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: 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: 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: 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 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: 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: 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: 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.

Arab Finance: Cheiron is seeking to produce 70 million cubic feet of natural gas per day from Egypt’s West Burullus concession in the Mediterranean by July, an unnamed government official told Asharq ...