In 2024, the Egyptian economy faced significant challenges, largely due to the ongoing war in Gaza and heightened tensions in the Red Sea. The disruption of navigation in the Suez Canal and halting of ...

Arab Finance: The World Bank expects Egypt’s real gross domestic product (GDP) growth for fiscal year (FY) 2024/2025 to hit 3.5% and 4.2% in FY2025/26, according to the financial institution’s Global ...

Arab Finance: The Egyptian Exchange (EGX) ended Thursday’s trading session higher, with the market capitalization standing at EGP 2.196 trillion. EGX’s turnover hit EGP 3.690 billion through the ...

Arab Finance: The International Monetary Fund (IMF) has cut its forecast for Egypt's real gross domestic product (GDP) growth by 0.5% and 1% for the current and next fiscal years (FYs) 2024/2025 and ...

Arab Finance: Taly has signed a memorandum of understanding (MoUs) with Just2Pay to support digital transformation in Egypt’s payment operations by boosting technological integration and delivering ...

Arab Finance: PARAGON Developments has won the “Administrative Project of the Year” award for its flagship project, PARAGON 1, as per a press release. The real estate developer has been awarded at the ...

Arab Finance: Egypt’s Ministry of Investment and Foreign Trade hosted an extensive meeting to launch the Arabic version of the Guidelines for Multinational Enterprises on Responsible Business Conduct, ...

Arab Finance: Minister of Investment and Foreign Trade Hassan El-Khatib reviewed the latest developments of BSH Egypt’s project in the 10th of Ramadan City, according to an official statement. During ...

Arab Finance: Egypt is seeking to benefit from German technologies and industrial expertise in developing the local industry, Minister of Investment and Foreign Trade Hassan El-Khatib stated. During ...

Arab Finance: Organi Group is seeking to raise its investment in the automotive and tourism sectors to $1 billion within the next five years, the group’s CEO Essam Al Organi told Asharq Business.

Arab Finance: Hassan El-Khatib, Minister of Investment and Foreign Trade, met with the heads of Prometoen Tyre Group Egypt and CNRC China to discuss investment opportunities in the Egyptian tire ...

Arab Finance: Minister of Investment and Foreign Trade Hassan El-Khatib appointed four new assistant ministers, as per an official statement. The new appointments aim at fostering the investment ...