Business

CBE: Bank finance portfolios for MSMEs grew by 362% in 6 years

The Central Bank of Egypt (CBE) announced that banks’ finance portfolios for micro, small, and medium-sized enterprises (MSMEs) grew by 362% in six years (December 2015 to December 2023).

In a report obtained by MENA on the main indicators of financi…

Irrigation Minister lauds fruitful cooperation with UNDP

Irrigation and Water Resources Minister Hani Sewilam has praised current good cooperation between the ministry and the United Nations Development Program (UNDP).

The minister’s remarks came during his meeting with Abdallah Al Dardari, Assistant Secre…

Bahrain All Share Index marks 2,002.64 points

Manama: Bahrain All Share Index has closed at 2,002.64 points, marking a decrease of 3.78 points below the previous closing.

This decrease was due to the drop in the financial sector and the real estate sector.

Bahrain Islamic Index has closed at 81…

KBA: July 7 official holiday for banks on Hijri new year

All local banks will close on Sunday, July 7, as an official holiday on the occasion of the new 1446 Hijri year, Kuwait Banking Association (KBA) announced Thursday.

KBA said in a press release that all banks will resume their work the day after (Mon…