Browsing: Business
During an extraordinary meeting, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to raise interest rates by 1% to 9.25% for depositing, 10.25% for lending, and 9.75% for the credit and discount rates, as well
Sahar Nasr has been named independent director of Helios Fairfax Partners Corporation. She is the first Egyptian and African woman to be appointed to the High-Level Advisory Board of the United Nations Social Impact Fund. Sahar Nasr is an Associate
Chairman of the Capital Market Authority (CMA), Shaikh Abdullah Salem al Salmi, approved on Thursday the licensing of the first crowdfunding platform operator in the Sultanate of Oman, Ethis Investment Platform LLC. It is the first Islamic global crowdfunding platform
A number of national projects in the housing and road sectors were inaugurated by video in Greater Cairo by Egypt’s President Abdel Fattah El-Sisi. The president used his video address from the Sixth of October City to inaugurate housing projects
The Kingdom of Saudi Arabia’s overall merchandise exports increased 62.6% in December 2021 compared to December 2020, when many countries imposed travel bans and lockdowns as a result of COVID-19 issues. According to the General Authority for Statistics (GASTAT), exports
Over 30 senior Saudi manufacturers and exporters in the constructions and foodtuff sectors took part in a commercial mission organized by Saudi Exports Development Authority (SAUDI EXPORTS) today in Oman. This mission targets 70 Omani companies and follows the signing
An exhibition of perfumes, the largest of its kind in the Middle East, opened yesterday in the Riyadh Front area. This is one of the season’s entertainment areas, and will run until March 14. Over 200 brands of luxury perfumes,
Etihad Credit Insurance (ECI), the UAE Federal Export Credit Agency (ECA), and its Egyptian counterpart Export Credit Guarantee of Egypt (EGE) have entered into a reciprocal reinsurance agreement to support Emirati and Egyptian projects throughout the world. The agreement between
Environment, Water and Agriculture Minister Eng. Abdulrahman Al-Fadhli has inaugurated the Kyrgyz exhibition, organized by the Ministry in conjunction with the Embassy of Kyrgyzstan. Additionally, there were other senior officials and businessmen from both countries in attendance, including the Kyrgyz
The Information & eGovernment Authority (IGA) released its foreign trade report for January 2022, which covers data on the balance of trade, imports, exports (national origin), and re-exports. In January 2022, imports reached BD449 million, a 10% increase over BD409