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: 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 four telecommunication companies operating in Egypt have signed new agreements to improve the quality of services across the country, the Egyptian Ministry of Communication and ...

Arab Finance: The ordinary general meeting (OGM) of Mohandes Insurance (MOIN) agreed to increase the issued capital to EGP 500 million from EGP 350 million, according to a bourse statement. The ...

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 first well in the North Cleopatra and North Marina fields is expected to be put into production during the current fiscal year (FY) 2024/2025, as per a statement from the Egyptian ...

Arab Finance: Foundever, a global leader in customer experience (CX) solutions, is planning to expand its operations in Egypt, creating 5,000 new jobs over the next four years, as per an emailed press ...

Arab Finance: The Egyptian Exchange’s (EGX) indices showed an upward trend on Thursday, with market capitalization hitting EGP 2.270 trillion. Trading volume amounted to 1.423 billion shares exchanged ...

Arab Finance: The National Telecom Regulatory Authority (NTRA) has officially launched the eSIM technology in Egypt, following the completion of necessary technical tests by the country’s four mobile ...

Arab Finance: Telecom Egypt (WE) has introduced a price hike for both home internet services and recharge cards, which came into effect starting Friday, December 6th. The company revealed that the ...

Arab Finance: Elsewedy University of Technology (SUT) - Polytechnic of Egypt - has forged a strategic partnership with Texas International Education Consortium (TIEC) and Texas A&M University (TAMU), ...

Arab Finance: ExxonMobil is set to commence offshore gas drilling in the North Marakia concession in Egypt’s western Mediterranean on December 15th, as per a statement issued by the Egyptian Ministry ...