Arabic Business Press, in English
329 briefs
Saudi Arabia Details Licensing Steps for Egyptian Contractors Eyeing Vision 2030 Projects
Saudi Arabia's investment ministry has published the licensing pathway Egyptian construction firms must follow to regist...
Egypt Moves to Digital Twin Operations for the Ismailia Canal
Irrigation minister Hani Sewilam directs trial use of a telemetry-linked digital twin for the Ismailia Canal, aiming to ...
Egypt Sets Compensation Rules for Owners of Distinctive-Style Buildings
Egypt's cabinet approves a framework for compensating owners of architecturally distinctive buildings barred from demoli...
Amer Group's H1 2026 Net Profit Jumps 204% to EGP 96.9m
Egyptian-listed Amer Group reported a 204% annual surge in first-half net profit to EGP 96.87m on higher revenue and a s...
Egypt Approves New Mahalla Spinning Company and Distressed Factory Restructuring Fund
Egypt's cabinet backs a split-off Ghazl El-Mahalla textile company and a state investment fund to restructure distressed...
Egytrans NOSCO Profit Jumps Fivefold as AGL Prepares Full Takeover and Delisting
Profit hit EGP 85 million and revenue reached EGP 802.7 million, while Africa Global Logistics secured a 60-day due-dili...
European Stocks End Flat as FTSE 100 Slips for Fourth Consecutive Session
The Stoxx Europe 600 held at 659 points, but London's FTSE 100 fell 0.56% on mining weakness and Middle East supply risk...
Egypt Health Ministry Tracks Injured After Arabella Plaza Mall Incident in New Cairo
Three people died and several others were injured after an incident at Arabella Plaza Mall in New Cairo on Thursday even...
Gold Closes 1% Lower as Profit-Taking Follows Two-Month High
December gold fell $47.10 to $4,420.40 an ounce as traders took profits after a two-month high; silver dropped 1% to $64...
Vertiv Plans Letterkenny Expansion and Up to 300 Jobs as AI Data Centre Demand Climbs
The critical digital infrastructure maker will seek approval for 7,000 sq m more manufacturing and testing space in Done...
Markaz Swings to H1 Profit as Q2 Revenue Rebound Offsets Q1 Loss
Kuwait Financial Centre earned KD 0.03 million in H1-2026 as Q2 revenue of KD 10.68 million reversed a KD 2.67 million f...
eToro Posts 77% GAAP Profit Jump as TradeZero Deal Deepens US Push
Second-quarter net contribution rose 9% to $229m and funded accounts climbed 18% to 4.28m, but July crypto volume fell s...
Egypt Opens Investor Applications for 10th of Ramadan Land Before 15 August
The housing ministry is offering investment plots in Hada'iq 10th of Ramadan under a usufruct system, with a 15 August d...
Ras Al Khaimah Property Transactions Hit AED2.89bn in First Half of 2026
Sales, mortgages and waivers lifted RAK's H1 property activity to AED2.89bn, with mortgage volumes peaking at AED418m in...
IP Nation Launches as First Investment Platform for Arabic Music and Entertainment IP
UAE-based IP Nation debuts with a $100m target and backing from Influence Media Partners, aiming to buy and develop Arab...
Egypt Opens 2026 Oil and Gas Exploration Round Across 14 New Concession Areas
Egypt has opened a 2026 international bid round for oil and gas exploration in 14 new areas, with EGAS blocks closing 14...
Cairo–Alexandria Train Times and Ticket Prices for Wednesday 12 August 2026
Egyptian National Railways has published Wednesday's Cairo–Alexandria services, with fares from EGP 80 for economy train...
Suez Canal Insurance Takes 12 Seats on Egyptian Insurance Federation Technical Committees
The insurer gains roles across reinsurance, microinsurance and claims as the federation launches new cyber and investmen...
SAIB Bank Posts EGP 12.4bn Revenue and EGP 458.8m Net Profit for June 2026 Period
Egypt's SAIB reported EGP 12.4bn in revenue and EGP 458.8m net profit, with loans at EGP 87.2bn and deposits at EGP 146....
Egypt Marks 12 Years of Tahya Misr Fund with New Aid Package and Support for Road Crash Families
Prime Minister Mostafa Madbouly announced food, clothing and appliance aid for vulnerable households, while the fund wil...
Egypt Rail Investment Arm MOT to Offer 6,000 Sqm of Land to Private Developers
MOT, the Egyptian National Railways investment arm, will offer two land plots totalling 6,000 sqm in Qena and Gharbia in...
Qara Energy Wins Contract to Build Yazaki's First Egypt Wiring-Harness Plant
Qara Energy will build a turnkey automotive wiring-harness complex in Fayoum for Yazaki Egypt, alongside an EGP405m righ...
How Exports Became the Lifeline for China's Carmakers
A brutal domestic price war is squeezing Chinese auto profits, pushing BYD, Chery and Geely toward overseas markets wher...
Egypt's San Misr Wins $18.6m Eni Contract to Supply Electrical Equipment for Iraq's Zubair Field
Egyptian maintenance company San Misr has won a three-year, $18.6 million tender from Italy's Eni to supply electrical e...
LG's Xboom Stage 501 Brings Real-Time AI Karaoke to Portable Speakers
LG Electronics has unveiled the xboom Stage 501, a Bluetooth party speaker that uses AI to remove vocals and change key ...
Oil Slides as OPEC and IEA Slash Demand Outlook, US Inventories Jump
Brent and WTI futures drop after OPEC cuts 2026 demand growth to 580,000 bpd and the IEA warns of a possible 1.6m bpd co...
ADNOC L&S Posts Record $951mn Q2 Profit, Upgrades 2026 Guidance for Third Time
A booming shipping market and expanding fleet propelled ADNOC Logistics & Services to a record quarter, lifting half-yea...
ADNOC Gas Boosts 5-Year Capex to $28bn as Rich Gas Project Advances
ADNOC Gas lifts its 2026–2030 committed capital expenditure by $8 billion to $28 billion following a final investment de...
ADNOC’s Listed Companies Generate $25.3bn H1 Revenue as Growth Investments Accelerate
The six publicly traded units of Abu Dhabi’s energy giant posted a combined net profit of $4.8bn and advanced major proj...
Egypt's Electricity Load Holds at 38.5 GW as Dabaa Nuclear Unit Hits Inner Containment Milestone
Stable power demand is met with over 3.8 bcf/d of gas and 12,000 tonnes of mazut, while the first nuclear unit's fourth ...
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