Trading Economics-


The S&P/ASX 200 Index inched up 0.07% to close at 7,937 on Monday, building on last week’s gains as strong private sector activity data lifted market sentiment. Manufacturing activity in Australia expanded at the fastest pace in 29 months in March, while services growth also accelerated. Notable performances were seen from index heavyweights such as Commonwealth Bank (1.4%), Fortescue (3.2%), NAB (2.2%), Mineral Resources (6.9%), and Telix Pharmaceuticals (4.4%). In corporate news, James Hardie plunged 14.5% following its A$14 billion acquisition deal for US outdoor building products maker AZEK. Mortgage insurer Helia Group also sank 25.6% after disclosing that its lenders mortgage insurance (LMI) contract with Commonwealth Bank could be in jeopardy, as the bank entered exclusive talks with an alternative provider.

Trading Economics-


The Nikkei 225 Index fell 0.18% to close at 37,608, while the Topix Index lost 0.47% to 2,791 on Monday, with the former sliding for the third consecutive session ,Domestically, fresh data showed that Japan’s private sector activity contracted for the first time in five months, with manufacturing extending its nine-month downturn, while services activity also turned negative. Notable declines were seen in index heavyweights such as Mitsubishi Heavy (-2.2%), Mitsubishi UFJ (-2%), Disco Corp (-1.7%), Advantest (-1.2%), and IHI Corp (-1.2%).

Trading Economics-


The benchmark KOSPI fell 0.4% on Monday, closing at 2,632 points after erasing earlier gains to snap a five-session winning streak, with chip and steel stocks leading the retreat.Among index heavyweights, chipmakers Samsung Electronics and SK Hynix both dropped 1.9%. In the steel sector, Posco Holdings (-5.7%) and Korea Zinc (-3.2%) led the losses.

Trading Economics-


New Zealand's benchmark S&P/NZX 50 index edged up 0.1% to close around 12,128 on Monday, as concerns over looming US reciprocal tariffs limited gains in distribution services and utilities stocks.Among gainers, Steel & Tube rose over 1%, while Meridian Energy, Mercury NZ, and Contact Energy climbed 2.3%, 0.7%, and 0.9%, respectively. On the downside, Synlait Milk plunged nearly 11%, despite reporting fiscal half-year earnings of NZ$0.0101 per diluted share, recovering from a loss of NZ$0.4402 a year ago.

Trading Economics-


The Shanghai Composite edged up 0.15% to close at 3,370, while the Shenzhen Component added 0.07% to 10,695 on Monday, as mainland stocks reversed early losses and snapped a three-day losing streak amid improving risk sentiment.Meanwhile, Chinese Premier Li Qiang reiterated the need for greater market openness to counter global instability at the China Development Forum in Beijing on Sunday, where US Senator Steve Daines and Apple CEO Tim Cook were in attendance. Among the session’s top performers were Wolong Electric (10%), Victory Giant (5.8%), Beijing Highlander (6.1%), Zijin Mining (2.7%), and Eoptolink Technology (4.6%).

Trading Economics-


The BSE Sensex rose about 1.4% to close at 77,984 on Monday, its highest since early February and advancing for the 6th straight session, supported by foreign fund inflows and global positive cues. On the domestic economic front, a fresh PMI survey showed India’s private sector showed signs of softening in March, with overall business activity expanding at a slower pace than in February. Heavyweight financials led the rally, with Kotak Mahindra Bank surging 4.5% after the appointment of Bhavnish Lathia as new chief technology officer. Bajaj Finance rose by 2.8% while Axis Bank rose 2.5%. NTPC saw a significant rise of 4.6%, while Tech Mahindra (TECHM) and Power Grid Corporation also performed well, gaining 3.5% and 3.1%, respectively.

Youm7-


The Egyptian Exchange ended Monday's trading session with a collective decline in indices, pressured by selling pressure from Arab traders, while Egyptian and foreign investors tended to buy. Trading value reached EGP 3.4 billion, and market capitalization lost EGP 19 billion, closing at EGP 2.24 trillion.

The EGX 30 index fell by 0.38% to close at 31,810 points, the EGX 30 Capped index fell by 0.47% to close at 39,519 points, and the EGX 30 Total Return index fell by 0.39% to close at 13,993 points.

The EGX 70 Equal Weight Small and Medium Enterprises Index (SMEs) also declined by 0.41% to close at 8,961 points, the EGX 100 Equal Weight Index fell by 0.54% to close at 12,356 points, and the Sharia Index fell by 0.91% to close at 3,340 points.

