Arab Finance: The Ministry of Petroleum and Mineral Resources has announced a new oil discovery in the Gulf of Suez, achieved by the Gulf of Suez Petroleum Company (GUPCO), according to a statement.

Arab Finance: Savola Egypt, a subsidiary of the leading Saudi Savola Group, has officially inaugurated its new headquarters in New Cairo’s Fifth Settlement, as per an emailed press release. The event ...

Arab Finance: The Egyptian Competition Authority (ECA) has approved seven significant acquisition deals, allowing domestic and international companies to invest in various local sectors, as per a ...

Arab Finance: Egypt and Tunisia are mulling over reinforcing bilateral trade and investment cooperation, with a goal to increase trade volume to EGP 1 billion in the upcoming period, according to a ...

Arab Finance: EFG Hermes, an investment bank and a subsidiary of EFG Holding, has concluded its advisory role on the $764 million initial public offering (IPO) of ...

Arab Finance: Madinet Masr began establishing a wholly owned subsidiary in Dubai under the name "Cities of the World”, according to a press release. Upon completion, the new unit will manage and ...

In 2023, Egypt's intellectual property (IP) landscape revealed notable insights into its patent and trademark protection. The country earned a patent protection score of 4.8, rank ...

Arab Finance: The International Monetary Fund (IMF) has raised its forecast for Egypt’s economic growth to 3.8% for the current fiscal year (FY) 2024/2025, up from a previous estimate of 3.6%, ...

Arab Finance: The Russian energy firm Lukoil will invest $73 million to develop the oil reserves and increase the production capacity of the West Esh El Mallaha oil field in Egypt’s Eastern Desert, Al ...

Arab Finance: Edita Food Industries witnessed 18.70% higher consolidated net profits attributable to the parent company at EGP 1.07 billion in the first half (H1) of 2025, according to the financial ...

Arab Finance: Egypt has postponed the launch of its financial derivatives market until the second quarter (Q2) of 2025, Vice Chairman of the Financial Regulatory Authority (FRA) Islam Azzam told ...

Arab Finance: The Ministry of Communications and Information Technology (MCIT) has launched a personal credit report and score inquiry service on the Digital Egypt platform, according to a statement.