Weekly Recap of Top 10 Trending Headlines
Updated 9/13/2024 9:00:00 AMArab Finance: The second week of September has been jammed with compelling news headlines, from Egypt probing strengthening ties with Germany to Türkiye showing interest in offshore gas fields in Egypt.
Below is our lineup for the 10 top news stories of the five working days ended on September 12th.
The Egyptian President Abdel Fattah El-Sisi met with German President Frank-Walter Steinmeier at Al-Ittihadiya Palace to mull ways of enhancing bilateral cooperation in various fields.
Remittances from Egyptians working abroad rose by 86.8% year on year (YoY) to roughly $3 billion in July 2024.
Egypt’s annual headline inflation shrank to 25.6% in August, compared to 39.7% in the same month of 2023.
Chairman of Banque Misr Mohamed El-Etreby confirmed the upcoming leadership changes at Egypt's largest two public banks.
The General Authority for Investment and Free Zones (GAFI) is collaborating with the Ministry of Communications and Information Technology to modernize its service delivery platform.
Green economy is a top priority for Egypt and the entire world.
The Ministry of Petroleum and Mineral Resources confirmed that recent acquisition of Centamin, the sole owner of the Pharaoh Gold Mines, by AngloGold Ashanti will not affect Egypt’s rights or revenues from the Sukari Gold Mine.
Contact Pay, a subsidiary of Contact Financial Holding, has signed a partnership agreement with a subsidiary of Basata Holding for Financial Payments to bolster the e-payment infrastructure in Egypt.
Egyptian company Petrojet has signed a $100 million contract with Russia’s Atomstroyexport, the general contractor for El-Dabaa nuclear project.
Türkiye has shown interest in offshore gas fields in Egypt, intending to supply hydrocarbons using Turkish floating storage and regasification unit (FSRU) vessels.
