MENA’s wealth surge: Saudi & UAE to witness over 105% growth in 10 years
In January, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE joined the original BRICS cohort, which comprised Brazil, Russia, India, China, and South Africa...
Tag : EGYPT
Dragon Oil announces plans to drill seven more wells in Egypt
Dragon Oil said it will spend USD 200 million to develop the Al Wasl oil field. By 2026, the company hopes to have drilled more wells and more than doubled the daily production...
MENA banks pave the way to a greener future
ESG-focused finance in the retail and commercial markets is the most innovative way that banks can assist climate goals...
Moody’s maintained its ‘C’ rating on Egypt
Moody's anticipates a volatile economic environment to endure, because of persistent political impasse and weak institutions...
Start-up of the Week: The fintech revolution called ‘Paymob’
Paymob's 'POS Solutions' makes in-store payments look easy, as its smart point-of-sale device helps customers to pay with multiple secured payment methods...
UAE telecom giant e& reports 20% growth in Q3 net profit
As of Q3, e&'s subscribers had reached 14 million, representing a 4.7% increase from the same period last year...
Discussing impact of Gaza war upon MENA’s dealmaking, tourism and FDI activities
Tourism revenue will decrease because people will feel that there is a security concern...
Egypt’s current account surplus increases amid Moody’s setback
Egypt's first surplus in years was recorded from October through December 2022, totalling USD 1.40 billion...
Possessing some of largest unbanked populations, Egypt & Nigeria unite on fintech space
Nigeria has at least 200 fintech companies, while Egypt possesses some 177 ventures...
Arab Monetary Fund loans Egypt USD 615.8 Million to strengthen banking sector reforms
The Arab Monetary Fund stated that it provides consultation on economic, financial, and development concerns and encourages policy debate among its member governments...