In a move aimed at enhancing customer convenience, Egypt’s Town Gas has entered into strategic partnerships with Banque Misr and Souhoola. These collaborations will allow...
Egypt Strengthens Global Energy Ties with Four Strategic MoUs at Mediterranean Offshore Conference
Egypt has taken significant strides in expanding its oil and gas cooperation by signing four memorandums of understanding (MoUs) with international companies. Announced by Minister...
Apache to Enhance Egypt’s Gas Production by 11% in FY2024/25
Apache Corporation is set to significantly increase its natural gas output in Egypt, marking a pivotal move in the nation's energy sector. The American oil...
Tamkeen Sets Final IPO Price, Eyes $105 Million Capital Raise on Tadawul
Saudi Arabia's Tamkeen Human Resources Co. has finalized the offer price for its initial public offering (IPO) on the Saudi Exchange (Tadawul), setting the stage...
Saudi Arabia Sees Record Surge in Local Employment with 364,000 New Saudis Entering Workforce
In a significant stride towards economic diversification, Saudi Arabia has welcomed 364,000 Saudi citizens into the local employment market for the first time in 2024....
Egypt Anticipates $1.6 Billion in Fuel Savings Following Price Hike
Egypt is set to realize significant financial benefits from recent adjustments in fuel prices. The government projects fuel savings of approximately EGP 80 billion by...
Japan-Egypt Alliance Shines as Grand Egyptian Museum Opens Trial Exhibition
Cairo's Grand Egyptian Museum has proudly opened its permanent exhibition to the public on a trial basis, showcasing an impressive collection of over 10,000 ancient...
Egypt Keeps Key Interest Rates Steady Amid Global and Domestic Uncertainty
In a move reflecting caution amidst global and domestic economic conditions, Egypt's Central Bank has announced that it will keep its key interest rates unchanged....
Saudi Investments in Egypt Poised to Reach $50 Billion with New Agreements
Saudi Arabia is ramping up its investment footprint in Egypt, targeting a substantial increase in private sector funding. Following Crown Prince Mohammed bin Salman’s recent...
Egypt and Saudi Arabia Strengthen Economic Ties with New Investment Agreement
In a significant move to bolster economic cooperation, Egypt and Saudi Arabia have signed a comprehensive agreement aimed at promoting and protecting mutual investments. The...
Waja to Launch $18.7 Million Sukuk Offering in Saudi Market
Saudi Arabia’s multi-sector powerhouse, Waja, is set to bolster its financial portfolio with the issuance of sukuk worth SAR 70 million ($18.7 million). This strategic...
Unveiling the Mysteries of the Afterlife: New Insights into Egypt’s Duat
Ancient Egypt has long fascinated scholars and enthusiasts alike, especially its intricate beliefs surrounding the afterlife. A recent scholarly work by Silvia Zago delves deep...
Egypt Aims to Amplify Concessional Financing from Global Development Banks
Egypt is taking strategic steps to enhance its economic stability by seeking to increase concessional financing from development banks and international partners. Minister of Finance...
Faisal Islamic Bank Egypt Achieves Remarkable Profit Surge in 2024
Faisal Islamic Bank of Egypt (FAIT) has reported an extraordinary increase in its financial performance for the first nine months of 2024. The bank's net...
Saudi Arabia Introduces Expat Insurance to Safeguard Against Financial Defaults
Saudi Arabia has unveiled a new insurance initiative aimed at protecting expatriate workers from financial uncertainties. The Ministry of Human Resources and Social Development, in...
Egyptian Banking Sector Shows Strong Financial Indicators, Surpassing Regulatory Benchmarks: CBE
The Central Bank of Egypt (CBE) has reported that the Egyptian banking sector continues to demonstrate robust financial health, consistently surpassing regulatory benchmarks. According to...