Cairo – Mubasher: Damietta Alliance Container Terminals, a consortium of Hapag-Lloyd, EUROGATE Group, and Contship Italia, has signed an agreement with Rowad Modern Engineering to execute the superstructure works for Container Terminal Tahya Misr …
UAE – Mubasher: The General Civil Aviation Authority (GCAA) has granted the operational approval for the country's first vertiport. The use of the vertiport will start at the DRIFTx event in Abu Dhabi, according to the Emirates News Agency (WAM). …
UAE – Mubasher: The Ministry of Investment of the UAE has signed an investment memorandum of understanding (MoU) with Kenya’s Ministry of Finance and National Treasury for collaboration in the mining and technology sectors. The MoU allow for …
Cairo – Mubasher: Austria’s Petrochemical Holding and Czechia’s Draslovka company announced plans to build a sodium cyanide factory in Egypt. The project is set to meet the local demand and export 80% of its output to the Mediterranean Basin, …
UAE – Mubasher: The UAE has signed a memorandum of understanding (MoU) with Iraq, Qatar, and Türkiye for cooperation on the Development Road project. The project seeks to create a sustainable economy bridging East and West, increase international …
Cairo – Mubasher: Egypt is set to receive budget support of $400 million from the UK over two years, Minister of International Cooperation Rania El-Mashat said in an interview, according to Bloomberg. The North African country is expecting to …
Cairo – Mubasher: Egypt is targeting a 4.20% economic growth rate in the fiscal year (FY) 2024/2025, stated Hala El-Said, Minister of Planning and Economic Development. The Egyptian government revised down growth prediction for FY23/24 from 4% to …
Cairo – Mubasher: Egypt’s General Authority for Supply Commodities (GASC) has contracted 200,000 tonnes of raw sugar for delivery between May and August 2024. As a result, the recently contracted amount has reached 450,000 tonnes, according to an …
Cairo - Mubasher: The Central Bank of Egypt (CBE) offered treasury bonds (T-bonds) worth EGP 4 billion on Monday, 22 April, through one issue. The semi-annual tranche will mature in three years on 16 April 2027, according to official data. …
Cairo – Mubasher: The Egyptian government has reduced cooking oil prices by 36% to around EGP 65 per litre, said Ali El-Moselhi, Minister of Supply and Internal Trade. El-Moselhi noted an increase in the supply of basic commodities following the …
Riyadh – Mubasher: The International Monetary Fund (IMF) upgraded its forecast for Saudi Arabia’s economic growth in 2025 from 5.50% to 6%. The fund expects the Saudi economy to be the second-fastest growing economy in 2025 after India, according …
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a combined value of EGP 55 billion through two offerings on Sunday, 21 April 2024. The first issue was valued at EGP 30 billion, holding a tenor of 91 days …
Cairo – Mubasher: A subsidiary of the National Bank of Egypt (NBE) has submitted a request to launch a new gold investment fund, said Mohammed Fareed, Chairman of the Financial Regulatory Authority (FRA). The clientele of the only two gold …
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) amounting to EGP 50 billion through two auctions on Thursday, 18 April 2024. The first offering will total EGP 30 billion and is scheduled to mature in 182 days …
Cairo – Mubasher: Egypt's merchandise exports rose by 5.3% year-on-year (YoY) to $9.61 billion in the first quarter (Q1) of 2024 from $9.12 billion in the same quarter of 2023. Leading destinations for Egyptian exports included Turkey ($874 …
UAE – Mubasher: Dubai International (DXB) has topped the 2023 list of top 10 busiest airports worldwide. The latest achievement marks DXB’s tenth year of leading the list, which is put by the Airports Council International (ACI), according to a …
Cairo - Mubasher: The Central Bank of Egypt (CBE) issued treasury bonds (T-bonds) at a value of EGP 500 million on Tuesday, 16 April 2024, through one tranche. The offering holds a tenor of five years until 16 April 2029, according to official …
UAE – Mubasher: The UAE is dependent on gas imports for power plants and water desalination plants in line with its objectives to become self-sufficient in gas supply by 2030. GlobalData, a leading data and analytics company, pointed out that …
Riyadh – Mubasher: Saudi Arabia’s consumer price index (CPI) rose by 1.60% year-on-year (YoY) in March 2024. The increase in CPI was driven by an 8.80% YoY surge in housing, water, electricity, gas, and other fuels, along with a 0.90% YoY uptick …
UAE – Mubasher: The UAE’s Ministry of Finance is participating in the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington D.C. The Emirati delegation will be led by Mohamed bin Hadi Al …
Cairo – Mubasher: Egypt has raised 24.90% in the allocation of the healthcare sector to EGP 495.60 billion in the budget for the fiscal year (FY) 2025/2026 from EGP 396.90 billion in FY 2024/2025, said Minister of Finance Mohamed Maait. The …
Cairo - Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 55 billion on Monday, 15 April 2024, through two auctions. The first tranche stood at EGP 30 billion and will mature in 182 days on 15 …
Cairo – Mubasher: Egypt registered a 6.10% increase in tourism revenues to $7.80 billion in the first six months (6M) of the fiscal year (FY) 2023/2024. The recorded amount is compared to$7.30 billion a year earlier, according to official data. …
Cairo – Mubasher: Egypt's overall balance of payments (BOP) deficit reached $409.60 million in the first half (H1) of fiscal year (FY) 2023/2024, registering a surplus of $599.10 million in the same period the previous year. The current account …
Cairo - Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bonds (T-bonds) at a value of EGP 4 billion through one issue on Monday, 8 April 2024. The offering will mature in three years on 9 April 2027, according to official data. …
