Arab Finance: The first package of tax facilities marks a solid start for partnership with the business community in order to improve the investment climate, Minister of Finance Ahmed Kouchouk stated ...

According to IMF projections for 2024, Kuwait is expected to lead Arab countries in government revenues as a percentage of GDP, with 75.3%, followed by Libya at 63.8% and Iraq at 43.4%. Egypt ranks ...

Arab Finance: First Abu Dhabi Bank Misr (FABMISR) has led a banking alliance in the signing of a syndicated loan facility worth EGP 4.4 billion for Saudi Egyptian Developers (SED), according to an ...

Arab Finance: The Financial Regulatory Authority (FRA) has issued new regulations requiring insurance companies to regularize their operations in line with the recently implemented Unified Insurance ...

Arab Finance: The Egyptian Ministers of Finance and Tourism and Antiquities unveiled an initiative to bolster the tourism sector with EGP 50 billion in financing facilities, aiming to increase hotel ...

Arab Finance: Egypt is working to raise its non-oil trade with Saudi Arabia by approximately 20% in 2025 to about $8.137 billion, versus its current target of $6.781 billion for end-2024, Head of the ...

Arab Finance: American oil and gas company Halliburton is set to finish drilling four deep-water natural gas wells in Egypt by the end of November, Al Arabiya Business reported, citing an official.

Arab Finance: Egypt’s index of manufacturing and extractive industries, excluding crude oil and petroleum products, recorded 111.44 in August 2024, down by 0.01% month on month (MoM) from 111.45 in ...

Arab Finance: Egypt's budget deficit declined to 2.12% of gross domestic product (GDP) during the first quarter (Q1) of the fiscal year (FY) 2024/2025, versus 3.26% of GDP in the same period a FY ...

Arab Finance: The Administrative Capital for Urban Development (ACUD), the General Authority for Investment and Free Zones (GAFI), and the UAE-based DP World have signed a memorandum of understanding ...

Arab Finance: An ownership transfer transaction has been executed on 2.760 million shares of Raya Holding for Financial Investments (RAYA) at a value of EGP 9.522 million under the employee stock ...

Arab Finance: Egypt’s net foreign assets (NFAs) hit a surplus of EGP 498.697 billion in September, versus a deficit of EGP 828.733 billion in the same month last year, as per data from the Central ...