(QNA)-


Qatar Stock Exchange (QSE) closed its trading session on Monday, down by 81.91 points, or 0.80 percent, to stand at 10,185.70 points.

During the session, a total of 120,781,660 shares were traded, with a value of QR 305,230,734.678, resulting from the execution of 14,754 transactions across all sectors.

The session saw the shares of 13 companies rise, while 36 companies' shares declined, and four companies maintained their previous closing prices.

At the end of the trading session, the market capitalization stood at QR 598,159,234,663.115 compared to QR 602,621,005,477.420 in the previous session.

(ONA)-


Muscat Stock Exchange (MSX) general index (30) today dropped (4.7) points, comprising a decline by (0.11%) to close at (4388.43) points, compared to the last session, which stood at (4393.15) points.

The trading value today stood at (RO 5,678,515) comprising a surge by (82%), compared to the last session, which stood at (RO 3,119,714).

The report released by MSX pointed out that the market value went up by (0.016%) to reach about (RO 27.65) billion.

The report added that the value of shares bought by non-Omani investors reached (RO 267,000), comprising (4.71%). The value of shares sold by non-Omani investors reached (RO 991,000), comprising (17.45%). The net non-Omani investment decreased by (12.74%) to (RO 724,000).

(WAM)-


Dubai Electricity and Water Authority (DEWA) reported that its shareholders have, in the general assembly held today, approved the payment of total dividend of AED3.1 billion for H2 of 2024, with a record date of 31st March 2025.

The meeting, chaired by Matar Humaid Al Tayer, Chairman of the Board of Directors of DEWA, was attended by Saeed Mohammed Al Tayer, MD&CEO of DEWA and Members of the Board of Directors of DEWA as well as 92.2% of the shareholders. During the meeting, a Board of Directors was elected for the next three years.

Matar Humaid Al Tayer, Chairman of DEWA, said, "Dubai continues to consolidate its position as a global leader in economic growth, sustainability and innovation. At DEWA, we take great pride in being a key pillar of this success, ensuring that the energy and water infrastructure keeps pace with the rapid growth Dubai is witnessing.”

Saeed Mohammed Al Tayer, MD & CEO of DEWA, said, “In 2024, DEWA Group delivered another year of strong performance, reporting consolidated full-year revenue of AED30.98 billion, EBITDA of AED15.73 billion and net profit after tax of AED7.23 billion Our consolidated annual revenue grew by 6.17%, primarily driven by rising demand for electricity, water, and cooling services.”

“DEWA’s network now serves over 1.27 million customer accounts, and we take pride in achieving the world’s lowest electricity line losses at 2%; the world’s lowest water network losses at 4.5%; the world’s lowest Customer Minutes Lost (CML) of less than one minute per year—setting a global benchmark for reliability,” noted Al Tayer.

“I am optimistic about our outlook for 2025, driven by the continued growth in tourism, residential, commercial and industrial demand; the expanding active daytime population in Dubai; and opportunities for business expansion and infrastructure development,” added Al Tayer.

(WAM)–


The European Banking Authority (EBA) Friday published its Q4 2024 Risk Dashboard (RDB), which discloses aggregated statistical information for the largest European Union/ European Economic Area (EU/EEA) institutions.

EU/EEA banks reported a return on equity (RoE) of 10.5% in 2024, an increase of 10bps compared to 2023 (11.1% in Q3 2024). The return on assets for 2024 stood at 0.73%, up from 0.69% in 2023 (0.76% in Q3 2024).
The net interest margin (NIM) decreased by 1bp to 1.66% on a quarterly basis, decreasing further from its peak level of 1.69% in March 2024. Despite the slowdown in net interest income (NII), the total income of EU/EEA banks benefited from a consistent rise in net fee and commission income (NFCI), which grew by 6.1% QoQ and 9.6% YoY (see figure 1).

EU/EEA banks reported a quarterly increase of over 1% in loans to households and non-financial corporations (NFCs) across nearly all jurisdictions. Cash balances fell by close to 7% quarter-on-quarter (QoQ). At country level, most countries reported an increase in sovereign exposures. At EU/EEA level, they rose by more than 3% compared to Q2 2024 (EUR 118bn) to EUR 3.64tn.

