Arab Finance: A banking consortium, led by Banque du Caire and comprising Al Baraka Bank Egypt and SAIBANK, has arranged a $75 million syndicated loan to Cheiron Egypt, an arm of the global oil and ...

Arab Finance: The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDB), has signed the 2025 Country Work Program for ...

Arab Finance: Abu Qir Fertilizers and Chemicals Industries Company (ABUK) recorded an annual jump of 11.89% in standalone net profit after tax during the first half (H1) of fiscal year (FY) 2024/25, ...

Arab Finance: The Dubai Financial Market Index (DFMI) increased by 14.154%, or 650.3 points, to close Thursday’s trading session at 5,244.83 points. Meanwhile, the FTSE ADX General Index (FADGI) of ...

Arab Finance: Egypt achieved record tourism rates in 2024, with 15.78 million tourists arriving, as per a statement. During the first half (H1) of the current fiscal year (FY) 2024/2025, about 8.7 ...

Arab Finance: The Egyptian Exchange (EGX) ended Tuesday’s trading session with a mixed performance, with the EGX30 index dropping by 0.29% to 29,668.47 points. On the other hand, the Sharia-compliant ...

Arab Finance: The Egyptian pound exchange rate against the US dollar stood above the EGP 50 mark on Thursday, with the USD rates at Banque Misr reaching EGP 50.25 for buying and EGP 50.35 for selling ...

Arab Finance: The Tadawul All Share Index (TASI) of the Saudi Exchange rose by 0.15% on Thursday, closing at 12,433.58 points, slightly up from 12,414.40 points in the previous session. The session ...

Arab Finance: Foreign currency deposits in Egypt's banks, excluding the Central Bank of Egypt (CBE), increased by 15.2% in 2024, reaching $58.17 billion by the end of December, according to the CBE.

Arab Finance: The Egyptian Exchange (EGX) ended Monday’s trading session in the red zone, with the EGX30 index down by 0.55% to 29,754.77 points. The Sharia-compliant index, EGX33 Shariah index, also ...

Arab Finance: The Egyptian Ministry of Finance signed a cooperation agreement with the European Bank for Reconstruction and Development (EBRD) to establish an “Egypt Account” with a capital of €10 ...

Arab Finance: Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi held talks with Mark Bristow, CEO of Barrick Gold, on the sidelines of the Indaba Mining Conference in Cape Town, South ...