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Saudi Aramco Reports Record Profit of $161 Billion in 2022
Egypt >> 3/12/2023 - Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest c...
Egypt to Start Process of Listing Military-Affiliated “Safi” And “NPC” Companies to Investors
Egypt >> 3/12/2023 - The Egyptian government announced that it would begin listing two military-affiliated National Petroleum Company (NPC) and National Co. for Natural Water in Siwa (Safi) to investors.

In a m...
Egypt Positioned to Attract Foreign Investments in Priority Sectors: Maait
Egypt >> 3/12/2023 - Egypt has become qualified to attract both foreign and local investments and is providing all necessary facilities to encourage production in sectors that are of national priority, Egypt’s Minister of...
Saudi Aramco Reports Record Profit of $161 Billion in 2022
Egypt >> 3/12/2023 - Saudi Aramco said it achieved "record" profits totalling $161.1 billion last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude expor...
Egypt’s Inflation to Hit 25.9% Over 2023: Fitch Solutions
Egypt >> 3/12/2023 - Fitch Solutions raised its projection for Egypt’s inflation during 2023 to 25.9 percent, up from 18.3 percent it projected in February, according to its updated report on MENA Monthly Outlook.

...
HSBC Will Buy UK Subsidiary of Collapsed Silicon Valley Bank
Egypt >> 3/13/2023 - The UK Treasury and the Bank of England have “facilitated the sale? of Silicon Valley Bank UK to HSBC, ensuring the security of 6.7 billion pounds ($8.1 billion) of deposits.

British offici...
Saudi Crown Prince Announces Establishment of Riyadh Air
United Arab Emirates >> 3/13/2023 - His Royal Highness Mohammad bin Salman bin Abdulaziz, Crown Prince and Prime Minister of Saudi Arabia and Chairman of the Saudi Public Investment Fund (PIF), announced today the establishment of “Riya...
IDSC: Egypt Transformed Into World's Most Important Center for Outsourcing Services
Egypt >> 3/13/2023 - The Cabinet Information and Decision Support Center (IDSC) said that Egypt has 35 international centers for outsourcing services which provide 34,000 job opportunities with a plan of doubling their bu...
107 Ships Transit Suez Canal, Highest Daily Record in Canal's History
Egypt >> 3/13/2023 - Chairman of the Suez Canal Authority (SCA) Osama Rabie said that 107 ships crossed the waterway in the two directions ,carrying a total cargo of 6.3 million tons, representing the highest daily record...
PM Reviews Main Features of Draft Budget of FY 2023-2024
Egypt >> 3/13/2023 - Prime Minister Mostafa Madbouli headed a meeting on to review the main features of the public budget of the state for fiscal year 2023-2024 in the presence of Finance Minister Mohamed Maait, Deputy Mi...
Egypt, Denmark Renew Strategic Energy Cooperation Agreement
Egypt >> 3/13/2023 - Prime Minister Mostafa Madbouli and Danish Prime Minister Mette Frederiksen witnessed the inking of documents on the extension of a strategic energy sector cooperation and technical aid agreement betw...
Molla: Incentives to The Companies Invest in Green Hydrogen
Egypt >> 3/13/2023 - Minister of Petroleum and Mineral Wealth Tarek El Molla asserted that the ministry aims at coping with rapid international developments in the field of sustainability and energy to provide more invest...
Japan Supports Egypt’s Agricultural Production With $3.8mln Grant Aid Through FAO
Egypt >> 3/13/2023 - With the aim of improving agricultural productivity for food security in Egypt, Ambassador of Japan in Egypt Oka Hiroshi has recently signed a financing agreement with Representative of Food and Agric...
Innovation and Entrepreneurship in Driving Growth Within The Saudi Arabian Economy and Markets
Saudi Arabia >> 3/13/2023 - Omer Saleem, CEO of PROVEN highlights key developments that are helping to nurture entrepreneurs in Saudi Arabia’s burgeoning startup space.

In today's quick-changing and globally interconn...
VC And Co-Creation Studio ‘Beta Lab’ Launches in Riyadh Focused on Regional Deep Tech Startups
Saudi Arabia >> 3/13/2023 -  Beta Lab, a VC and co-creation studio for startups dedicated to fostering the growth of deep technology startups, is pleased to announce its official launch in Saudi Arabia with number of partners in...
UAE Enhancing Leading Position in Gender Balance: World Bank
United Arab Emirates >> 3/13/2023 - Iva Hamel, the World Bank Representative in the UAE, has praised the UAE for being the most progressive country in the Middle East and North Africa in terms of women’s empowerment.

She comm...
Egyptian Government to Offer 4 Major Companies Through International Investment Banks
Egypt >> 3/13/2023 - The spokesman for the Egyptian Cabinet Nader Saad announced consensus among the government members to start the procedures for offering the “Wataniya” and “Safi” companies through the offering advisor...
Dollar Price Stable At Egypt's Major Banks
Egypt >> 3/14/2023 - The US dollar exchange rate was stable at the beginning of Tuesday's transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP...
Mashat Participates in The Higher Committee for Energy Between Egypt and Germany Meeting
Egypt >> 3/14/2023 - Minister of International Cooperation, Rania Al-Mashat, participated in the first meeting of the Higher Steering Committee for cooperation between Egypt and Germany in the field of energy and green hy...
Abul Gheit: War in Ukraine Affect Int'l Financing Sustainable Projects
Egypt >> 3/14/2023 - Arab League Secretary General Ahmed Abul Gheit said the Russian-Ukrainian war will inevitably affect international efforts to address more pressing issues.

Addressing the 2023 Arab Forum fo...

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