Arab Finance: The Egyptian Exchange (EGX) closed Monday’s trading session in the red zone after the EGX30 index retreated by 0.84% to 3,0118.38 points. Likewise, the Sharia-compliant index, EGX33 ...

Arab Finance: The Central Bank of Egypt (CBE) has officially launched a new service that enables instant money transfers to Egypt from anywhere in the world, available at any time, seven days a week.

Arab Finance: El Zahy Group, a local player in the construction sector, has signed a syndicated loan agreement worth EGP 4.2 billion with the National Bank of Egypt (NBE), Banque Misr, and QNB Egypt, ...

Arab Finance: The Suez Canal Economic Zone (SCZone) has inked an $8.8 million contract with the Turkish firm Denim Rise to establish a ready-made clothing manufacturing facility in the Qantara West ...

Arab Finance: Sherif El-Sherbini, Egypt's Minister of Housing, Utilities, and Urban Communities, inspected the progress of construction works at SODIC’s The Estates project in New Zayed City, ...

Arab Finance: Telecom Egypt and China Mobile International (CMI) signed a strategic commercial agreement to accelerate digital economy development, according to a press release. The two parties will ...

Arab Finance: The European Bank for Reconstruction and Development (EBRD) has approved a $275 million syndicated loan for a 1.1 GW wind farm project in the Gulf of Suez, developed by Saudi-based ACWA ...

Arab Finance: Gold Era Egypt, a producer of gold bars and coins, is set to begin operations at its new EGP 1 billion gold manufacturing facility in the first quarter (Q1) of 2025, an unnamed source ...

Arab Finance: The Egyptian pound has extended its decline against the US dollar on December 23rd, hitting a new record low. At the Commercial International Bank Egypt (CIB), the EGP is now trading at ...

Arab Finance: Talaat Moustafa Group Holding's (TMG Holding) total sales exceeded EGP 0.5 trillion (nearly $10 billion) as of December 22 nd 2024, according to a bourse statement. TMG Holding is the ...

Arab Finance: The Egyptian government has so far paid about EGP 5.5 billion in compensation to residents of the Ras El-Hekma area, according to a statement. This update came during a meeting led by ...

Arab Finance: Garnet Developments has signed a cooperation agreement with Raya Smart Buildings to launch Flare Plaza project with a total investment of EGP 2 billion, according to a press release.