Egypt's stock exchange (EGX) ended higher on Tuesday, with the main index, EGX30 inching up by 1.21 per cent, to 26429.69 points.
The small to mid-size enterprises' index, EGX70 advanced by 1.09 per cent, to 5859.87 points.
The index, EGX100 index (...)
Egypt's stock exchange (EGX) plans to launch a shariah-compliant index comprised of at least 30 listed companies by the end of the current quarter, said its chairman on Tuesday.
Speaking at a press conference in Cairo at the EGX headquarters, Ahmed (...)
Egyptian President Abdel Fattah al-Sisi issued a decree establishing a new international airport in Matrouh Governorate, the country's Official Gazette issue said on Tuesday.
The decree no. 152 of 2024 stipulates the allocation of state-owned lands (...)
Saudi Arabia's economy will contract by 0.2 per cent in 2024, said the Organisation for Economic Co-operation and Development (OECD) forecast on Thursday. However, the kingdom's economy is projected to grow by 4.1 per cent in 2025, OECD noted in its (...)
Argentina's economy is expected to contract by 3.3 per cent this year driven by hyperinflation, and sizeable fiscal adjustments, before growing by 2.7 per cent in 2025, said the Organisation for Economic Cooperation and Development (OECD) on (...)
Egypt, the UAE, and Saudi Arabia boast compelling investment pillars, with the North African country drawing around $10 billion investments, said an official in Freezoner on Tuesday.
"Egypt, the UAE, and Saudi Arabia exhibit pivotal qualities (...)
The British Egyptian Business Association (BEBA) has organised last week a special event in honour of Egypt's Minister of Communications and Information Technology (MCIT) Amr Talaat. The minister gave a keynote speech and then BEBA launched a panel (...)
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 (...)
The United Arab Emirates (UAE) had witnessed total foreign direct investment (FDIs) inflows of $23 billion in 2022, around 10 per cent year-on-year (YoY) growth, an IFZA official on Tuesday.
Mohamed Magdy, client relations manager at the UAE's (...)
Egypt has resumed onion exports to Saudi Arabia on April 1st, in conjunction with the start of the harvest season, its minister of agriculture said late on Sunday.
Since the beginning of this month, Minister El Sayyed El Quseir said Egypt had (...)
The private sector should make up at least 65 – 70 per cent of Egypt's economy, said Finance Minister Mohamed Maait during a panel discussion in Washington on Wednesday.
Speaking at of the International Monetary Fund's (IMF) Governor Talks series (...)
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The Information Technology Industry Development Agency (ITIDA), part of the Egyptian Ministry of Communications, has released a new report highlighting the most in-demand jobs in Egypt's ICT and offshoring sector.
Drawing insights (...)
Egypt's economy will grow by 3.0 per cent in 2024, slower than previously forecast, the International Monetary Fund (IMF) said in its upgraded World Economic Outlook on Tuesday.
The IMF also forecast Egypt's economic growth at 4.4 per cent in 2025 (...)
Egypt's central bank decided on Monday to increase the maximum amount of cash customers can withdraw in-branch from their bank accounts to 250,000 Egyptian pounds ($5155.78) from 150,000 pounds.
This is the second time for the Central Bank of Egypt (...)
Egypt's central bank decided on Monday to increase daily ATM withdrawals to 30,000 Egyptian pounds ($619.22) from 20,000 pounds.
In August 2022, the Central Bank of Egypt (CBE) scrapped ceilings on daily ATM withdrawals, increasing the withdrawal (...)
Egypt's economic growth is expected at 2.8 per cent in the 2024 financial year – which runs from July 2023 to June 2024, the World Bank said on Monday.
The growth outlook for 2024 was reduced from 3.5 per cent as forecast in January.
According to (...)
Egypt registered an initial budget surplus of 416 billion Egyptian pounds ($8.75 billion) in the first nine months of its 2023/2024 financial year, Finance Minister Mohamed Maait said in a statement released by the Cabinet on Monday.
"The Egyptian (...)
The Top 50 Women Forum on Tuesday congratulated Egyptian President Abdel Fattah al-Sisi on his inauguration for a new presidential term and firm commitment to continue building the new republic and achieving development goals across entire (...)
Bank of Israel Governor Amir Yaron has urged the government to realise the importance of "responsible" economic policy while dealing with current challenges of the war as the economy is facing significant challenges.
In a letter sent to the (...)
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The Egyptian healthcare sector, burgeoning with potential, offers a landscape rich in opportunities for investors, Minister of Health Khaled Abdel Ghaffar stated in a recent event organised by the British Egyptian Business (...)
The International Monetary Fund's (IMF) executive board has approved the the augmentation of the current loan programme with Egypt by $5 billion, the IMF said in a statement on Friday.
"The Executive Board of the International Monetary Fund (IMF) (...)
The People's Bank of China (PBC) announced on Monday that it had conducted 50 billion yuan (about US$7.04 billion) of seven-day reverse repos at an interest rate of 1.8 per cent.
The move aims "to maintain stable liquidity at quarter end" in the (...)
Evergrande liquidators said applications were made by each of the Company, SJ and Tianji to the US Court on Friday to withdraw Chapter 15 bankruptcy protection, Reuters reported on Sunday.
According to a filing to the Hong Kong Stock Exchange, (...)
Turkey's central bank has raised its key interest rate from 45 per cent to 50 per cent, citing the continuing need to counter climbing inflation in the country.
The bank's Monetary Policy Committee (MPC) decided to raise the policy rate (the (...)
The Swiss National Bank (SNB) has on Thursday cut its main interest rate by 25 basis points, the first-rate reduction made by the SNB in nine years.
This made the SNB the first major central bank to dial back tighter monetary policy to curb (...)