The Committee for the Establishment and Licensing of Companies, under the supervision of the Financial Regulatory Authority (FRA), has granted licences to four companies to expand their operations in Egypt's non-banking finance and investment (...)
France announced on Thursday it will formally recognize a Palestinian state in September, a move that drew widespread praise from Arab nations but sharp condemnation from Israel and the United States, highlighting a growing diplomatic rift over the (...)
Kuwait's Crown Prince, Sheikh Sabah Khaled Al-Hamad Al-Sabah, on Monday met with Egypt's Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel El-Wazir, to discuss strengthening cooperation between the two (...)
Egypt has retained its position as the world's largest exporter of shisha tobacco (maassel) in 2024, capturing 32% of global exports with a total value of $127.4m and an export volume of 27,000 tonnes.
According to the Food Export Council, Egypt's (...)
Aayan Developments has officially announced its entry into the Egyptian real estate market with the launch of its first project, dǎo Towers—a landmark mixed-use high-rise development located in the New Administrative Capital. This debut signals the (...)
أصدرت رئاسة الأركان العامة للجيش الكويتي، بيانًا توضيحيًا بشأن ما تداولته بعض وسائل التواصل الاجتماعي عن رؤية صواريخ باليستية في سماء البلاد.
وأكدت في بيان عبر صفحتها الرسمية بمنصة «إكس»، صباح الاثنين، أن «هذه الصواريخ الباليستية كانت في نطاقات جوية (...)
حذرت بريطانيا رعاياها الموجودين في الكويت، اليوم الأحد، من احتمال تصعيد مفاجئ بالاشتباكات بين إيران وإسرائيل.
وقالت السفارة البريطانية لدى الكويت، في بيان، إن «الأعمال العدائية المستمرة في المنطقة وبين إسرائيل وإيران قد تتصاعد بسرعة وتشكل مخاطر (...)
Egypt has issued $1 billion in sovereign sukuk through a private placement, marking its return to international debt markets despite rising regional instability, the Finance Ministry said in a statement on Wednesday.
The three-year sukuk, compliant (...)
Rising regional tensions loomed over the 10th edition of the Amwal Al Ghad Awards on Monday, as reports emerged of US military bases in Qatar and Kuwait being targeted. Despite the escalation, organizers emphasised Egypt's economic resilience and (...)
Egypt's Minister of Civil Aviation Sameh El-Hefny met with the President of the Directorate General of Civil Aviation (DGCA) of Kuwait Hamoud Mubarak to enhance bilateral cooperation in civil aviation, the Cabinet said.
The two sides reviewed ways (...)
Egypt's Deputy Prime Minister and Minister of Industry and Transport Kamel El-Wazir participated Wednesday in the Egyptian-Kuwaiti Investment Forum in Kuwait City, as Cairo looks to deepen economic cooperation and attract Gulf investment into its (...)
Shell Egypt announced on Wednesday its final investment decision to develop the West Mena gas field, located in the North East El Amriya concession in the Mediterranean Sea.
As per the Ministry of Petroleum statement, Shell will undertake the (...)
Egypt is intensifying efforts to expand its regional economic footprint as Minister of Industry and Transport, Kamel El-Wazir leads a high-level business delegation to Kuwait to pitch for a wide range of development projects.
Minister El-Wazir is (...)
Egypt and Kuwait are considering converting the Kuwaiti deposit at the Central Bank of Egypt (CBE) into direct investments, Minister Kamel El-Wazir announced during his meeting with Kuwait Prime Minister Sheikh Ahmad Abdullah Al-Sabah in Kuwait on (...)
Egypt's National Organisation for Social Insurance (NOSI) secured the Excellence Award in Pension and Social Security Fund Management at the Sharjah Award in Public Finance, according to a Cabinet statement Wednesday.
NOSI Chair Gamal Awad said the (...)
أعلنت حكومتا دولة الكويت والمملكة العربية السعودية، صباح الاثنين، عن اكتشاف بترولي جديد في المنطقة المقسومة على بعد 5 كيلومترات شمال حقل الوفرة بمعدل كميات يتجاوز 500 برميل يوميا.
وبحسب بيان صادر عن وزارة النفط الكويتية، يعد هذا الاكتشاف الأول منذ (...)
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Egyptian Drilling Company (EDC) is pushing to expand in Gulf markets after strong performance in Saudi Arabia and Kuwait, Minister of Petroleum Karim Badawi said during the company's general assembly.
EDC generated $406 million in (...)
Kareem Badawi, Minister of Petroleum and Mineral Resources, has reiterated the Ministry's support for the Egyptian Drilling Company's (EDC) strategic expansion into international markets, particularly strengthening its footprint in Saudi Arabia and (...)
Chinese company, Xinxing signed on Wednesday $47 million worth of four new export contracts from its newly operational plant in Egypt's Suez Canal Economic Zone (SCZONE), marking a key milestone in the country's industrial localisation drive.
The (...)
Egypt's Suez Canal Economic Zone (SCZone) witnessed the signing of a new industrial investment agreement between Fetouh Kuwait Company and Main Development Company (MDC) for the establishment of a packaging materials plant in the Sokhna Industrial (...)
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), attended the signing ceremony for the Fotouh Al-Kuwait project, which will see the establishment of a packaging materials factory within the Sokhna Industrial Zone. The (...)
Egyptian television channel On Sport will broadcast the 2025 Pan Arab Golf Championship for Juniors and Ladies, scheduled to take place from May 7th to 10th at the Madinaty Golf Club and Katameya Dunes Golf Club, the channel has announced.
The Pan (...)
Gulf Cooperation Council (GCC) countries contributed over 35 per cent of all emerging-market (excluding China) US dollar debt issued in Q1 2025, up from 25 per cent in 2024, according to Fitch Ratings.
The region's debt capital market (DCM) exceeded (...)
A "Golf Festival" will be held alongside the 2025 Pan Arab Golf Championship for Juniors and Ladies in Cairo from May 7th to 10th, marking the 50th anniversary of the Arab Golf Federation, the organisers announced.
The Arab Golf Federation and the (...)
Cairo is preparing to host the 2025 Pan Arab Golf Championship for Juniors and Ladies from May 7 to 10, utilising the courses at Madinaty Golf Club and Katameya Dunes Golf Club, the Arab Golf Federation and the Egyptian Golf Federation have (...)
