Business & Finance

Minister: Scaling up exports to $100b is a priority

Khatib has said such a target can be achieved by promoting export-orientated investments, enhancing the competitiveness of Egyptian products in global markets, opening new markets, leveraging free and preferential trade agreements, as well as utilisin…

Bahrain All Share Index marks 2,005.18 points

Manama, Bahrain All Share Index closed at 2,005.18 points, marking an increase of 2.54 points above the previous closing.

This increase was due to the rise in the financial sector.

The Bahrain Islamic Index closed at 814.59 points, marking an increa…

CBB Sukuk Al Salam securities oversubscribed by 100%

Manama, The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al Salam Islamic securities has been Fully Subscribed by 100%.

Subscriptions worth BD 43 million were received for the BD 43 million issue, which carries a maturi…

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…

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Ayla Red Sea Half Marathon Set to Boost Sports Tourism in Aqaba

Aqaba:The city of Aqaba is gearing up to welcome runners and visitors on December 4 for the Ayla Red Sea Half Marathon, a major event aimed at enhancing the city’s tourism appeal and reinforcing its status as a hub for sports tourism.

According to J…