The Egyptian Pound (EGP) experienced a slight decline against the US Dollar (USD) at the market open on Thursday, May 16, 2024.
The National Bank of Egypt, Banque Misr, and Banque du Caire set their exchange rates at EGP 46.84 for buying and EGP (...)
Prime Minister Mostafa Madbouly presided over the signing ceremony of a land receipt record for a monumental wind energy project west of Sohag. This initiative, boasting a capacity of 10 gigawatts, is propelled by foreign direct investments (FDIs) (...)
Abu Dhabi investor Lunate Capital is set to introduce an exchange-traded fund (ETF) that tracks Japanese equities, as per the firm's announcement on Thursday, according to Reuters.
The ETF, named Chimera S&P Japan UCITS ETF, marks their third ETF (...)
Egypt's New and Renewable Energy Authority (NREA) signed site receipt protocol on Wednesday for a massive 10-gigawatt wind power plant project in West Sohag, worth $10 billion in foreign direct investments (FDIs), the Cabinet announced.
The project (...)
Egypt has received a $14bn second tranche of the Ras El-Hekma development deal from the United Arab Emirates (UAE), Prime Minister Mostafa Madbouly announced on Wednesday.
In addition to the $14bn, the UAE has agreed to relinquish a $6bn deposit at (...)
The Egyptian Pound (EGP) slightly fell against the US Dollar (USD) at the market open on May 15, 2024.
The National Bank of Egypt, Banque Misr, and the Commercial International Bank (CIB) set their rates at EGP 47.02 and EGP 47.12.
Meanwhile, QNB (...)
The Egyptian pound (EGP) witnessed slight fluctuations against the US Dollar (USD) during the midday trading on Tuesday, May 14, 2024, as of 12:03 pm (09:03 GMT).
The National Bank of Egypt (NBE), Banque Misr, the Commercial International Bank (...)
Egypt's Minister of Health and Population, Khaled Abdel Ghaffar, held a meeting with Chairman of the Board of Directors of AstraZeneca, Michel Demarai, to discuss joint cooperation in the health sector.
This came on Tuesday on the sidelines of the (...)
In the context of the "Abu Dhabi International Healthcare Week" in the UAE, Egypt's Health Minister, Khaled Abdel Ghaffar, engaged in productive talks with his Greek counterpart, Adonis Georgiadis. The dialogue centred on enhancing healthcare (...)
The Egyptian Pound (EGP) saw fluctuations against the US Dollar (USD) at the market open on Monday, May 13, 2024.
The National Bank of Egypt and Banque Misr adjusted their rates to EGP 47.23 and EGP 47.33, respectively.
Meanwhile, The Commercial (...)
The Abu Dhabi-based Mubadala Energy, overseeing the South Andaman Gross Split PSC, announced a significant gas find from the Tangkulo-1 Exploration well in South Andaman, offshore North Sumatra, Indonesia, according to Emirates News Agency (...)
The Egyptian Pound (EGP) experienced a downturn against the US Dollar (USD) at the market open on Sunday, May 12, 2024.
The National Bank of Egypt, the Arab African International Bank, Faisal Islamic Bank of Egypt, and the United Bank established (...)
German utility company EnBW announced the signing of a 15-year liquefied natural gas (LNG) contract with Abu Dhabi National Oil Company (ADNOC), Reuters reported on Wednesday.
This agreement comes as Europe increases its LNG imports following (...)
The head of Saudi Arabia's new $100 billion tech investment fund, Alat, signaled a willingness to divest China if pressured by the US, said CEO of Alat Amit Midha in a Bloomberg interview on Wednesday.
This statement comes amidst ongoing talks (...)
The Egyptian Pound (EGP) remained stable against the US Dollar (USD) on Tuesday, May 7, 2024.
The National Bank of Egypt, Banque Misr, Banque du Caire, and the Commercial International Bank (CIB) chose to keep their rates unchanged at EGP 47.9 and (...)
The net foreign assets deficit in Egypt's banking sector decreased to $4.2bn in March 2024, down from $21.9bn in February, marking a significant reduction of approximately $17.7bn. This change is attributed to the varying dollar selling prices: EGP (...)
The Egyptian Pound (EGP) underwent variations against the US Dollar (USD) on Wednesday, May 1, 2024, prompting a wave of rate adjustments across various banks.
The National Bank of Egypt and Banque Misr maintained their rates at EGP 47.87 and EGP (...)
The Egyptian Pound (EGP) experienced a downturn against the US Dollar (USD) in early trading on Tuesday, April 30, 2024, leading to a series of rate modifications across several banks.
The National Bank of Egypt and Banque Misr held their rates (...)
A rare joint economic commission between the United Arab Emirates and Iran will convene in Abu Dhabi from Tuesday to Wednesday, according to Reuters citing The Iranian Labour News Agency. This marks the first meeting in a decade for the bilateral (...)
Saudi Arabia, the leading oil exporter, is contemplating raising prices for most of its crude grades sold to Asia in June. This potential increase would mark the highest levels in five months, following the strengthening of Middle East benchmarks (...)
Siemens Mobility, in collaboration with its consortium partner Hassan Allam Construction, proudly announces the award of the Abu Dhabi–Sohar Design and Build Railway Systems and Integration contract by Oman–Etihad Rail. This joint venture, co-owned (...)
Stock markets across the Gulf region opened higher on Monday, buoyed by positive corporate earnings reports, as reported by Reuters.
However, investor optimism remained cautious as they awaited the upcoming US Federal Reserve policy meeting later (...)
The Egyptian Pound (EGP) saw a decline against the US Dollar (USD) in early trading on Monday, April 29, 2024, prompting a wave of rate changes across various banks.
The National Bank of Egypt, Banque Misr, Banque du Caire, and the Commercial (...)
The IMF said that the first and second reviews were delayed due to policy slippages and a return to a fixed exchange rate in February 2023, which undermined the credibility of Egypt's announced shift to a flexible regime. This reversal led to (...)
The Egyptian Pound (EGP) experienced a dip against the US Dollar (USD) in early market activity on Wednesday, April 24, 2024, leading to a series of rate adjustments by various banks.
The National Bank of Egypt, Banque Misr, Faisal Islamic Bank, and (...)