Thursday 14 Nov

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Neom to issue Riyal-denominated sukuk to fund mega projects
2024/04/18

Neom to issue Riyal-denominated sukuk to fund mega projects

In an unprecedented move, Saudi Arabia's Neom megaproject city is set to issue riyal-denominated sukuk (Islamic bonds) in the financial markets later this year which...

Lifting Ban on Strawberry Exports to Canada
2024/04/18

Lifting Ban on Strawberry Exports to Canada

Minister of Trade and Industry Engineer Ahmed Samir declared that the Egyptian Commercial Office in Ottawa has successfully lifted the ban on Egyptian strawberry exports...

Maeet in Washington: Ras El Hekma deal result of structural reforms, investment incentives
2024/04/18

Maeet in Washington: Ras El Hekma deal result of structural reforms, investment incentives

Minister of Finance Dr. Mohamed Maeet affirmed that the New Administrative Capital, "the jewel of smart cities," is ready to host the meetings of Arab...

Palm Hills, Cleopatra launch project with revenues L.E.100 bln in North Coast
2024/04/17

Palm Hills, Cleopatra launch project with revenues L.E.100 bln in North Coast

Palm Hills Developments is going to launch a tourism project in the North Coast near Ras El Hekma city.

Rise of dollar coincides with decline of yen. Expectations of a cut in interest rates in the USA
2024/04/17

Rise of dollar coincides with decline of yen. Expectations of a cut in interest rates in the USA

The US dollar rose on Thursday after the release of US inflation data that came in higher than expected, which led to a reduction in...

Egypt's commodity exports $9.612 bln in the first quarter. Building materials top the list.
2024/04/17

Egypt's commodity exports $9.612 bln in the first quarter. Building materials top the list.

Engineer Ahmed Samir, Minister of Trade and Industry, announced that Egypt's commodity exports reached $9.612 billion during the first quarter of the current year, compared...

US Treasury Secretary warns of serious economic repercussions due to ME incidents.
2024/04/17

US Treasury Secretary warns of serious economic repercussions due to ME incidents.

United States Secretary of the Treasury Janet Yellen issued a stern warning about Iran’s actions that pose a threat to the stability in the Middle...

Heliopolis co. close to announcing the winning company to develop New Heliopolis
2024/04/17

Heliopolis co. close to announcing the winning company to develop New Heliopolis

Heliopolis co. for Housing & Development has completed the evaluation of bids submitted by three companies to develop a land in the New Heliopolis project,...