The asset quality of EU/EEA banks remained stable, with non-performing loans (NPLs) decreasing by 1.1% QoQ, amounting to EUR 375bn. All segments reported a reduction in NPLs, except for commercial real estate (CRE) loans with a marginal increase. Stage 2 loans rose by 2.6%, reaching EUR 1.57 trillion and accounting for 9.7% of the total loan portfolio (9.5% in Q3). The cost of risk held steady at 49 basis points, although substantial differences among countries remain.

On a fully loaded basis, EU/EEA banks' common equity tier 1 (CET1) ratio held steady at 16.0%, a sign of the sector's strong capitalisation. Risk weighted assets increased by close to 1.1%, as a result of further increases in credit and operational risks (see figure 3).

(WAM)–


The EU Parliament’s International Trade Committee approved two proposals to offer Jordan and Egypt loans worth €500 million and €4 billion respectively.

The macro-financial assistance (MFA) for Egypt was approved by the International Trade Committee by 28 votes in favour, seven against and five abstentions. The MFA for Jordan was passed by 35 votes in favour, two against and three abstentions.

These loans are part of financial support packages concluded with EU partner countries struggling with financial, economic, societal challenges, to help with structural political and economic reforms.

Both reports will be put to a vote in Parliament’s April 2025 plenary session. Before the financial assistance can be disbursed, it will have to be adopted by both Parliament and Council.

Rapporteur Celine Imart (EPP, France), said: “The International Trade Committee’s backing for this EU loan reflects this Parliament’s high regard for Egypt as a partner country. By helping Egypt, we are also looking after EU interests in an unstable region. By endorsing this EU loan for Jordan, the Committee is helping to build our new partnership with the country, one that has recently been announced at the highest level. I am very pleased by this result.''

(WAM)-


The amount of payments made electronically in the Republic of Korea reached a record high last year, central bank data showed Thursday, as a growing number of people engaged in contact-free commerce.

The daily average amount of electronic financial transactions came to 959.4 billion won (US$657.4 million) in 2024, up 9.6 percent from a year earlier, according to the data from the Bank of Korea (BOK).

The reading marks the highest amount since the central bank began collecting data on electronic payments in 2007.

The daily average number of electronic financial transactions jumped 12.3 percent on-year to 30.7 million in 2024.

Electronic financial transactions include all internet and mobile-based payments, as well as purchases made with electronic credit and debit cards.

(WAM)-


The Federal Authority for Nuclear Regulation (FANR) welcomed a high-level Chinese delegation at its headquarters in Abu Dhabi, led by Dong Baotong, Vice Minister of the Ministry of Ecology and Environment and Administrator of the National Nuclear Safety Administration (NNSA) of China.

Dong Baotong was received by Abdulla Nasser Al Suwaidi, Chairman of FANR’s Board of Management, along with senior FANR leadership. The discussions focused on enhancing cooperation in knowledge exchange, research and development, capacity building in nuclear safety and security, nuclear non-proliferation, and regulatory frameworks for advanced nuclear technologies.

This visit is part of the ongoing collaboration between China’s National Nuclear Safety Administration and the UAE’s Federal Authority for Nuclear Regulation. In November 2024, both sides signed a three-year action plan establishing a framework for cooperation across various nuclear regulatory sectors. Additionally, a Memorandum of Understanding was signed in 2018, focusing on nuclear safety, non-proliferation, and capacity building.

During the visit, FANR officials presented their regulatory oversight of the Barakah Nuclear Power Plant, while the Chinese delegation provided updates on the latest developments in China’s nuclear programmes.

The Chinese delegation also toured FANR’s Emergency Operations Centre, where they were introduced to the UAE’s nuclear emergency preparedness and response system, along with the nation’s efforts to ensure public and environmental safety.

(WAM)-


Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, has reaffirmed the UAE’s dedication to sustainable water management and global water security in a statement marking World Water Day.

Highlighting the urgent need for action, Dr. Amna said, “On this World Water Day, let us reflect on the profound significance of water – the very essence of life and the lifeblood of our planet.”

Dr. Al Dahak noted that 2.2 billion people worldwide – one in four – are denied access to safe, clean water, noting that this stark reality demands that “we urgently reaffirm our commitment to sustainable water management and work to secure a water-resilient future for all.”

She emphasised the importance of this year’s theme, Glacier Preservation, which serves as a powerful reminder that even seemingly distant ecosystems like glaciers are intrinsically linked to our local water security and overall well-being.

