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 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: 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: 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: 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 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: Saudia Dairy & Foodstuff Company (SADAFCO) is reviving its expansion plans in Egypt following the resolution of the country's currency crisis and the reopening of letters of credit, ...

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: Abu Qir Fertilizers and Chemicals Company has become the first Egyptian fertilizer producer to integrate green hydrogen as a partial replacement for natural gas in its operations, as per ...

Arab Finance: Egypt is set to lease the Energos Eskimo, a floating storage and regasification unit (FSRU), by mid-2025, unnamed sources familiar with the matter told Bloomberg. The vessel will be ...

Arab Finance: The Egyptian government will unveil its initial public offering (IPO) plan for three to four companies affiliated with the Armed Forces next week, Prime Minister Mostafa Madbouly ...