Arabic Business Press, in English
329 briefs
Egypt Targets End-September Rollout for Post-IMF National Economic Program
Prime Minister Madbouly confirms the government is drafting a new economic blueprint to succeed the IMF deal, backed by ...
US Stocks Surge as Microsoft and Chips Lead Recovery from Post-Fed Sell-off
US equities rebounded on Thursday, with the Nasdaq up 2.5%, driven by a 15% jump in Microsoft shares and a semiconductor...
European Equities Climb, STOXX 600 Near Annual High, as Earnings Overpower Oil Fears
European shares advanced on Thursday, driven by strong bank and industrial earnings, with the STOXX 600 near a one-year ...
Dollar Slides as US Inflation Cools and GDP Misses; Yen Surges on Intervention Bets
The dollar fell broadly after weaker-than-expected US economic data pushed back rate hike expectations. The yen jumped 2...
Anglo American’s Profits Surge to $4 Billion as Copper Strategy Pays Off
A sharp rise in copper earnings drives Anglo American’s profits 35% higher, validating its restructuring pivot and boost...
First Africa-Wide Financial Stability Report Maps a $4 Trillion System Dominated by Banks and Powered by Mobile Money
Egypt’s central bank, leading a coalition of 46 nations, published the continent’s maiden macro-financial stability repo...
Shell Eyes Pearl GTL Restart by Q1 2027 as Best Profit in Four Years Bolsters Resilience
Shell expects its damaged Pearl gas-to-liquids plant in Qatar to resume output by end-March 2027, provided Strait of Hor...
Rolls-Royce Lifts Profit Outlook on Defence and AI Data Centre Boom
The British engineering group raised full-year profit guidance after first-half earnings jumped 46%, driven by surging d...
Egypt Unveils Greco-Roman Stelae, Sarcophagi and Amulets at Tell el-Deir in Damietta
A Egyptian archaeological mission has discovered around 20 limestone gravestones, terracotta coffins and funerary amulet...
Egypt Economic Entities’ Projects Hit EGP 1.43 Trillion, Revenues Top 2.5 Trillion
CAPMAS data shows Egypt’s public economic agencies posted record FY2024/25 results, with mining-related revenue surging ...
Damietta Port Operations Normal After Drone Attack on Two Ships
Egypt’s Damietta port authority confirms full operational continuity at all terminals following a drone strike that caus...
Lajam Sports Stock Tests Key SAR 78.70 Resistance as Buying Momentum Picks Up
Shares of Saudi gym operator Leejam Sports are challenging a critical technical level, with rising volumes supporting a ...
Egypt's Fodico Sees Profits Halve in H1 2026 as Land Dispute Clouds Outlook
Ismailia National Food Industries (Fodico) reported a 46.8% drop in net profit to EGP 30.9 million, while grappling with...
BBK Proposes 7.5% Interim Dividend After First-Half Profit Rises 10%
Bahrain Kuwait Bank's board has recommended a 7.5 fils per share interim cash dividend for H1 2026, reflecting a 10% pro...
Dubai Stocks Edge Lower at Midday, Abu Dhabi Ticks Up in Mixed UAE Trading
The Dubai Financial Market slipped 0.235% while the Abu Dhabi Securities Exchange added 5.57 points, as investors traded...
UAE Markets Mixed Intraday: Amanat, National Takaful Lead Sessions’ Gains
Dubai's index fell 0.2% while Abu Dhabi held a slight positive trend mid-session. Amanat Holdings and National Takaful I...
ADNOC Drilling H1 profit edges up 1.4%, Q2 dividend set at $263m
Steady earnings growth supported by a 4% revenue increase, while the board approved an interim dividend of 6.025 fils pe...
Gold Slides as Treasury Yields Rise, Traders Weigh Fed Messaging After Rate Pause
Spot gold dropped 0.4% to $4,048 as rising U.S. bond yields increased the opportunity cost of holding the metal; investo...
Abu Dhabi Islamic Bank Posts 8% Profit Growth in H1 2026 as Financing Income Surges
ADIB’s net profit reached AED 3.76 billion, driven by a 14% jump in financing income and record balance sheet expansion,...
Sisi and Tebboune Back Peaceful Iran Settlement, Reject Threats to Arab States
Egypt's President Abdel Fattah el-Sisi and Algeria's President Abdelmadjid Tebboune pledged joint support for a diplomat...
Dow Plunges 1,100 Points as Bond Yields Surge and Oil Spikes Amid Inflation Fears
US stocks fell sharply after the Fed held rates steady despite three dissenters, while a jump in oil prices above $90 an...
IMF Says Saudi Economy Resilient, Projects 5.5% Growth Next Year
The IMF's Article IV review hails Saudi Arabia's economic reforms, non-oil momentum, and AI potential as geopolitical te...
S&P Global: Only Severe El Niño and Costly Policy Responses Would Threaten Sovereign Ratings
A senior S&P analyst says El Niño alone is unlikely to cause sovereign downgrades, but governments that impose broad pri...
Fire Strikes LNG Vessels at Damietta Port, Ministry Confirms No Injuries
A fire broke out on the regasification and storage vessels at Egypt's Damietta LNG terminal. Emergency teams responded i...
FIFA’s $20bn Private Investor Plan Sparks Bribery Accusations as Infantino Sets 53-Day Ultimatum
Gianni Infantino faces a storm of criticism over a scheme to sell a minority stake in FIFA’s commercial rights to privat...
Amman Stock Exchange Index Rises 0.53% on Industrial and Financial Sector Gains
The Amman Stock Exchange closed at 3,978.68 points, up 21 points, with the industrial index jumping 1.52% on pesticide a...
Egypt and Mozambique Sign Civil Aviation Pact to Deepen Technical Ties
Egypt’s Civil Aviation Minister witnessed the signing of an MoU with Mozambique aimed at strengthening regulatory cooper...
DAE Completes Macquarie AirFinance Acquisition, Scaling Up Global Fleet
Dubai Aerospace Enterprise closed its purchase of Macquarie AirFinance, adding a large aircraft portfolio and orderbook ...
Dollar Edges Lower Ahead of Fed Decision, Yen Near 40-Year Low
The US dollar dipped slightly but held near one-month highs on Wednesday as markets braced for a Federal Reserve rate de...
Saudi Housing Ministry Issues Updated Safety Guidelines for Shared Accommodation
The Ministry of Municipalities and Housing calls for strict compliance with updated technical and health requirements in...
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