Driven by rising global temperatures and a changing climate, glaciers have lost more than 6,500 billion tonnes – or 5% – of their ice since the turn of the century. This unsustainable rate of glacier melt poses a significant threat.

Highlighting the UAE’s recognition of the global consequences of glacier loss, she added, “We embrace our shared responsibility through sustainable water management. Our ambitious Net Zero 2050 Strategy is spearheading the transition to net-zero emissions, while the UAE Water Security Strategy 2036 is guiding our efforts to implement integrated water resources management, aiming to reduce total demand for water resources by 21% and substantially increase water-use efficiency across all sectors.”

Further strengthening this commitment, and under the vision of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the country is tackling global water scarcity through the Mohamed bin Zayed Water Initiative. The initiative aims to rive awareness, accelerating innovation, and fostering collaboration for a water-resilient future.

Dr. Al Dahak also highlighted the country’s commitment to decarbonised desalination, prioritising Reverse Osmosis (RO) technology. She noted that Abu Dhabi’s Al Taweelah RO plant, part of the Al Taweelah Power and Desalination Complex, is set to become the world’s largest reverse osmosis facility when fully operational. By 2030, the goal is to produce 90 percent of Abu Dhabi’s desalinated water through RO technology. Additionally, DEWA aims to produce 100 percent of desalinated water using clean energy and waste heat by 2030.

The Ministry of Climate Change and Environment (MoCCAE) is also leading agri-tech projects to strategically reduce water consumption, ensuring a comprehensive approach to water security.

“As we observe World Water Day during the blessed month of Ramadan, let us renew our dedication to responsible water consumption in our community and amplify our contributions to global initiatives aimed at safeguarding our invaluable water resources. Every small step counts, and together, these steps can significantly contribute to our planet's water security” Dr. Al Dahak said.

She concluded by emphasising that a water crisis is inherently a climate crisis, and through collaborative efforts, the UAE aims to protect vital water resources and secure a sustainable future for generations to come.

(WAM)-


The Emirates Franchise held its second meeting for 2025, chaired by Noor Al Tamimi, Chairperson of Emirates Franchise and Board Member of the Abu Dhabi Chamber of Commerce and Industry, with representatives from other emirates in attendance.

The discussion covered the Franchise’s operational plan, finalising bylaws, and setting strategic priorities to enhance its impact on the national economy.

Board members, along with the Executive Committee and working groups from each emirate, reviewed progress on the organisation’s agenda and highlighted key outcomes from recent discussions.

These included identifying challenges within the sector, proposing solutions, and offering actionable recommendations to align UAE franchising with global standards. Emphasis was placed on driving innovation, boosting competitiveness, and creating a platform for collaboration among entrepreneurs, franchisees, and stakeholders to promote sustainable growth.

Al Tamimi reaffirmed the Franchise’s commitment to empowering the sector as a catalyst for economic diversification and entrepreneurship. “The UAE spares no effort in providing enablers to achieve its economic vision. Our organisation will play a key role in advancing the franchise sector by implementing ambitious initiatives, including a flexible business framework that supports continued growth and prosperity,” she said.

She also highlighted the importance of protecting intellectual property, raising awareness of franchising rights, and expanding the presence of Emirati brands locally and globally.

She also stressed the importance of embracing innovative ideas, fostering a forward-thinking and ambitious business environment, expanding partnerships, and promoting franchising as a tool to strengthen the presence and engagement of entrepreneurs, while providing them with investment opportunities and meeting their needs to help them achieve their goals.

Noor Al Tamimi emphasised that one of the main objectives of the franchise sector in the current period is to enhance its operational structure. The goal is to position the UAE as the ideal business environment for supporting and fostering the international growth of local franchises while also attracting global franchises to the UAE’s business landscape, further reinforcing its status as a leading global destination for the franchising sector.

(WAM)-


Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has successfully supported the expansion of Emtelle, a Dubai-based fibre optic solutions company, into Indonesia.

The chamber’s representative office in Jakarta played a key role in facilitating the signing of a Memorandum of Understanding between Emtelle and PT Fajar Mitra Krida Abadi, an Indonesian company specialising in digital transformation.

The agreement encompasses the adoption of Emtelle’s products and solutions to expand fibre optic network coverage across various regions in Indonesia. The initiative will help to enhance high-speed broadband internet services and strengthen the telecommunications and technology infrastructure across the country.

