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Business

 GFH Earns $42 Million in the First Half of 2022

GFH Earns $42 Million in the First Half of 2022

GFH Financial Group announced a net profit of $23.06 million during the second quarter of 2022, an increase of 10.2 percent compared to $20.92 million for the second quarter of 2021. The profit increase reflected the steady growth and continued progress of the Manama-based financial group. GFH

Egypt’s Annual Urban Consumer Inflation Rises to 13.6% in July

Egypt’s Annual Urban Consumer Inflation Rises to 13.6% in July

Egypt's annual urban consumer inflation accelerated to 13.6% year-on-year in July from 13.2% in June, data from the country's statistics agency CAPMAS showed on Wednesday. Month on month, headline inflation increased by 1.3%, compared to a 0.1% decrease in June.

Saudi Industrial Sector Stimulates Women’s Investments

In a move that aims to promote the inclusion of women and young businessmen in the industrial sector, Saudi Arabia has prepared nearly 78 ready-made factories in Sudair City for Industries and Business (north of Riyadh), to be used by SMEs and small entrepreneurs. Eng.

Saudi Arabia Operates New Salwa Crossing with Qatar

Saudi Arabia Operates New Salwa Crossing with Qatar

Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, launched on Monday the trial operation of the passengers’ section at the new Salwa crossing, which links Saudi Arabia with Qatar. He noted that the crossing would primarily contribute to enhancing vehicle and passenger traffic

Apache Seeks to Pump New Investments in Egypt

Apache Seeks to Pump New Investments in Egypt

US corporation Apache is scheduled to pump more investments in its concession areas in the Western Desert, announced Egypt's Petroleum and Mineral Resources Ministry.

Egypt, World Bank Discuss Activating Food Security Agreement

Egypt, World Bank Discuss Activating Food Security Agreement

Cairo is discussing with the World Bank a $500 million development funding deal, which is meant to boost Egypt’s efforts to help achieve food security and to strengthen the Egyptian economy to confront the repercussions of the Russia-Ukraine war.

Syria More Than Doubles Petrol Prices

Syria More Than Doubles Petrol Prices

Syria's internal commerce ministry has announced a petrol price hike of around 130 percent in the war-torn country facing fuel shortages and extended power cuts. The cost of a liter of subsidized fuel will rise to 2,500 Syrian pounds, from 1,100 previously, a rise of 127 percent, the ministry sai

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