Arabic Business Press, in English
329 briefs
Liberia Declares July 26-27 Holiday for 179th Independence Day Celebrations in Buchanan
President Joseph Boakai proclaims Sunday July 26 as Independence Day, with official events in Buchanan under a theme of ...
Egypt's Grid Hits 39.6 GW Peak but No Return to Load Shedding, Ministry Says
A record summer demand of 39,600 MW did not trigger power cuts thanks to expanded capacity and grid upgrades, according ...
Russia Extends Gasoline Export Ban Through 2026 as Ukrainian Attacks Strain Refineries
Moscow extends its gasoline export ban to the end of 2026, citing domestic fuel shortages and Ukrainian drone strikes on...
Saudi Arabia Ranks Among G20's Top Five in Mobile Internet Speed, 5G Hits 320 Mbps
Saudi Arabia's mobile internet median download speed reached 216 Mbps in 2025, placing it among the five fastest G20 nat...
Egypt Names Winning Developers for 'Housing for All' Land Plots Across New Cities
The Ministry of Housing reveals the private developers selected to build subsidised housing under the public-private par...
Oil Traces in Shell’s Deepwater Well Raise Hopes for First Western Mediterranean Crude Discovery
The Velox-1X well off Egypt’s coast has encountered crude oil, potentially marking the first oil find in the vast undere...
US New Home Sales Rise in June but Mortgage Rate Surge Caps Recovery
Sales of new single-family homes rose 1.6% to an annual rate of 628,000 in June, beating forecasts, but the jump in mort...
US Stocks Tumble as Oil Tops $100, Tech Sells Off on Alphabet and Tesla Warnings
A triple blow of surging oil prices, rising bond yields, and disappointing signals from Alphabet and Tesla sent the S&P ...
Premium Healthcare Group Ringfences Recovered Funds Until Stale Financials Are Signed Off
Egypt’s Premium Healthcare Group will lock all money reclaimed from an embezzlement case in a dedicated frozen account, ...
Egypt Expands Ration Card Data Update to 500 Post Offices, Eases Subsidy Appeals
Starting Friday 24 July, Egypt's Ministry of Supply will let citizens update ration card data at 500 post offices nation...
Casablanca Stock Exchange Ends Lower; MASI Dips 0.29%, Chemicals Surge
The Casablanca bourse closed Thursday in the red, with the MASI index down 0.29%. Forestry and paper led declines, while...
New Hope Aims to Turn Egypt into Regional Agri-Manufacturing and Export Hub
China’s New Hope plans new investments in animal feed, aquaculture and veterinary serums, with Egypt as a manufacturing ...
Facebook and Instagram Outage Disrupts Access for Desktop Users
A site issue hit Meta’s platforms, displaying an “Account temporarily unavailable” message primarily on desktop, while m...
Dhofar Tourism Returns to Profit in H1 2026 as Revenue Doubles
Oman’s Dhofar Tourism Company (DTCS) swung to a net profit of OMR 793.55k in the first half of 2026, reversing a year-ea...
du Net Profit Surges 12.6% to AED 1.63 Billion in First Half
Higher service revenues and expanding margins lifted du's H1 2026 net profit to AED 1.632 billion; the UAE telecom opera...
Kremlin Says Measures to Stabilize Russian Fuel Market Are Working
Government interventions including a gasoline and diesel export ban and tax incentives are easing domestic fuel shortage...
Erdogan Drives Besiktas Push to Sign Mohamed Salah in Summer Transfer Coup
Turkish media report that President Erdoğan is personally backing Besiktas’s bid to bring Egyptian superstar Mohamed Sal...
Baladna shareholders approve 25% capital increase via rights issue
Baladna’s shareholders have greenlit a QAR 535.99 million rights issue, raising the dairy and food company’s share capit...
CAF Sidesteps Club Slot Expansion, Boosts Women’s Football Prizes and Infrastructure
The Confederation of African Football’s latest meeting focused on technical development, women’s football funding and st...
US Stock Futures Fall on Semiconductor Weakness; Alphabet, Tesla Earnings in Focus
US index futures edged lower on Wednesday, pressured by declines in chipmakers and cautious positioning ahead of earning...
National Bank of Egypt Opens Emergency Medical Clinic at Nasr City Club
The National Bank of Egypt (NBE) has signed a protocol with Dar Al-Orouba Hospital to establish a dedicated emergency an...
Sipchem Losses Jump 250% as Supply Chain Woes and Impairment Hit Q2 2026
Sahara International Petrochemical (Sipchem) reported a SAR 591.9 million net loss in Q2 2026, up from SAR 169.2 million...
Two Commercial Ships Targeted Near UAE and Oman as US Intensifies Iranian Port Blockade
Two vessels were hit by unknown projectiles off the UAE and Oman on Sunday. Crews are safe but one ship is ablaze and ad...
KIB Invest Co-Manages $2.75 Billion Saudi Sovereign-Backed Sukuk
Kuwait’s KIB Invest acted as Joint Lead Manager on a landmark two-tranche Islamic bond for the Saudi Real Estate Refinan...
Etihad Airways and Abra Group Sign MoU to Boost Connectivity Between Latin America and Middle East
Etihad and Abra Group's new alliance could reshape travel between South America and Asia through code-sharing, loyalty i...
Saudi Riyal Rate Holds Steady Against Egyptian Pound at Tuesday's Close
Exchange rates for the Saudi riyal showed no movement on 21 July 2026, with minor differences in buy and sell prices acr...
Lecico Egypt Requests Trading Halt as Ceramics Merger Enters Final Stage
Lecico Egypt has asked the Egyptian Exchange to suspend trading on its shares from Wednesday, 22 July 2026, while it com...
Apple Reclaims World’s Most Valuable Company Title from Nvidia
Investor shift beyond pure AI chip plays lifts Apple’s market cap to $4.88 trillion, edging out Nvidia as the market rea...
Omani Listed Banks' First-Half Profits Climb 10.6%, Led by Bank Muscat
Aggregate net profit of seven listed banks on the Muscat Securities Market rose to OMR 305.38 million in H1 2026, with s...
Kuwait Central Bank Challenges UNCTAD's 2025 FDI Figures, Releases Official Data
The Central Bank of Kuwait says the UNCTAD World Investment Report 2026 uses preliminary estimates that don't reflect of...
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