Salem Al Shamsi, Vice President of International Relations at Dubai Chambers, commented, “We are committed to encouraging Dubai’s business community to expand internationally through impactful partnerships that enhance opportunities for sustainable growth across diverse sectors. This approach strengthens the competitive advantages of the private sector in Dubai and contributes to the growth of Dubai’s trade with the world.”

Abdul Hafiizh, Business Development Manager for Indonesia at Emtelle, stated, “This collaboration underscores our commitment to global expansion and technological excellence. By leveraging our expertise in fibre optic solutions, we are confident that this partnership will contribute to Indonesia’s digital future, fostering innovation and connectivity across the nation.”

Amir Jatmiko, CEO of PT Fajar Mitra Krida Abadi, said, “As Indonesia moves towards a more connected and technology-driven future, partnerships like this play a vital role in ensuring sustainable progress. Together with Emtelle, we look forward to delivering high-quality solutions that will empower businesses and communities across the country.”

(WAM)-


Abu Dhabi Future Energy Company – Masdar has reinforced its leadership in the global clean energy sector by deploying close to AED30 billion in equity investments and securing more than AED16.5 billion of project financing across nine countries. These accomplishments reflect Masdar’s commitment to expanding its renewable energy portfolio while driving the global energy transformation.

Since its establishment in 2006, Masdar has been a key enabler of the UAE’s vision as a global leader in sustainability and climate action. The company has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030.

Masdar contributes to accelerating development and supporting the UAE's ambition to become the world's largest developer, owner, and operator of renewable energy and green hydrogen. It also aids countries globally in achieving their climate neutrality plans, while increasing its project portfolio's production capacity to 51GW by the end of 2024.

Masdar’s growth was advanced by landmark acquisitions in Greece, Spain and the United States, strengthening the company’s presence in Europe and North America, as well as breaking ground on seven major projects worldwide. These included two BESS projects in the UK, two solar projects in Azerbaijan with a combined capacity of 760MW, and the 1.5GW Al Ajban Solar Project in the UAE.

Additionally, Masdar announced the financial close of six projects, including the 1.1GW Al Henakiyah Solar Power Plant and multi-utility AMAALA sustainable project in the Kingdom of Saudi Arabia, as well as 760MW solar projects Bilasuvar and Neftchala in Azerbaijan.

Masdar also signed a Power Purchase Agreement in December 2024 for the 2GW Sadawi project in Saudi Arabia, and inaugurated the 500MW Zarafshan Wind Farm in Uzbekistan, now the largest operation in Central Asia.

(WAM)-


ADNOC Gas plc and its subsidiaries confirmed shareholder approval at its Annual General Meeting (AGM) to distribute $3.41 billion in full-year dividends for 2024, including a final dividend payment of $1.706 billion scheduled for distribution in the second quarter of 2025.

Dr. Sultan Ahmed Al Jaber, Chairman of ADNOC Gas' Board of Directors, commented, "In 2024, we achieved record financial results, advanced major growth projects and declared the largest dividend payment on the ADX, while continuing to capitalize on robust market fundamentals to deliver a total return to shareholders of 19 percent.

"As the world increasingly turns to natural gas and LNG, particularly in Asia, we further strengthened our position as a critical enabler of global energy security and a key contributor to the UAE's economic growth and industrial development. ADNOC Gas remains uniquely positioned to unlock further growth while supporting the transformation of global energy systems."

ADNOC Gas delivered strong financial results in 2024, reporting a record adjusted net income of $5 billion, up an impressive 13 percent year-on-year, and strong EBITDA growth of 14 percent year-on-year to $8.65 billion, with a high, stable EBITDA margin of 35 percent with free cash flow of $4.58 billion.

ADNOC Gas' robust full-year 2024 results demonstrate the success of its disciplined strategy, unveiled in November 2024.

The strategic update outlined investments of $15 billion in growth opportunities designed to meet the escalating global demand for natural gas and drive a projected 40 percent increase in EBITDA by 2029 from a 2023 baseline.

This will be achieved through an expected 30 percent increase in the company's gas processing capacity as ADNOC expands its upstream production capacity.

The AGM follows the completion of ADNOC's recent marketed offering of 3.1 billion shares in ADNOC Gas – the largest share placement ever on the ADX and the largest secondary offering in the UAE at $2.84 billion.

As a result of the completed offering, ADNOC Gas has expanded its shareholder base and anticipates potential inclusion in the MSCI and FTSE indices as early as this year.

(WAM)-


The Securities and Commodities Authority (SCA), through amicable settlements, has successfully recovered AED4.1 million in favour of investors during 2024.

