Kuwait's Al Enmaa Real Estate said it has sold one of its properties for KWD 1.05 million ($3.46 million), according to Mubasher.
The transaction will result in a net loss of KWD 35,000, which will be reflected on the company's financials for the (...)
Most Gulf markets traded on Wednesday after a three-day Eid holiday, while Saudi Arabia and Oman's bourses will resume trading on Sunday.
The markets reversed earlier gains as optimism over Washington delaying tariffs on some Chinese imports gave (...)
Hilton and Alshaya Group, an international retail franchise operator, Thursday announced a significant development of their ongoing relationship with the exclusive signing of a master development agreement to rapidly launch and develop 70 Hampton by (...)
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM) recorded net profit of EGP 304m in the second quarter of 2019 (2Q19), up 49% Y-o-Y, the company revealed on Thursday.
The company achieved revenues of EGP (...)
Saudi Arabia has a number of under construction tourism projects worth $11.6 billion as the kingdom seeks to draw more international and GCC tourists, said a report on Tuesday.
In February 2019, the kingdom unveiled major tourism initiatives, (...)
Egypt's EFG Hermes aims to boost its assets under management in the country by 25 percent at the end of the year, its co-chief executive of the investment banking division said on Wednesday.
EFG Hermes, which has a presence in the United Arab (...)
Egypt's State Security Prosecution ordered on Monday the detention of the eight Muslim Brotherhood members who were deported from Kuwait for 15 days pending investigations.
The eight defendants were extradited from Kuwait two weeks ago, and are (...)
Poly Egypt has signed a contract to supply EGP 8m worth LED curbstone roadside pavements for the New Administrative Capital.
Ibrahim Soliman, the company's sales manager, said that Poly Egypt's LED roadside pavements will be installed in main roads, (...)
The total permits issued by Egypt's Ministry of Interior for locals to work abroad; either for first time or renewal, reached 1,078,254 permits in 2018, down from 1,167,589 permits in 2017, a decrease of 7.7%, according to the Central Agency for (...)
Egypt's Supreme State Security Prosecution ordered on Monday the detention of eight Muslim Brotherhood members for 15 days pending investigations.
The eight defendants were extradited from Kuwait two weeks ago, and are charged with joining a banned (...)
The Central Bank of Egypt (CBE) issued the External Position of the Egyptian Economy Report. The Report tracks, on a quarterly basis, the international transactions that the Egyptian economy conducts with the rest of the world. It highlighted that (...)
Real estate transactions in Kuwait dropped 17 percent year-on-year to KWD 283 million ($928.81 million) in June, according to Mubasher.
The number of transactions went down by 19 percent month-on-month to 485 in June, according to a report released (...)
The Central Bank of Egypt (CBE) said Egypt's external debt remains within safe limits, in line with international standards.
In the external situation report of the Egyptian economy, the CBE pointed out that the foreign debt reached 35.1% of GDP at (...)
Two-thirds of the United Nations Security Council - including the United States, Britain and France - asked Secretary-General Antonio Guterres on Tuesday to investigate attacks on U.N.-supported medical facilities in northwest Syria, diplomats (...)
Kuwait gave initial approval to renew a multi-billion dollar contract to supply Egypt with crude oil and petroleum, an official source in the Egyptian General Petroleum Corporation (EGPC) said on Tuesday.
In April, EGPC signed a three-year renewal (...)
Five investment banks are preparing their bids to manage the IPO of Sidi Kerir Petrochemicals (Sidpec), including EFG Hermes, CI Capital, Beltone Financial, HC Securities & Investment, and Pharos Holding, an official source told Daily News Egypt.
NI (...)
The TV broadcast of the Africa Cup of Nations 2019 (AFCON) received great acclaim. It was the first time to use the 4K technology and such large number of cameras to broadcast the tournament.
Media Pro was responsible for television production of (...)
Egypt's Minister of Defence, Mohamed Zaki, arrived in Washington heading a high-profile military delegation, according to a statement from the Egyptian Armed Forces.
The visit comes upon an official invitation from US Secretary of Defence Mark (...)
State-owned airline EgyptAir will receive on Wednesday a B787-9 Dreamliner biofuel-run aircraft from the United States.
This aircraft, operated using biofuel to reduce emissions, is first of its kind to be used by the Egyptian airline.
It is the (...)
Civil Aviation Minister Younis El-Masry expressed to Britain's Ambassador to Egypt, Sir Geoffrey Adams Egypt's dissatisfaction with BritishAirways' unilateral decision to suspend trips to Cairo, the ministry said in a press statement on (...)
زرع خلايا فى وزارات الأوقاف والبترول والتعليم.. وسيطر على مجلس النواب
يطلق حملات إلكترونية لتنشيط السياحة إلى أنقرة ويروج لدعم أردوغان
يتولى غسيل سمعة جماعة الإرهاب ويتستر على الهاربين
تكفل برعاية مصالح الجماعة الإرهابية مع تركيا وسعى لتدمير الدينار (...)
زرع خلايا فى وزارات الأوقاف والبترول والتعليم.. وسيطر على مجلس النواب
يطلق حملات إلكترونية لتنشيط السياحة إلى أنقرة ويروج لدعم أردوغان
يتولى غسيل سمعة جماعة الإرهاب ويتستر على الهاربين
تكفل برعاية مصالح الجماعة الإرهابية مع تركيا وسعى لتدمير الدينار (...)
Egypt Kuwait Holding (EKH) on Wednesday said its subsidiary NSCO Investments Limited completed drilling its first gas well in the offshore North Sinai concession.
Through one of its subsidiaries, EKH owns a 99.99 percent stake in NSCO Investments (...)
Orientals for Urban Development (OUD) targets achieving EGP 300m in sales at their first summer real estate exhibition in 2019, which is due to start in July.
“The company is preparing to participate in a number of local and foreign exhibitions in (...)
Kuwait's Foreign Ministry pledged to continue security consultation and cooperation with Egypt's authorities, following Kuwaiti authorities' hand-over of eight Egyptians to their country's security forces on Friday.
Kuwaiti Deputy Foreign Minister, (...)
