits Slowdown in 2025
The Middle East construction sector faces a notable slowdown in 2025, with contract awards dropping 39 percent in the Gulf Cooperation Council during the first...
Middle East Construction Hits Slowdown in 2025
The Middle East construction sector faces a notable slowdown in 2025, with contract awards in the Gulf Cooperation Council dropping 39 percent in the first...
Flynas $1.1B IPO Marks Saudi Aviation Milestone
Saudi Arabia's low-cost airline flynas has made history with its $1.1 billion initial public offering, becoming the first carrier to list on the kingdom's stock...
Egypt Extends Israel Gas Deal to 2040
Egypt has extended its natural gas import agreement with Israel's NewMed Energy, boosting supplies from the Leviathan field until 2040 in a $35 billion deal....
Egypt PM Defends State Land Investment Push
Egyptian Prime Minister Mostafa Madbouly strongly defended the government's strategy to partner with private investors on unused state-owned lands during a cabinet meeting on August...
Middle East’s Digital Identity Boom Gains Speed as Gulf Nations Push New Mandates
The region’s rapid tech upgrades are sparking a flurry of partnerships and investments, with biometrics and soft tokens taking center stage. As the Middle East...
EFG Hermes Sees 34% Revenue Drop in Q1 Amid Absence of Last Year’s Foreign Currency Boost
Egypt’s top financial services firm EFG Hermes posted a notable dip in its first-quarter revenue this year, falling 34% compared to the same period in...
Egypt Boosts Railway Localization with NERIC Joint Financing Deal
Egypt is making significant strides in localizing its railway manufacturing capabilities. Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir,...
Egyptian Pound Plunges Past 50 USD, Goldman Sachs Predicts Bounce Back in 2025
The Egyptian pound has taken a significant hit, falling below the 50-per-dollar mark this week. This drop marks the sixth consecutive week of decline, shaking...
Saudi Zahid Group Eyes $1.3 Billion Acquisition of South African Barloworld
Saudi Zahid Group, along with Gulf Falcon Holding Ltd. and Entsha Ltd., has put forth an offer to purchase Barloworld Ltd., a key South African...
Cambodian and Saudi Legislatures Forge Stronger Bilateral Ties
Cambodia and Saudi Arabia are set to enhance their diplomatic and economic relationships following a high-level visit by Cambodia’s Senate President to Riyadh. Strengthening Diplomatic...
Central Bank of Egypt Accelerates Cashless Shift with Instant Remittance Services
The Central Bank of Egypt (CBE) is shaking things up. They've just greenlit several banks to offer instant inbound remittance transactions through the Instant Payment...
Egypt and Iraq in Talks Over $500 Million Railway Renovation Projects
Egypt’s Holding Company for Roads, Bridges, and Land Transportation Projects is in discussions with the Iraqi government regarding the modernization of Iraq’s railway network. The...
Egypt and Chinese Company New Hope Discuss $100 Million Feed Factory Investment
A landmark meeting between Egypt’s Minister of Local Development Manal Awad and representatives from Chinese company New Hope has outlined plans for a $100 million...