This achievement is the result of the SCA's relentless efforts in facilitating amicable settlements and effectively utilising the service of complaints related to capital market transactions via its official website.

Walid Al Awadhi, Chief Executive of the SCA, stated, "The SCA's success in recovering such substantial amounts, reaffirms our unwavering commitment to protecting investors and strengthening confidence in the financial markets through our effective mechanisms for dispute resolution, ensuring the rights of all parties and participants."

Al Awadhi added that the service for submitting complaints related to financial market transactions is a crucial tool in ensuring justice and responding swiftly to investor concerns. This service forms a significant pillar in the authority's role to protect investors and enhance market stability.

This achievement highlights the efficiency and agility of the SCA's regulatory framework and its ability to respond to various challenges in the financial markets.

The SCA remains committed to continuously enhancing its services and mechanisms to ensure a safe and transparent investment environment. It also encourages all investors to utilise its capital market transactions complaint service, where needed, through its website.

(WAM)-


Drydocks World has been awarded the contract for the refurbishment and life extension of the FPSO Baobab Ivoirien, by MODEC Management Services Pte. Ltd., further strengthening its position as a global leader in complex offshore asset upgrades.

Set to commence in May 2025, the eight-month expedited project on the Floating Production Storage and Offloading (FPSO) vessel will involve extensive structural enhancements, including 1,000 tonnes of steel renewal, 250,000 square metres of tank coating, and 11,500 metres of new piping.

The scope also covers enhancements to crew living quarters and the integration of advanced technologies to boost efficiency and reliability.

Upon completion, the vessel's lifespan will be extended by 15 years, ensuring sustained energy production for West Africa.

Drydocks World, a DP World company, has a proven track record in vessel refurbishments, life extensions and conversions, having successfully completed over 50 similar projects, including more than 30 FPSO upgrades.

The FPSO Baobab Ivoirien plays a crucial role in West Africa's offshore production, with a processing capacity of 70,000 barrels of oil per day (bpd) and 75 million cubic feet of natural gas. It can also inject 100,000 bpd of water and store up to two million barrels of crude oil.

The vessel, currently operating at the Baobab oil field, 25 km off the coast of Côte d'Ivoire, will relocate to Drydocks World's Dubai facility for its eight-month refurbishment.

The contract signing ceremony, held at Drydocks World, was attended by Rado Antolovic, CEO of Drydocks World, and Gary Kennedy, President of MODEC Management Services Pte. Ltd.

Capt. Rado Antolovic PhD, CEO of Drydocks World, said, "Signing this agreement with MODEC highlights our expertise in complex FPSO refurbishment and life extension projects."

Gary Kennedy, President of MODEC Management Services Pte. Ltd., said, "This contract award is the result of a rigorous selection process to find the best partner for this critical project. Drydocks World's extensive experience in FPSO upgrades and their commitment to quality and safety made them the ideal choice."

(WAM)-


Al Seer Marine and Damen International, an Abu Dhabi company, part of the Damen family, announced that their Joint Venture has secured a significant AED1.3 billion contract with Tawazun Council to manufacture advanced Offshore Patrol Vessels (OPVs).

This four-year project will bolster the UAE's naval capabilities and enhance maritime security.

The OPVs will be equipped with cutting-edge naval technology and designed with advanced features.

These vessels will be capable of conducting a wide range of missions, such as EEZ Patrol, EEZ Surveillance, EEZ Interdiction (piracy, smuggling, environmental protection), maritime law enforcements and coast guard functions, search and rescue (SAR), and disaster relief.

Guy Neivens, CEO of Al Seer Marine, commented, "Tawazun's confidence in the JV capabilities marks a significant milestone, showcasing the strength of our shipbuilding expertise combined with comprehensive fleet support. With our proven track record in manufacturing advanced, globally competitive solutions locally in the UAE, we are committed to enhancing the UAE's industrial base, ensuring that all the vessels we build uphold the highest levels of operational readiness for national security."

To ensure peak performance of the fleet, the contract includes a comprehensive Integrated Logistics Support (ILS) package. This comprehensive framework ensures predictive maintenance planning, bespoke training analysis, and proactive inventory and obsolescence management.

The ILS is designed to enable the vessels to remain mission-ready with minimal downtime, enhancing seamless functionality.

