Business

CBE: Egypt’s Real GDP Grows 2.4% in 9 Months

Egypt’s real gross domestic product (GDP) grew 2.4 per cent during the period from July 2023 to March 2024, compared to 4.1 per cent in corresponding period last year, a central bank report showed on Wednesday2/10/2024.

According to the Central Bank …

CBB grants first BNPL license to Tamara Bahrain

Manama, The Central Bank of Bahrain (CBB) has granted Tamara Bahrain the first Buy Now Pay Later (BNPL) license to operate in the Kingdom.

Tamara is a payment platform headquartered in Saudi Arabia with operations in the United Arab Emirates and Kuw…

Hyundai Motor, Saudi foundation sign MoU for smart city project

Seoul, Hyundai Motor Group said Tuesday it has signed an initial pact with a Saudi Arabian foundation for cooperation in a smart city project.

The South Korean automotive group and Misk Foundation signed a memorandum of understanding (MoU) for a par…

Council of Arab Central Banks 48th meeting kicks off in Cairo

The 48th ordinary session of the Council of Arab Central Banks and Monetary Authorities’ Governors kicked off Tuesday here with the participation of Governor of the Central Bank of Kuwait (CBK), Basel Al-Haroon.

During his speech in the opening sess…

Japanese big makers’ business confidence unchanged

Business confidence among major Japanese manufacturer in September was unchanged from three months earlier, the Bank of Japan said Tuesday. The central bank’s quarterly survey showed the business sentiment index among big manufacturers, such as autom…