Business

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…

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…

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…

Dhaman: Kuwait ranks 5th in largest exports in Arab region list

The Arab Investment and Export Credit Guarantee Corporation (Dhaman) said on Monday that Kuwait was ranked fifth in Dhaman’s largest exports in the Arab region 2023 list in the 39th report of Investment Climate in Arab Countries for 2024.

In a press …