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Alpha Dhabi Commits $1bn to AI Fund After EarlierStake Reaches $3.9bn

Business & Economix MEO Editorial -
Abu Dhabi-listed group doubles down on global technology investments after its previous Alpha Wave fund records AED 3.4bn in...

Egypt Stocks Slide as Banque du Caire IPO Draws 27-Fold Demand

Market Updates & Finance Mona Alameddine -
CAIRO, October 29 — Egyptian stocks surrendered nearly half Tuesday's rebound as the benchmark EGX30 fell 1.64% to 49,281.24...

Egypt Eyes Industrial Expansion Across Africa as Regional Trade Hits $214bn

Business & Economix MEO Editorial -
New industrial strategy targets seven priority industries, with pharmaceuticals and agribusiness central to regional investment plans.Egypt is considering new...

Egypt’s Gold Rises as Weaker Pound Offsets Global Sell-Off

Market Updates & Finance MEO Editorial -
21-karat gold climbs 2.2% in less than two weeks despite falling international bullion prices, exposing the growing influence of...

Egypt Stocks Rebound 3.5% as $619mn Debt Selling Tests Recovery

Market Updates & Finance Mona Alameddine -
CAIRO, Egypt's benchmark EGX30 surged 3.49% to 50,104.83 points on Tuesday, October 27, as a broad equity rally restored...

Egypt’s Pound Hits Record Low as Debt Selling Deepens Market Strain

Market Updates & Finance Mona Alameddine -
CAIRO, Egypt's benchmark EGX30 fell 1.66% to 48,416.94 points on Monday, extending a three-session decline as the pound weakened...

Egypt’s KIMA Posts Record EGP11.23bn Revenue as Profit Jumps 82%

Industry Insights Nagy Rashed -
CAIRO — Egyptian Chemical Industries (KIMA) has secured shareholder approval for record annual revenue of EGP11.23 billion in the...

Egypt Halts Stock Trading as Market Loses EGP171bn

Market Updates & Finance Mona Alameddine -
First market-wide suspension since 2021 follows a 10% plunge in EGX100, while the pound's accelerating depreciation deepens pressure on...

Egypt-China Ventures Plan $500m Power Equipment Expansion

Industry Insights MEO Staff -
CAIRO — Two Egyptian-Chinese joint ventures plan initial investments of up to $500 million to expand electrical-equipment manufacturing and...
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