investment

Saudi Arabia to stop contracting with firms without local HQ
Middle East

Saudi Arabia to stop contracting with firms without local HQ

DUBAI, United Arab Emirates (AP) — Saudi Arabia announced on Monday that it plans to stop signing contracts with foreign…
Egypt readies to evacuate gov’t offices in Tahrir, future of compound uncertain
Business

Egypt readies to evacuate gov’t offices in Tahrir, future of compound uncertain

On Saturday, Egypt’s ministerial committee for developing and reutilizing downtown Cairo’s Tahrir compound previewed its plan of evacuating the compound,…
Analysis: How Wall Street gains from ‘populist’ trading movement
World

Analysis: How Wall Street gains from ‘populist’ trading movement

(Reuters) – Steep gains in shares of GameStop Corp and other stocks this week have been described as populist market…
Incoming Cairo Eye Ferris wheel valued at LE500 mn
Egypt

Incoming Cairo Eye Ferris wheel valued at LE500 mn

Hawaii Company’s Chairman and tourism expert Ahmed Metwally announced on Thursday that his company will invest LE500 million to construct…
Egypt, World Bank agree to invest US$450 mn to battle coronavirus
Business

Egypt, World Bank agree to invest US$450 mn to battle coronavirus

Egyptian Minister of International Cooperation Rania al-Mashat and the World Bank on Tuesday has agreed to invest US$450 million to…
Dollar hits ten-week low following US presidential election
Business

Dollar hits ten-week low following US presidential election

The US dollar fell to its lowest level in ten weeks on Monday, with investors buying trade-exposed currencies in anticipation…
Chevron bets on Middle East gas riches and reconciliation
Middle East

Chevron bets on Middle East gas riches and reconciliation

HOUSTON/LONDON (Reuters) – After years of focusing on US shale, Chevron Corp CVX.N is staking its natural gas future on the Middle…
BEBA holds 4th webinar on future of digital innovation in Egypt
Egypt

BEBA holds 4th webinar on future of digital innovation in Egypt

The British Egyptian Business Association (BEBA) held its fourth webinar on a series of virtual discussions regarding digital transformation and…
CBE launches LE7 billion initiative to help banks fund larger companies
Business

CBE launches LE7 billion initiative to help banks fund larger companies

The Central Bank of Egypt (CBE) on Sunday launched a seven billion LE pledge issuance initiative for the Credit Risk…
Egypt top recipient of foreign direct investment in Africa in 2019
Economy

Egypt top recipient of foreign direct investment in Africa in 2019

The Information Center of the Egyptian Cabinet published an infographic showing that Egypt ranked first in Africa in attracting foreign…
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