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) showed a varied performance on Wednesday, with the EGX30 index rising by 0.23% to 29,735.59 points. Both the small- and mid-cap EGX70 equal-weight index (EWI) ...

Arab Finance: Boursa Kuwait's indices ended Wednesday's session with a varied performance. The Premier Market Index declined 9.52 points, or 0.11%, to close at 8,442.90 points. The Main Market Index ...

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 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: 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 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: The Dubai Financial Market Index (DFMI) increased by 13.821%, or 633.72 points, to close Wednesday’s trading session at 5,218.93 points. Meanwhile, the FTSE ADX General Index (FADGI) of ...

Arab Finance: Egypt Gas (EGAS) posted a 70.04% year-on-year (YoY) higher net profits after tax at EGP 290.734 million in 2024, versus EGP 170.597 million, as per the unaudited financial results ...

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: Minister of Investment and Foreign Trade Hassan El-Khatib met with the Ambassador of Tunisia to Cairo Mohamed Ben Youssef to discuss enhancing the economic relations between both ...

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 ...