Arab Finance: Egypt is working to raise its non-oil trade with Saudi Arabia by approximately 20% in 2025 to about $8.137 billion, versus its current target of $6.781 billion for end-2024, Head of the ...

Arab Finance: Egypt’s net foreign assets (NFAs) hit a surplus of EGP 498.697 billion in September, versus a deficit of EGP 828.733 billion in the same month last year, as per data from the Central ...

Arab Finance: ALEXBANK has appointed Paolo Vivona as Executive Member of the Board of Directors, Chief Executive Officer, and Managing Director and Antonio Bergalio as Executive Member of the Board of ...

Arab Finance: Siemens and Emirates Smart Solutions (ESS), a subsidiary of Etimad Holding Group in the UAE, have signed a contract for the renovation of the Esna Barrage and Lock in Luxor, as per an ...

Arab Finance: The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has introduced a new financing program targeting companies in Egypt’s solar energy sector, in partnership with the ...

Arab Finance: Prime Minister Mostafa Madbouly held a joint press conference with the International Monetary Fund's (IMF) Managing Director Kristalina Georgieva to discuss the future collaboration ...

Arab Finance: The New Urban Communities Authority (NUCA) and a consortium comprised China State Construction Engineering Corporation’s (CSCEC) umi and IGI Developments signed the management and ...

Arab Finance: Egypt's budget deficit declined to 2.12% of gross domestic product (GDP) during the first quarter (Q1) of the fiscal year (FY) 2024/2025, versus 3.26% of GDP in the same period a FY ...

Arab Finance: The Central Bank of Egypt (CBE) has instructed banks for the first time in two months to allocate dollars for letters of credit (LC) concerned with importing non-essential goods that ...

Arab Finance: The International Monetary Fund (IMF) is set to begin its fourth review of Egypt's economic reform program on Tuesday, November 5th, as announced by Prime Minister Mostafa Madbouly ...

Arab Finance: The Egyptian Minister of Petroleum and Mineral Resources has attended the 46th African Petroleum Producers Organization (APPO) Council of Ministers meeting in Yaoundé, Cameroon, as per a ...

Arab Finance: The Financial Regulatory Authority (FRA) has issued new regulations requiring insurance companies to regularize their operations in line with the recently implemented Unified Insurance ...