Egyptian pound settles near EGP 52 for $USD at Wednesday COB
The Egyptian pound has stabilized near EGP 52 to the dollar this week after sharp fluctuations triggered by the escalating…
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Australia-Saudi Business Chamber forms emergency committee to safeguard trade flows
The Australia-Saudi Business Chamber has formed an emergency working committee to explore measures aimed at maintaining trade continuity amid disruptions…
Wio Bank PJSC reports AED 61bln assets and record revenue of AED 1.24bln in FY2025
More businesses and individuals chose Wio as their primary bank, with customer deposits soaring to AED 57 billion Wio ranked…
Al Masraf profit before tax rises by 31% to a strong AED 336mln in 2025
Arab Bank for Investment & Foreign Trade (Al Masraf) today announced its financial results for the year ended 31 December…
SoftBank’s PayPay prices IPO below range at $16 a share
Visa, the Abu Dhabi Investment Authority and a subsidiary of the Qatar Investment Authority are anchoring the IPO by purchasing…
Abu Dhabi wealth fund ADIA backs France’s Ardian in real estate secondaries push
The Abu Dhabi Investment Authority is backing a new real estate secondaries platform by Ardian, a French-based private investment firm.…
Estithmar Holding net profit surges 122% to QAR 938 million; revenue rises 54% to QAR 6.4 billion for the year ended 31 December 2025
Estithmar Holding Q.P.S.C. has announced its financial results for the year ended 31 December 2025. The group reported a…
Aramco CEO warns of oil market catastrophe in prolonged Iran war
Saudi Aramco’s chief executive officer warned the impact on global oil markets will be “catastrophic” the longer the disruption from…
Karm Holding secures EGP 70mln shariah-compliant financing from Banque Misr to expand Cairo 3A project
Venus, a subsidiary of Karm Holding, has secured Shariah-Compliant financing worth EGP 70 million from Banque Misr to support the…
Egyptian pound weakens past 52 per dollar amid regional tensions
The dollar closed at EGP 52.11 for buying and EGP 52.21 for selling, according to data from the Central Bank…
Egypt reviews fair value study for IPO-planned Banque du Caire
The committee reviewing the performance of state-owned and government-backed entities examined a study on the valuation of state-owned Banque du…
Middle East wealth funds ADIA, QIA to anchor SoftBank’s PayPay IPO
PayPay Corporation, a subsidiary of SoftBank Group, has lined up Abu Dhabi Investment Authority (ADIA) and the investment arm of…