Business

Economy

OPEC Fund to sign agreements for climate action at COP28

The OPEC Fund for International Development (the OPEC Fund) is set to sign a host of agreements with international institutions to support climate action efforts in developing countries during the COP28 conference in the UAE.

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OPEC Fund to sign agreements for climate action at COP28

Egypt to sell subsidised bread for non-ration card holders starting January: Official

EBRD eyes minority stakes in two banks under Egypt's IPO programme

UAE’s DP World starts building $80 mln logistics park in Egypt's Ain Sokhna

Factbox: Hassan Abdalla's monetary policy as head of CBE

Egypt, South Korean STX sign MoU to develop Jarjoub port and economic logistics zone

AfDB approves $131 mln loan to boost Egypt's private sector, green development

Egypt’s new foreign currency VAT doesn’t apply to imports: Minister

Emirati Al Futtaim to inject $1 bln in investments in Egypt, double number of Carrefour branches to 70

Egypt’s manufacturing, extractive industries contract by 3.86% in September

Egypt launches Golden License portal: How to apply?

Sisi announces new CBE board of directors

Asian markets drop as US inflation comes into view

Egypt releases $63 billion worth of imported goods with $5 billion remaining in ports: Official

Egyptian gov’t gives merchants 10 days to adjust sugar prices: Supply Minister

Fawry completes verification process, confirming security of operating systems and financial data

Canadian Lotus to explore gold in 525 km² in Egypt’s Eastern Desert

Markets & Companies

Market watch: EGX ends Wednesday in red; gold prices rise

The Egyptian Exchange (EGX) indices ended with a negative performance on Wednesday, marking a second day of market cap loss. In contrast, gold prices keep rising.

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Market watch: EGX ends Wednesday in red; gold prices rise

E-payment giant MasterCard inks MoU to digitalize SMEs in Egypt

Market watch: Egyptian Exchange loses EGP 34 bln in market cap Tuesday

Egypt's Nilesat receives ISO certificate for quality management

Egypt’s Administrative Capital Company targets EGP 26 bln in profits by end of 2023: Chairman

Market watch: Egyptian Exchange achieves new milestone on Monday

Market watch: Egyptian Exchange starts week with varied performance; gold prices rise

Master Gold, Finway launch Egypt’s first gold ATM

Subsidiary of Egypt-listed mining ASCOM sells stake in gold project in Ethiopia for around $100 mln

CIB leads Egyptian Exchange’s benchmark to new milestones this week

Market watch: Egypt's bourse soars beyond historic highs on Thursday

Telecom Egypt signs agreement to speed up internet in Egypt, Africa

Market watch: Egyptian Exchange’s main index breaks 25,000 points for first time ever

Market watch: Egypt’s bourse ends Tuesday in green; gold prices jump

Market watch: EGX closes Monday in red; gold prices rise

Egyptian CIB borrows $150 mln from EBRD to cushion against economic risks

Market watch: Egypt bourse’s benchmark reaches new all-time high on Sunday

Energy

Dana Gas to invest $43 million in drilling new wells in Egypt

Emirati energy company Dana Gas announced plans to invest an additional $43 million in its operations in the Egyptian market over the coming year, according to CEO Richard Hall on Wednesday.

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Dana Gas to invest $43 million in drilling new wells in Egypt

Emirati-designated COP28 leader forcefully denies report UAE wanted to seek oil deals in summit

Oil slumps as OPEC+ delays summit, stocks rise

Fertiglobe exports world’s first certified green ammonia from Egypt

Egypt, Belgium sign MoU to export renewable energy to Europe

Oil prices rebound globally as demand outlook strengthens: Report

Chevron announces resumption of gas flows to Egypt

High-level dialogue session in Cairo propels sustainable energy agenda

Siemens Energy gets state-backed 15-bn-euro rescue package

China fuels increase in global oil demand: IEA

Subsidiary of Egyptian energy TAQA Arabia opens first natural gas station in Tanzania

COP27 and COP28 insights by Mohieldin: Mobilizing funding for climate action vs. accelerating just energy transition

Egypt raises fuel prices for the second time in 2023

6th Int'l Solar Alliance assembly puts focus on boosting global investment

Egypt, Mitsubishi expand cooperation to upgrade two power plants

European gas prices rise on fears of pause in Egypt LNG exports

EU adds Egypt-Greece electrical interconnection project to priority list

Tech

Software as share of companies’ revenue expected to quadruple worldwide by 2030: Report

Software and digital technologies are anticipated to contribute 29 percent of companies' revenues worldwide by 2030, a substantial increase from seven percent now, according to a recent report by French information technology services and consulting company Capgemini SE.

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