This significant partnership between Al Seer Marine, Damen International, and Tawazun Council marks a milestone in the UAE's maritime defence industry. By delivering advanced naval vessels and comprehensive support services, the joint venture will contribute to the UAE's ongoing efforts to strengthen its maritime security and protect its national interest

(WAM)-


Noatum Maritime, part of AD Ports Group's Maritime & Shipping Cluster, has taken delivery of its first LNG powered Pure Car and Truck Carrier (PCTC) Ro-Ro vessel which will be utilised by the recently formed JV with Erkport, "United Global Ro-Ro."

Forming part of Noatum Maritime's Ro-Ro expansion strategy, the newbuild vessel, named UGR Al Samha, a flagship for the Ro-Ro business, boasts 12 decks covering a total area of 59,331 sqm with a capacity of more than 7,000 car equivalent units (CEU).

LNG powered PCTC vessels offer a range of benefits, particularly in relation to addressing environmental concerns and improving operational efficiency, including reduced emissions compared to traditional fuel, cleaner operations due to minimal impact on air quality and cost efficiencies through fuel economy, performance and reduced maintenance costs.

The use of LNG also aligns with the UAE's long-term decarbonisation targets and plans to achieve net emissions by 2050 and is a key component of Noatum Maritime's plans to transition its fleet to alternative fuels.

Captain Ammar Al Shaiba, CEO of Maritime and Shipping Cluster at AD Ports Group, said, "The incorporation of UGR Al Samha, the LNG-powered PCTC vessel into our United Global Ro-Ro fleet marks a significant step forward in our commitment to sustainable shipping and operational excellence.

"By leveraging cleaner fuel technology, we are not only reducing our environmental footprint but also ensuring compliance with global regulations and enhancing value for our customers. This addition underscores our dedication to driving innovation and supporting the transition towards a greener maritime industry."

The vessel will join the existing fleet being operated by United Global Ro-Ro and will be deployed mostly on routes within the Middle East, Asia and the Mediterranean, to connect global hubs and enhance vehicle logistics and high and heavy cargo transportation in a sustainable manner.

(WAM)-


Gulf Mercantile Exchange (GME) announced the first trade on its Alternative Crude Ecosystem (ACE). This innovative bilateral trading platform allows market participants to trade multiple crude grades seamlessly through the exchange.

For the first time, Oman, Al Shaheen, Basrah Medium, Basrah Heavy, Dubai, Murban, and Upper Zakum, are all accessible on a single platform as differentials against the GME Oman sour crude futures benchmark.

The milestone trade involved 500 contracts of Oman Crude Oil for delivery in May 2025.

ACE provides traders with a groundbreaking opportunity to engage in bilateral trading of various Middle Eastern crude grades against GME Oman Futures. This functionality enhances market efficiency by enabling participants to execute multiple Over-the-Counter (OTC) crude transactions as differentials, further strengthening the role of GME Oman as a key benchmark.

"The first ACE trade represents a significant evolution in the region’s crude trading landscape," said Raid Al-Salami, Managing Director of GME. "For the first time, market participants can access a seamless, transparent, and efficient platform that integrates both futures and OTC trading. This empowers traders to optimise their portfolios, manage exposure across multiple crude grades, and capture new opportunities in an evolving energy market."

(WAM)-


Abu Dhabi is preparing to welcome over 25,000 participants, distinguished figures, and top global investors at the AIM Congress 2025, which will be held under the theme, "Mapping the Future of Global Investment: The New Wave of a Globalised Investment Landscape - Towards a New Balanced World Structure".

The 14th edition of AIM Congress will take place from 7th to 9th April 2025, at the Abu Dhabi National Exhibition Centre (ADNEC), bringing together global business leaders to explore the best investment opportunities.

Organised by AIM Global Foundation, the AIM Congress is a premier international platform dedicated to empowering the global economy and fostering economic development. It provides an ideal setting for participants to discuss the latest investment trends, navigate current and future challenges, and collaborate on solutions aimed at achieving a balanced, prosperous, and sustainable global economy.

AIM Congress 2025 will bring together leaders, government officials, decision makers, policymakers, entrepreneurs, top regional and international investors, and major global corporations across various industries.

AIM Congress 2025 aims to showcase exceptional investment opportunities in the UAE, reinforce its position as a global hub for promising investments, explore worldwide investment trends, and enhance international collaboration to facilitate investment and drive sustainable economic growth through diversified investments. In addition to Honouring Excellence with AIM Investment Awards, it supports Innovation through the Startups & Unicorns and AI World Championship.

