Arab Finance: Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir met with representatives of the Polish furniture manufacturer Padma to discuss the ...

Arab Finance: Fujifilm Middle East and Africa has officially opened a new office in New Cairo, marking a key step in expanding its footprint in Egypt and the wider region, according to an emailed ...

Arab Finance: Egypt’s net foreign assets (NFAs) hit a surplus of EGP 473.224 billion in August, versus a deficit of EGP 801.269 billion in the same month last year, as per data from the Central Bank ...

Arab Finance: The Head of the Egyptian Tax Authority (ETA) Rasha Abdel Aal has signed the BRICS Framework Agreement for Cooperation on Tax Fields in Moscow, marking Egypt’s commitment to enhancing its ...

Arab Finance: The Egyptian Exchange’s (EGX) indices have closed Wednesday’s trading session in the red territory, with the market capitalization at EGP 2.172 trillion. Today’s trading saw 1.058 ...

Arab Finance: Egypt's cabinet approved an indicative price for wheat for the 2024/2025 season, as per a statement. The price has been set at EGP 2,200 per ardeb for 23.5-grade wheat, EGP 2,150 for ...

Arab Finance: Speed Medical Company (SPMD) reported a 4.17% year-on-year (YoY) drop in its consolidated net losses after tax and non-controlling interest in the first half (H1) of 2024, incurring EGP ...

Arab Finance: The fourth review of Egypt's program with the International Monetary Fund (IMF) has been postponed to November 1st, following the conclusion of the fund's annual meetings in Washington, ...

Arab Finance: The Egyptian government, in partnership with the United Nations (UN) and the European Union (EU), has launched a Joint UN Program aimed at providing essential health and education ...

Arab Finance: The Commercial International Bank (CIB) has signed a $150 million loan facility with the International Finance Corporation (IFC), according to a recent disclosure. The loan qualifies as ...

Arab Finance: Palm Hills Development Company’s (PHDC) board of directors has decided to acquire businessman Yassin Mansour’s stake of 29.59% or 216.112 million shares in Taaleem Management Services ...

Arab Finance: Prime Minister Mostafa Madbouly held a meeting with officials from Stellantis Automotive Group to discuss the company’s future expansion plans in Egypt, as per a statement. The ...