Arabic Business Press, in English
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Egypt Weighs Raising Tax Exemption to EGP 100,000 in Third Relief Package
Senate economic committee secretary proposes higher income and VAT thresholds, sukuk and charity incentives as Egypt sta...
Lufthansa Group to Resume Dubai Flights With Up to 36 Weekly Services
Lufthansa and Eurowings will restart phased Dubai flights from late October, rebuilding Gulf capacity after regional sec...
Egyptian Banks Quote Dollar Between EGP 51.10 and EGP 51.27
State and private lenders in Egypt posted US dollar rates near EGP 51.14 for buying and EGP 51.20–51.27 for selling on 9...
SPHT Quote: Al Shams Pyramids Trades at EGP 1.530, Testing 52-Week Low
Egyptian Exchange-listed Al Shams Pyramids for Touristic Establishments (SPHT) was quoted at EGP 1.530 on 5 September 20...
FAB Becomes First MEA Bank to Complete Tokenised Deposit Test With Citi on Swift Ledger
First Abu Dhabi Bank completed live 24/7 USD tokenised deposit transactions with Citi on Swift’s Ledger MVP, validating ...
Schroders Adds Long-Dated US Treasuries, Sees Yield Peak Near 5%
The British asset manager says 10-year US yields of 4.8%–5% are a buying opportunity, while Equiti's research chief outl...
Moody's Sees Qatari Bank Profits Slipping in 2026 Before 2027-28 Rebound
Higher risk costs tied to the Middle East conflict are set to push Qatari banks' returns to 1.0%-1.1% of tangible assets...
Egypt’s FRA Extends Liquidation of Damanhour Carpet Workers’ Insurance Fund by One Year
Egypt’s financial regulator gave the fund’s liquidation committee another year from 23 July 2026 — or until completion —...
Political Backlash Threatens the U.S. AI Data Center Boom
State-level reviews, moratoriums and cost-shifting proposals are rewriting the assumptions behind America's AI data cent...
Bahrain Main and Islamic Indices Slip in Thin Sunday Trading
Bahrain's all-share index fell 1.63 points to 1,952.48 and the Islamic index eased 2.1 points to 927.56, as telecom, con...
Jordan's Inflation Accelerates to 2.7% in July, Lifting Seven-Month Rate to 2.13%
Annual consumer price growth in Jordan reached 2.7% in July, up from 1.68% a year earlier, while the first seven months ...
Niger Signs $1.9bn Deal for Third-Largest West African Refinery in Dosso
The 100,000 barrel-per-day Dosso refinery and petrochemical complex would quintuple Niger's refining capacity and target...
Egypt Weighs Joint-Stock Conversion for Bourse to Deepen Capital Markets
A proposal to turn Egypt's bourse into a shareholding company is splitting market professionals: backers see more flexib...
iPhone 17 May Not Get Cheaper After iPhone 18 Launch, Leaker Claims
A new leak suggests Apple may not cut the iPhone 17's price when the iPhone 18 arrives, upending buyers' usual upgrade t...
Trump Media Sells $100,000 Early Access to Truth Social Posts Amid Deepening Losses
More than 10 firms have signed up for Truth API, a paid feed giving traders early access to Donald Trump's market-moving...
Sergey Brin Spent $102 Million to Block California's Billionaire Wealth Tax
The Google co-founder's latest $20 million donation funds competing ballot measures that could nullify Proposition 40, a...
Gold Bulls Get New Fuel: JPMorgan Sees $6,300, UBS $5,900 for 2026
UBS sees gold near $5,900 an ounce and JPMorgan projects $6,300 by end-2026, driven by central-bank buying, geopolitical...
Coinbase Secures ADGM Licence for Abu Dhabi Tokenisation Hub
The US exchange wins regulatory approval in Abu Dhabi to arrange investment deals and provide custody for tokenised secu...
IMF Sees $4.7 Billion of Egypt State Divestment Proceeds Going to Debt Reduction
The estimate is conditional on completing remaining asset sales and allocating at least half to debt, while the fund war...
Egypt Takes In 4.72 Million Tonnes of Local Wheat as Season Nears Close
State buyers have collected 4.719 million tonnes of Egyptian wheat, up 780,823 tonnes on 2025, leaving a narrow gap to t...
El Dabaa Unit 1 Starts Fifth Inner Containment Level Installation
Twelve site-fabricated segments weighing 40–45 tonnes each will be assembled into a ring over two weeks using a 2,200-to...
US Energy Secretary: Iran's Strategy Will Fail and Its Market Leverage Will Shrink
Chris Wright says Iran's disruption strategy is losing, points to 8–9 million barrels daily through Hormuz, and reiterat...
Vance Says Cutting US Gasoline Prices Is Top Priority in Iran War
Vice President J.D. Vance says the Trump administration's first goal is keeping oil and gas prices low across America, w...
Oil Prices Rise Over 1% as US Threatens Open-Ended Iran Naval Blockade
Crude extends weekly gains above 5% after Washington signals unprecedented economic isolation measures and revives suppl...
EFinance Bets on New Non-Banking Deals as Profit Jumps 62.5%
EFinance has taken full control of SME and microfinance provider Tamweely and a minority stake in Welsy, extending its e...
OPPO Launches Reno16 Series in UAE With Matcha Event, Up to 7,000mAh Batteries and Bundles
The Reno16, Reno16 Pro and Reno16F are now on sale in the UAE with 50MP selfie cameras, up to 200MP sensors and launch b...
Alshaya Group Brings Chipotle to Saudi Arabia with First Riyadh Restaurant
Alshaya Group is launching Chipotle Mexican Grill in Saudi Arabia with a Riyadh debut at Sidra, next to Granada Mall, ex...
Egypt Confirms August 2026 Salary Payment Dates for State Workers
The finance ministry says public-sector salaries will be available from August 23, with separate arrears dates of August...
XRG Enters Venezuela's Loran Offshore Gas Licence With bp and UCC
ADNOC's XRG is joining a Venezuelan offshore gas block it says holds more than 4 trillion cubic feet of proven gas, deep...
ADNOC's XRG Enters Venezuela Through Loran Offshore Gas Concession
XRG, ADNOC's international energy investment arm, has taken a stake in Venezuela's Loran offshore gas concession alongsi...
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