Business & Finance

CBE: Egypt’s Real GDP Grows 2.4% in 9 Months

Egypt’s real gross domestic product (GDP) grew 2.4 per cent during the period from July 2023 to March 2024, compared to 4.1 per cent in corresponding period last year, a central bank report showed on Wednesday2/10/2024.

According to the Central Bank …

Cabinet Express Concerns Over Developments in Lebanon

The cabinet voiced deep concerns about the ongoing developments in Lebanon.

It asserted Egypt’s full solidarity with the Lebanese government and people, pledging to exert all needed efforts to maintain stability, unity of lands and sovereignty of Leb…

PM reviews implementation of UDF projects in Egypt

Prime Minister Moustafa Madbouli met Monday night with chairman of the Urban Development Fund Khaled Sediq to follow up on the implementation of UDF projects across Egypt.

Sediq posted Madbouli on progress achieved in the Darah Provincial Capitals De…

Bahrain All Share Index marks 2,008.59 points

Manama, Bahrain All Share Index has closed at 2,008.59 points, marking a decrease of 4.18 points below the previous closing.

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

Bahrain Islami…

CBB Sukuk Al Ijara oversubscribed

Manama, The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al Ijara, has been oversubscribed by 391%.

Subscriptions worth BD 102 million were received for the BD 26 million issue, which …

CBB grants first BNPL license to Tamara Bahrain

Manama, The Central Bank of Bahrain (CBB) has granted Tamara Bahrain the first Buy Now Pay Later (BNPL) license to operate in the Kingdom.

Tamara is a payment platform headquartered in Saudi Arabia with operations in the United Arab Emirates and Kuw…

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