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Egyptian Bourse's Market Capital Exceeds EGP 1.1 Trillion for First Time
Egypt >> 1/29/2023 - For the first time in its history, the Egyptian Exchange (EGX) market capital exceeded on Sunday EGP 1.1 trillion prompted by strong activities of major stocks in the banking, communications, real est...
KEZAD CEO Highlights Growing Demand for Integrated Industrial, Trade Centres in Abu Dhabi
United Arab Emirates >> 1/30/2023 - Mohamed Al Khadar Al Ahmed, CEO of the Khalifa Economic Zones Abu Dhabi (KEZAD) Group, has stated that the economic cities and free zones of the Abu Dhabi Ports Group have helped achieve record result...
AED 3.7 Billion Net Profit for Mashreq Bank in 2022
United Arab Emirates >> 1/30/2023 -  Mashreq, a leading financial institution in the Middle East and North Africa, reported its financial results for the year ending December 31, 2022.

The bank's operating profit was AED 4.4...
Egypt Released 135,000 Tons of Corn, Soy Fodder Worth $91 Million from Ports Last Week: Minister
Egypt >> 1/30/2023 - Egypt's Ministry of Agriculture and Land Reclamation, in cooperation with the Central Bank of Egypt (CBE), has secured over the past week the release from ports of 135,000 tons of corn and soy fodder ...
Dubai’s Dhow Trade Sees Robust 12% Growth in 2022
United Arab Emirates >> 2/1/2023 - The Marine Agency for Wooden Dhows, established in 2020 by Dubai’s Ports, Customs and Free Zone Corporation (PCFC), facilitated the entry of more than 10,500 wooden dhows during 2022, reflecting a 12 ...
US Dollar Stabilizes at Beginning of Trading Wednesday
Egypt >> 2/1/2023 - The US dollar price stabilized at the beginning of trading, Wednesday, February 1, in banks, after its last rise against the pound at the Central Bank of Egypt, hitting LE30.15 for purchase and LE30.2...
Egypt’s Central Bank to Review Key Interest Rates on Thursday, The First Under IMF Loan Deal
Egypt >> 2/2/2023 - The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene, the first meeting in 2023, to review the key interest rates in light of the recent updates in the countr...
Dollar Exchange Rate Stable Thursday Morning
Egypt >> 2/2/2023 - The dollar and euro exchange rates to the EGP were stable at the beginning of transactions at Egypt's major banks, with the dollar recording an average of EGP 30.2 and the euro registering EGP 33.2.
Borouge Reports $1.4 Billion Net Profit During 2022
United Arab Emirates >> 2/2/2023 - Borouge today announced its financial results for the twelve-month and three-month periods ended 31st December 2022, with strong year-on-year growth in sales volumes driving healthy revenue growth.
Saudi, Bahraini Central Banks Raise Interests in Line With US Fed's Rate Hike
United Arab Emirates >> 2/2/2023 - The central banks of Saudi Arabia and Bahrain increased their interest rates after the US Federal Reserve raised its target interest rate by a quarter of a percentage point on .

The Saudi C...
US Fed raises interest rates by 25 basis point
United Arab Emirates >> 2/2/2023 - The US Federal Reserve raised its target interest rate by a quarter of a percentage point .

"Inflation has eased somewhat but remains elevated," the US central bank said in a statement.
Dollar Prices Stable at Egypt's Major Banks at Early Monday's Transactions
Egypt >> 2/2/2023 - The dollar exchange rate was stable at the beginning of transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 24.66 for b...
Al Tor Port Receives 1st Oil Rig for Maintenance Operations
Egypt >> 2/5/2023 - Head of the Suez Canal Economic Zone Walid Gamaleddin said that a special plan has been laid out to re-operate Al Tor Port through an agreement with a company working in the oil exploration domain in ...
Dubai Receives 14.36 Million International Visitors in 2022
United Arab Emirates >> 2/5/2023 -  Dubai received 14.36 million international overnight visitors in 2022, growing 97 per cent YoY from the 7.28 million tourist arrivals in 2021, according to the latest data published by Dubai’s Depart...
Minister of Military Production Conferred With Romanian Minister of Economy
Egypt >> 2/6/2023 - Minister of Military Production Mohamed Salah El-Din conferred with Romanian Minister of Economy Florin Spataru on means of bolstering joint cooperation.

During the meeting, Salah El-Din as...
Arab African International Bank Raises Interest on Certificates of Deposit
Egypt >> 2/6/2023 - The Arab African International Bank announced raising the interest rate on certificates of deposits to become the highest in the banking market, after 25 percent CDs were suspended in most banks to at...
Egypt, Russia Sign Agreement to Establish Railway Factory
Egypt >> 2/6/2023 - Egypt and Russia have signed their largest economic deal in its history, coming to establish a workshop for the maintenance and overhaul of Russian train coaches of all kinds to prepare to establish a...
CBE: US$ 4.1 Billion in Tourism Revenues During The First Quarter
Egypt >> 2/6/2023 - The Central Bank of Egypt revealed, in the Balance of Payments report, that tourism revenues rose by 43.5 percent to record US$ 4.1 billion compared to US$ 2.8 billion during the same of last year.
Dubai Records Over AED1.4 Bn in Realty Transactions Monday
United Arab Emirates >> 2/6/2023 - Dubai real estate market recorded 490 sales transactions worth AED1.17 billion, in addition to 86 mortgage deals of AED177.94 million, and 15 gift deals amounting to AED55.81 million, data released by...
Aldar Unveils 'Manarat Living' in Saadiyat Island
United Arab Emirates >> 2/6/2023 -  Aldar Properties unveiled today ‘Manarat Living’, a boutique residential development in Abu Dhabi’s cultural district on Saadiyat Island.

The development will feature 273 homes located clo...

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