Mubasher: The 2024 World Competitiveness Report included six countries from the Arab region which all showed progress in this year’s ranking, according to the International Institute for Management Development (IMD) data. The UAE led the Arab …
Mubasher: The total number of deals registered in the global travel and tourism sector decreased by 10.90% to 286 during the first five months (5M) of 2024 when compared with 321 in January-May 2023, according to GlobalData Deals Database. The …
UAE – Mubasher: The third edition of Abu Dhabi Finance Week (ADFW) will take place on 9-12 December 2024 under the theme Welcome to the Capital of Capital, being the flagship financial event of the Middle East, Africa, and Southern Asia (MEASA). …
Mubasher: Switzerland-based NUOS AG is expected to establish a headquarters (HQ) in Abu Dhabi as a regional hub, which will boost the emirate's strategic location and resources for more growth in Europe, North America, and the MENA market. NUOS …
Cairo – Mubasher: Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has signed an EGP 160 million contract with El-Mobadara Association to finance sustainable agricultural projects and livelihoods. Bassel Rahmy, CEO of …
Cairo – Mubasher: The Egyptian Minister of Planning and Economic Development Hala El-Said has held a meeting with Minister of Labour Hassan Shehata to discuss the implementation of the recent increase in minimum wage. El-Said reiterated the …
Cairo – Mubasher: Egyptian debt market is gaining back its lure after the recent reforms in the economy and the increase in interest rates and the devaluation of the currency, according to an analysis by Financial Times. Egypt's local bonds have …
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at an aggregated value of EGP 50 billion through two offerings on Thursday, 13 June. The first auctions stood at EGP 30 billion and will mature in 91 days on 17 …
Mubasher: The US Federal Reserve (Fed) left interest rates unchanged, signalling it will not pull back until seeing sustained progress lowering inflation from multi-decade highs. The Federal Open Market Committee (FOMC) has maintained the target …
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a combined value of EGP 45 billion through two issues on Wednesday, 12 June. The first tranche was valued at EGP 25 billion and will mature in 182 days on 17 …
Cairo – Mubasher: Egypt has allocated EGP 5 billion to support exporting companies through the seventh phase of its immediate cash payment programme, announced Minister of Finance Mohamed Maait. The initiative has processed documentation for …
Cairo – Mubasher: Henkel Egypt renewed its collaboration with Egypt's ITIDA for three more years to strengthen IT investments and expand export services from its Cairo Global Business Solutions office. The partnership supports Egypt's digital …
Cairo – Mubasher: Aman Holding, the fintech subsidiary of Raya Holding For Financial Investments, has closed the fourth issue of its first securitisation bond programme, amounting to EGP 1.04 billion. This issue is backed by a consumer financing …
Cairo – Mubasher: Egypt’s annual headline inflation rate fell to 27.40% in May 2024 from 31.80% in April. The inflation in May was primarily fuelled by a 28.90% year-on-year (YoY) uptick in the food and beverage sector, driven by a 26.60% YoY …
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bonds (T-bonds) at a combined value of EGP 3 billion through two issues on Monday, 10 June. The offering stood at EGP 2.50 billion and will mature in three years on 4 June 2027, …
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) worth EGP 55 billion through two tranches on Sunday, 9 June. The first auction stood at EGP 30 billion and will mature in 91 days on 10 September 2024, according to …
Cairo – Mubasher: The International Monetary Fund (IMF) has reached a staff-level agreement with the Egyptian authorities on a set of comprehensive policies and reforms needed to complete the third review of the loan programme signed in December …
Cairo – Mubasher: The value of Egypt's agricultural exports increased by $500 million to approximately $2.60 billion in the first five months (5M) of 2024 compared to the corresponding period in 2023, according to El-Sayed El-Quseir, Minister of …
Mubasher: Saudi Arabia, the UAE, and Egypt accounted for 92% of total venture capital (VC) funding in the MENA region, according to a report by MAGNiTT. Saudi startups raised $400 million in VC funding in 2023, up 602% year-on-year (YoY), the …
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) at a combined value of EGP 45 billion through two auctions on Thursday, 6 June. Holding a tenor of 182 days until 10 December 2024, the first tranche stood at EGP …
Cairo – Mubasher: The net international reserves (NIR) at the Central Bank of Egypt (CBE) reached a historic high of $46.12 billion at the end of May 2024. This marks an increase of approximately $5.06 billion from $41.05 billion at the end of …
Cairo – Mubasher: Egypt's House of Representatives has approved a new budget for the fiscal year (FY) 2024/2025, increasing public expenditures by approximately 29% year-on-year (YoY) to EGP 3.87 trillion, or 22.60% of GDP, Finance Minister …
Cairo – Mubasher: The Egypt Purchasing Managers’ Index (PMI) rose in May 2024 to its highest level since August 2021, reaching a point close to the growth threshold of 50, as cooling inflation since early 2024 encouraged demand stabilisation. The …
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bonds (T-bonds) at a value of EGP 3 billion through one issue on Monday, 3 June. The offering will mature in three years on 4 June 2027, according to official data. Additionally, …
UAE - Mubasher: The Dubai Chamber of Commerce highlighted that the GCC market remained the top global export and re-export destination for its member companies in the first quarter (Q1) of 2024. The GCC region accounted for 55.50% of total exports …
