Arab Finance: Saudi Crown Prince Mohammed bin Salman has directed the Saudi Public Investment Fund (PIF) to pump $5 billion into Egypt as a first phase of investment, as per a cabinet statement. This ...

Arab Finance: The Egyptian government launched 543 new real estate projects in the country last year with initial investments worth $363 million, Asharq Business reported, citing Deputy Minister of ...

Arab Finance: Minister of Transport and Industry Kamel El-Wazir has inaugurated Heidelberg Materials Egypt’s waste heat recovery system at its Helwan Cement plant, which is worth $30 million in ...

Arab Finance: The value of the Egyptian state-owned Administrative Capital for Urban Development (ACUD) Company’s assets has reached EGP 1 trillion so far, driving the country’s economy, Chairman ...

Arab Finance: The Egyptian Exchange’s (EGX) indices closed Monday’s trading session in the red zone, with market capitalization at EGP 2.055 billion. The benchmark EGX30 index lost 0.78%, to close at ...

Arab Finance: REDCON Construction is currently implementing 10 projects in the North Coast, with total investments of EGP 15 billion, Chairman Tarek El Gamal told Asharq Business. El Gamal expects a ...

Arab Finance: The Egyptian real estate company Tatweer Misr is planning to launch its first real estate project in Saudi Arabia’s Riyadh, in partnership with Naif Alrajhi Investment, Tatweer’s CEO ...

Arab Finance: Egypt’s New Urban Communities Authority (NUCA) has approved providing the Saudi Dallah Albaraka Group a 500-feddan land plot in East Cairo in exchange for the land that was withdrawn ...

Arab Finance: Egypt’s wheat imports surged 40% year on year (YoY) in the first eight months of 2024, registering 10.1 million tons, Asharq Business reported. In 2023, the country’s total imports of ...

Arab Finance: Egypt's strategic wheat reserves have reached a supply of 6.1 months, as announced by the Minister of Supply and Internal Trade Sherif Farouk. This comes as part of the ministry's plan ...

Arab Finance: Misr Cement – Qena (MCQE) will distribute cash dividends worth EGP 0.5 per share to shareholders for 2023 in two installments, according to a filing. Worth EGP 0.25 per share, the first ...

Arab finance: The Commercial International Bank's (CIB) board has appointed Hisham Ezz Al-Arab as CEO and board member, succeeding Hussein Abaza, the bank stated. The board has also selected Amr ...