Business & Finance

CBE: Bank finance portfolios for MSMEs grew by 362% in 6 years

The Central Bank of Egypt (CBE) announced that banks’ finance portfolios for micro, small, and medium-sized enterprises (MSMEs) grew by 362% in six years (December 2015 to December 2023).

In a report obtained by MENA on the main indicators of financi…

Irrigation Minister lauds fruitful cooperation with UNDP

Irrigation and Water Resources Minister Hani Sewilam has praised current good cooperation between the ministry and the United Nations Development Program (UNDP).

The minister’s remarks came during his meeting with Abdallah Al Dardari, Assistant Secre…

Bahrain All Share Index marks 2,002.64 points

Manama: Bahrain All Share Index has closed at 2,002.64 points, marking a decrease of 3.78 points below the previous closing.

This decrease was due to the drop in the financial sector and the real estate sector.

Bahrain Islamic Index has closed at 81…

16,000 tons of goods handled at Red Sea Ports

About 16,000 tons of goods were handled at the different Red Sea harbors on Tuesday, the Red Sea Ports Authority (RSPA) said.

In a statement, the RSPA said the imports included 6,500 tons of goods, 477 trucks and 292 cars, while the exports included …

PM : North Coast icon to attract foreign investments

Prime Minister Moustafa Madbouli asserted that the North Coast of Egypt is one of the key icons that can attract direct foreign investments and is a global tourist destination.

In his speech during a conference declaring an investment partnership pro…

Bahrain All Share Index marks 2,015.74 points

ManamaBahrain All Share Index has closed at 2,015.74 points, marking a decrease of 1.41 points below the previous closing.

This decrease was due to the drop in the communication services sector and the financial sector.

Bahrain Islamic Index has clo…

Oil prices closed approximately 2 % higher at settlement

Oil prices closed, Monday, up about two percent at settlement, recording the highest level in two months, amid expectations of increased demand during the peak summer travel season in the Northern Hemisphere.

Brent crude futures rose $1.60, or 1.9 %,…

Bahrain All Share Index marks 2,017.15 points

Manama: Bahrain All Share Index has closed at 2,017.15 points, marking a decrease of 8.34 points below the previous closing.

This decrease was due to the drop in the communication services sector, the financial sector and the material sector.

Bahrai…

Mazad announces strategic partnership with ASRY

Manama: Bahrain’s leading auction platform Mazad, a local portfolio company of Bahrain Mumtalakat Holding Company mandated with overseeing Bahrain’s public and online auctions, has announced a strategic partnership with the Arab Shipbuilding and Repai…

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U-20 Team to Face Bahrain in Asian Cup Qualifiers Thursday

Manama: The U-20 national football team is set to compete against hosts Bahrain at 8:30 p.m. on Thursday in the 2027 AFC U-20 Asian Cup qualifiers. This pivotal match is part of Group D, which also includes Afghanistan and Tajikistan, with all qualify…