economy

Egyptian banks report record profits of $10.6 billion in 2024

The net return for banks rose to EGP915 billion in 2024, up from EGP582.5 billion

Bank of England: Pound falls as interest rates remain unchanged amid global trade concerns

Yields on British gilts slip slightly, with 10-year yield recorded over four basis points lower

DP World launches deep-water port project in Congo

This collaboration marks a key milestone in the Banana Port project, transforming trade and boosting DRC’s economy

Asian stock markets mixed after China central bank keeps rates steady

Downward trends followed Beijing's decision to maintain the five-year and one-year loan prime rates at 3.6 percent

UAE’s eInvoicing program: New portal, stricter criteria to boost financial efficiency

Accreditation is valid for two years; service providers must submit renewal applications before expiration

ADIO partners with global creator firm to establish regional HQ as content creator economy nears $440 billion

Gushcloud's expansion is set to create 100+ full-time jobs across tech, finance, sales, and legal sectors

Emirates anticipates busy weekends before Eid al-Fitr, with over 80,000 daily travelers for spring break

Emirates advises customers to allow extra time for journeys to Terminal 3 due to expected traffic congestion

Al-Mashat: Economic growth in Egypt to see boost in Q2, supported by industry

The Minister noted Egypt's competitive advantages: a diverse economy, strong industrial base, and skilled workforce

Federal Reserve, UAE central bank hold interest rates steady as Trump’s policies raise economic concerns

The UAE central bank has also decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40 percent

UAE, EU strengthen relations as bilateral non-oil trade reaches $67.6 billion

Bilateral non-oil trade between the UAE and Belgium reached $4.7 billion in 2024

UAE real estate: Leading 2024 project awards with 45 percent share worth $40.6 billion

Dubai's residential sector saw 32 percent sales growth in 2024, reaching $99.9 billion, driven by investor interest

EFG Holding posts record revenue of $482 million with strong growth across verticals

The Group's net operating profit rose 84 percent Y-o-Y in FY24 to $175.9 million