The trade volume between Egypt and Arab countries reached $26 billion in 2023, down from $29.5 billion in 2022. Egypt's exports to Arab countries increased to $13.6 billion in 2023 down from $12.5 billion in 2022, while imports fell to $12.4 billion (...)
Shell Egypt recently held a discovery session to prepare Egyptian university students for the Shell Eco-marathon (SEM) competition, which will make its debut in Qatar in 2025.
The SEM is a global challenge where student teams design, build, and test (...)
The Egyptian Pound (EGP) was stable against US dollar in most banks, while it nudged down slightly in some banks in early Thursday trade.
The USD exchange rate was stable at the National Bank of Egypt, Bank Du Caire, United Bank, Arab African (...)
Egypt has expressed concern over the potential humanitarian impact of a possible Israeli military operation in the Palestinian Rafah area, located south of the Gaza Strip. The warning highlights the significant humanitarian risks that could affect (...)
The African and Middle East Depository Association's (AMEDA) 39th Annual Forum concluded on May 2nd, 2024, in Doha, Qatar. The forum's theme was "Artificial intelligence, sustainability, and data security". It proposed ten critical recommendations (...)
جددت الدوحة، نفيها صحة التقارير الأمريكية عن علاقتها المزعومة بشأن ما تشهده الجامعات الأمريكية من احتجاجات تضامنًا مع الشعب الفلسطيني.
وقال الملحق الإعلامي في السفارة القطرية بواشنطن علي الأنصاري إن نشر معلومات مضللة في هذا الشأن "أمر غير مسؤول (...)
In the context of the "Qatar Goals 2024" conference in Doha, Qatar, Egypt's Minister of Health and Population, Khaled Abdel Ghaffar, engaged in strategic discussions with a delegation from Johnson & Johnson. The delegation included Noam Jamshed, (...)
Africa and Middle East Depositories Association (AMEDA) is gearing up for its 39th Annual Forum, as it will take place in Doha, Qatar on May 1-2.
The theme of this year's meeting focuses on the growing use of artificial intelligence (AI) at central (...)
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 (...)
Main Marks Developments has entered into a strategic cooperation agreement with Misr Company for Property Investment and Project Management. The agreement pertains to the commercial section of the MORAY project under the usufruct system. (...)
Turkey and US energy giant ExxonMobil are in talks to explore a significant deal aimed at purchasing liquefied natural gas (LNG), as part of its strategy to reduce reliance on Russian energy , Reuters reported citing the Financial Times.
Alparslan (...)
Venture Global LNG Inc. is poised to initiate operations at its second liquefied natural gas (LNG) export site in Louisiana by mid-2024, solidifying the United States' position as the leading global provider of this super-chilled fuel, Bloomberg (...)
Russia is actively working to eliminate international barriers hindering its food and agricultural exports, Deputy Foreign Minister Sergey Vershinin said, as reported by TASS on Wednesday.
He emphasised the ongoing validity of the memorandum between (...)
Shell, TotalEnergies, and Mitsui & Co. are in discussions to invest in Abu Dhabi National Oil Co.'s (ADNOC) upcoming LNG export project in the UAE. A final investment decision on the project could happen as soon as next month.
According to sources (...)
Stock markets across the Gulf region staged a partial recovery in Monday's early trading, clawing back some of the losses incurred last week as worries over a wider Middle East conflict subsided, Reuters reported.
Saudi Arabia's benchmark index, the (...)
Rania Al-Mashat, Egypt's Minister of International Cooperation and Governor for the World Bank Group, participated in two key events during the spring meetings of the International Monetary Fund (IMF) and the World Bank.
The first event marked the (...)
Gulf stock markets experienced a notable rebound on Thursday after recent losses, Reuters reported. Investors breathed a sigh of relief as key indices surged, signaling a potential recovery from the downturn.
Saudi Arabia's main index, the TASI, (...)
Stock markets across the Gulf opened cautiously on Tuesday, mirroring a broader Asian sell-off, according to Reuters. The primary driver of the subdued sentiment was stronger-than-expected US retail sales data for March.
Saudi Arabia's benchmark (...)
Gulf markets were mixed on Monday following Iran's attack on Israel, raising concerns about a broader regional conflict, as reported by Reuters.
Saudi Arabia's benchmark index edged up by 0.2 per cent, with gains in ACWA Power and Saudi Basic (...)
Iran warned that it would escalate its military response if Israel or the US retaliated for the recent Iranian strike on Israel. The strike, conducted on Saturday night, utilised over 300 drones and missiles, marking Iran's first direct attack on (...)
In a significant meeting on Sunday, Egypt's President Abdel Fattah Al-Sisi convened with William Burns, the Director of the U.S. Central Intelligence Agency (CIA), and Abbas Kamel, the Director of the Egyptian General Intelligence Service (GIS).
The (...)
Gulf stock markets rose at early trade of Thursday on optimism about potential US interest rate cuts, despite uncertainty about the timing, Reuters reported.
Lower growth in the US services industry and Federal Reserve Chair Jerome Powell's comments (...)
The Hebrew newspaper Haaretz reported on Wednesday estimates from sources familiar with the details of the indirect negotiations between Hamas and Israel, that Hamas will respond to the updated proposal for the deal within two days.
According to the (...)
Gulf stock markets went mostly down in early trade on Wednesday, as investors assessed the possibility of the US Federal Reserve delaying interest rate cuts, while the Saudi index saw an increase, Reuters reported.
Recent strong US economic data has (...)
Gulf stock markets rose in early trading on Tuesday, driven by expectations of increased oil demand in China and the US amid rising tensions in the Middle East, as reported by Reuters on Tuesday.
Saudi Arabia's benchmark index advanced 0.2 per cent, (...)