Business & Finance

Bank of Israel keeps key interest rate at 4.5%

Tel Aviv – Ma’an – The Bank of Israel kept interest rates unchanged on Monday for the fourth consecutive meeting, maintaining its cautious policy due to the nine-month war that Israel has been waging on the Gaza Strip, as well as stable inflation.

Th…

Egyptian abroad remittances record $2.7B in May 2024: CBE

During May 2024, remittances sent by Egyptians working overseas experienced a substantial annual increase of 73.8 percent, totaling approximately $2.7 billion.

In comparison, the remittances in May 2023 amounted to around $1.6 billion, as reported by…

Petroleum Min. received Apache Egypt President

Minister of Petroleum and Mineral Resources Karim Badawi, stressed that Egypt has a sincere desire to create an attractive investment climate in all fields and to benefit from expertise in achieving sustainable development goals, and in cooperation wi…

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Building Licenses Rise 3.2% in First Half of 2026

Amman: The number of building licenses issued in the Kingdom rose by 3.2 percent in the first half of 2026, reaching 12,070 compared with 11,700 in the same period of 2025, the Department of Statistics (DoS) said Monday.

According to Jordan News Agen…