Egypt has secured $38.8bm in development financing and grants over the past four years through partnerships with multilateral and bilateral development partners, the Ministry of International Cooperation told the House of Representatives' Foreign (...)
Al Ahli Bank of Kuwait-Egypt (ABK-Egypt) net profit rose by 189 per cent to EGP 3.2 billion, up from EGP 1.1 billion in Q1 2023, the bank said in a statement on Monday.
The bank's net interest income also saw a 71 per cent increase, reaching EGP 1.4 (...)
Valu, a leading financial technology company in the Middle East and North Africa, announced Monday the successful closing of its ninth securitized bond issuance, valued at EGP 616.75m. This is part of an approved EGP 9bn securitization program.
The (...)
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 (...)
GCC initial public offerings (IPOs) raised $931m in the first quarter of 2024, a 73% decrease compared to the same period in 2023, according to a report by Kuwait Financial Centre "Markaz."
Saudi Arabia bucked the trend, leading the region with (...)
Contact Financial Holding, a premier provider of non-banking financial services in Egypt, has successfully concluded its first securitization bond issuance for the year 2024. The issuance, managed by Sarwa Securitization, comprises a consumer (...)
حرص الفنان تامر عاشور، ان يوجه رسالة لجمهور الكويت وذلك بعد حفلته الاخيرة وذلك من خلال حسابه الرسمي على موقع تبادل الصور والفيديوهات "إنستجرام".
ونشر عاشور صور له من الحفل وعلق عليها قائلًا: "Live From The Arena Kuwait May 2024 شكرا لجمهور الكويت (...)
The trade volume between Egypt and Kuwait reached $3 billion in 2023, down from $3.4 billion in 2022, as announced by the Central Agency for Public Mobilisation and Statistics (CAPMAS) on Tuesday, April 30, 2024.
Egypt's exports to Kuwait were $315 (...)
The World Gold Council has announced that Egyptian gold purchases fell by 17% in the first quarter (Q1) of 2024, reaching 13.2 tonnes. This is a decrease from the 15.8 tonnes purchased in Q1 2023 but an improvement over the 11.5 tonnes seen in Q4 (...)
US liquefied natural gas (LNG) exports experienced their fourth consecutive decline in April, dropping to 6.19 million metric tons from March's 7.61 million, according to preliminary data from financial firm LSEG reported by Reuters on Wednesday. (...)
In 2023, Egypt's primary exports to Kuwait included: electrical machinery and appliances ($65m), vegetables and fruits ($64m), prepared vegetables and fruits ($16.3m), essential oils ($15.1m), and ready-made garments ($13.5m).
The main commodities (...)
In a significant meeting held in Cairo on Tuesday, Egypt's President Abdel Fattah Al-Sisi conferred the prestigious Order of the Nile upon Sheikh Meshaal Al-Ahmad Al-Jaber Al-Sabah, the Emir of Kuwait. The leaders engaged in comprehensive (...)
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 (...)
The Arabian Kuwaiti Group is set to bolster its presence in the Egyptian market with a significant increase in investments, targeting the attraction of over 100,000 tourists annually to its flourishing tourism ventures.
Previously, the group (...)
Organized by the CFA Society Emirates in Abu Dhabi, and held Friday in Abu Dhabi, UAE, the 2024 MENA Research Challenge saw participation from ten universities across the region, including teams from Oman, UAE, Saudi Arabia, Bahrain, Lebanon, (...)
أعلنت الخطوط الجوية الكويتية في بيان، السبت، أنها قررت تحويل مسار جميع الرحلات القادمة والمغادرة بعيدا عن مناطق التوتر، مشيرة إلى أنه سيتم جدولة الرحلات وفقا لخط سيرها الجديد.
وأضافت في تدوينه عبر منصة «إكس»، أن هذا القرار اتخذ بالنظر إلى «الحالة (...)
Saudi Arabia aims to increase foreign direct investment (FDI) to $100 billion annually by 2030, a significant jump from the current average of $17 billion between 2017-2022, according to Bloomberg on Thursday.
Achieving this goal remains a challenge (...)
إليكم تردد قناة العربي الكويتية الجديد على النايل سات، فهي إحدى القنوات التابعة للتلفزيون الكويتي التي تتخصص في عرض البرامج الوثائقية والمنوعة، وفي هذا المقال سنتناول تردد قناة العربي الكويتية الفضائية وسنتطرق للمحة عنها وعن برامجها، فإليكم (...)
In the realm of Arab financial markets, the year 2023 witnessed remarkable developments. The annual report issued by the Union of Arab Securities Authorities highlighted several key points:
Stock Price Improvements
Traded stock prices in regional (...)
يستعد منتخب قطر لمواجهة قوية ومرتقبة أمام نظيره الكويتي، على ملعب علي صباح السالم، وذلك في إطار الجولة الرابعة للدور الثاني من مواجهات تصفيات كأس آسيا المؤهلة لكأس العالم 2026.
حقق منتخب قطر الفوز بثلاثية مساء الخميس الماضي على حساب نظيره الكويتي في (...)
Valu, a leading force in MENA's financial technology sector, has completed its eighth securitized bond issuance, valued at EGP 888m. This issuance contributes to the company's extensive programme, which is authorized up to EGP 9bn.
The bond, (...)
The market capitalisation of Arab stock exchanges witnessed an increase to approximately $4.54trn in February, up from around $4.4trn in January, as reported by the Arab Monetary Fund (AMF).
The AMF's February data, published on Thursday, indicated (...)
Egypt's stock exchange (EGX) closed all green on Thursday, with the main index, EGX30 surging by 0.98 per cent to 31,316.43 points.
The small to mid-size enterprises' index, EGX70 inched up by 1.84 per cent, to 6,884.72 points.
The index, EGX100 (...)
The Middle East, abundant in oil wealth, is on the brink of becoming the sole region boasting three trillion-dollar wealth funds.
According to Bloomberg News, Saudi Arabia recently shifted a $164 billion stake in its state-owned petroleum and (...)
Gulf's stock markets reacted mixed to US Federal Reserve Chair Jerome Powell's remarks on monetary policy, Reuters reported on Thursday.
Egypt's stock market soared to a record high following the IMF deal.
Powell expressed uncertainty about (...)