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Egypt is planning to go after the Latin America and Asia tourism markets, the Arab republic’s Deputy Tourism Minister has told Bloomberg in an interview, Arab Finance reports. Ghada Shalaby told US media that the plan comes as an attempt Read more
Egypt’s Ministry of Trade Sunday denied the issuance of any decree banning Saudi Arabian exports after the country’s General Organization For Export and Import Control (Goeic) has issued a decree suspending and canceling several companies, brands, and factories exporting goods Read more
Several countries, including Morocco, Saudi Arabia, the UAE, the United States, and international organizations including the United Nations, the Organization of Islamic Cooperation, the Arab League, the European Union and the Gulf Cooperation Council have denounced the raid conducted by Read more
UK-headquartered Standard Chartered Plc has revealed plans to further develop its operation in Egypt and Saudi Arabia, the two largest and fast-growing in the Middle East and North Africa region (MENA), reports say. In a statement seen by Bloomberg, the Read more
First Abu Dhabi Bank (FAB) , the UAE’s biggest lender, has withdrawn its offer to buy a controlling stake in Egyptian investment bank EFG Hermes, the bank said in a statement on Thursday, reports say. “After careful consideration and in Read more
The Egyptian Businessmen Association (EBA) is set to submit a proposal to the government to open RUB banking accounts for exporters to Russia, Arab Business reports citing Borsa News. The proposal, EBA Chairman Ali Issa told Borsa News, will be Read more
Shrimp Nation, the largest seafood restaurant chain in Saudi Arabia, plans to open its first branches in the UAE with an investment value of AED 10 million ($2.72 million), Trade Arabia reports. “We are delighted to expand and open branches Read more
The European Union, EU, according to the bloc’s Executive Vice-President Frans Timmermans, is looking to up its imports of liquefied natural gas (LNG) from Egypt in the short term – and contribute to building a local green hydrogen production facility Read more
The European Union has pledged to Egypt with €100 million to surf the consequences of rising prices of food and commodities as part of the bloc’s response to mitigate the impact of Russia’s war against Ukraine on the EU’s partner Read more
Egypt’s General Authority for Investment and Free Zones (GAFI) signed on April 5th a memorandum of understanding (MoU) with Japanese operating automotive supplier Yazaki Europe Limited for the establishment of a new factory for car components in Faiyum, 62 miles Read more