Arab Finance: The Egyptian pound has dropped to its lowest level ever against the USD since the March devaluation. At the Commercial International Bank Egypt (CIB), the EGP is now trading at 50.15 for ...

Arab Finance: Gold prices in the Egyptian market are forecast to go up by 4% by the end of 2024, Egyptian Supply Minister’s Advisor for Gold Affairs Naji Farag told Asharq Business. Speaking on the ...

Arab Finance: The Egyptian Exchange (EGX) closed Monday’s trading session in the red zone, with the benchmark EGX30 index down by 0.18% to 31,005.12 points. The Sharia-compliant index, EGX33 Shariah ...

Arab Finance: The Egyptian government is preparing to launch an ambitious export support program during the next fiscal year, in collaboration with the Ministry of Investment, Minister of Finance ...

Arab Finance: The General Authority of the Suez Canal Economic Zone (SCZone) has signed a cooperation agreement with the Petroleum Services Company for Safety and Environment (PetroSafe) to combat ...

Arab Finance: Egypt is exploring measures to enhance liquidity in its industrial sector through financial leasing as part of broader efforts to reduce reliance on imports and boost exports, Vice ...

Arab Finance: The Chairman of the General Authority for the Suez Canal Economic Zone (SCZone) Waleid Gamal El-Dein has laid the foundation stone for the Chinese company Henneway’s $50 million new ...

Arab Finance: The Egyptian government is planning to launch two initiatives to support promising activities in the private sector, Minister of Finance Ahmed Kouchouk revealed during the opening ...

Arab Finance: The political and economic situation in the Middle East is facing huge challenges, Egyptian tycoon Naguib Sawiris said during the second session of the 6th Annual Hapi Conference, citing ...

Arab Finance: Egypt Post purchased EGP 8.9 billion worth of shares in seven companies listed on the Egyptian Exchange (EGX) from the National Investment Bank (NIB), an unnamed government source in the ...

Arab Finance: The yield on Egyptian treasury bills (T-bills) reached new highs as the EGP continued its depreciation, exceeding EGP 50 per USD. On December 8th’s auction, the weighted average yield on ...

Arab Finance: Beltone Capital, a subsidiary of Beltone Holding, has signed a joint venture (JV) agreement with CRIF to launch a new entity that provides a holistic set of rating solutions in the ...