AIM Congress 2025 will feature a comprehensive lineup of events, forums, panel discussions, workshops, high-level meetings, an exhibition, the AIM Investment Awards, a startup competition, and investment country presentations—all structured around 8 key portfolios.

These portfolios include Foreign Direct Investment (FDI), Global Trade, Startups & Unicorns, Future Cities, Future Finance, Global Manufacturing, Digital Economy, and Entrepreneurs.

AIM Congress 2025 will cover diverse sectors, including intelligent agriculture, energy, infrastructure, finance & stock exchange, ICT, manufacturing, medical tourism, biotechnology, medical technology, pharmaceuticals, international trade, logistics & transportation, water technology, tourism, and education.

(WAM)-


The Abu Dhabi Department of Economic Development (ADDED), in collaboration with the Abu Dhabi Investment Office (ADIO) and the Abu Dhabi Chamber of Commerce and Industry (ADDCI), organised the 6th edition of the quarterly Al Multaqa meetings, unveiling a series of new initiatives aimed at empowering the private sector and driving sustainable economic development in the emirate.

Highlighting Abu Dhabi’s economic progress, the event reflected the emirate's effective economic diversification strategy, proactive policies, and significant investments in key sectors, driving growth and establishing the emirate as a leading regional and global economic centre.

The gathering was hosted by Ahmed Jasim Al Zaabi, Chairman of ADDED, who emphasised Abu Dhabi’s commitment to building a smart and diversified economy that harmonises advanced technologies, human development, and sustainability, paving the way for future generations.

He emphasised that fostering entrepreneurship, strengthening public-private sector partnerships, and supporting innovation are key in accelerating economic growth and advancing the emirate’s diversification objectives.

Shamis Al Dhaheri, Second Vice Chairman and Managing Director of ADCCI, revealed a series of new initiatives to be implemented by ADCCI as part of its recently launched Roadmap 2025-2027. These initiatives aim to empower a prosperous, flexible and diversified business ecosystem, foster innovation and entrepreneurship, and accelerate the emirate’s transition to a smart, diversified and sustainable economy.

Among the key initiatives announced were the launch of a ‘Policy Test Lab’ to assess policy impacts on the private sector, a ‘Partnerships Booster’ to facilitate access to sustainable digital infrastructure, a centralised ‘Procurement Platform’ for Abu Dhabi Chamber members to connect with local State-owned entities (SOEs) and government tenders, and the ‘Market Export Pulse’ to develop specialised, monetisable market and export intelligence products.

The ADCCI also announced initiatives to expand access to ESG and digital credentials and enhance ADCCI members’ access to export markets, along with a ‘B2B Aggregator’ initiative to facilitate B2B bulk buying negotiations and partnerships.

During the meeting, the Chamber introduced its sectoral working groups, highlighting their role in supporting business development. Representatives from Al Reem Hospital presented the operational mechanisms of these groups, highlighting collaborative efforts between the public and private sectors to enhance industry standards.

The session concluded with a presentation on the role of the Abu Dhabi International Arbitration Centre – arbitrateAD as a neutral and impartial dispute resolution forum for commercial and government entities.

(WAM)-


EDGE’s Learning and Innovation Factory (LIF), a hub that offers advanced upskilling and technology-driven solutions to enhance manufacturing excellence and innovation in the defence and industrial sectors, has announced a collaboration with QuantaSim, a leading consulting and training firm specialising in cutting-edge engineering solutions, for an Engineering Bootcamp Programme.

The Engineering Bootcamp aims to develop and upskill the next generation of engineers, equipping them with the practical skills, theoretical knowledge, and innovative mindset to thrive in the aerospace and defence sectors.

The comprehensive nine-month initiative is designed for early-career engineers and utilises an in-depth interdisciplinary approach to learning. Centred around the V-Cycle model for product development, the program provides participants with hands-on training in mechanical, electrical, aerodynamics, and control systems.

Through advanced tools like Engineering Simulation, participants will develop practical prototypes and gain real-world experience by working on industry-relevant projects. The programme’s emphasis on innovation, problem-solving, and collaboration ensures that engineers are well-prepared to tackle complex challenges within the aerospace and defence industries.

Ignacio Gatell, Vice President of EDGE LIF, said, “LIF’s main objective is to drive operational excellence across all of EDGE’s entities, supporting innovators and experts in capability development that enhance operations and processes within the organisation. Our partnership with Quantasim enables us to deliver best-in-class programmes necessary for our EDGE engineers to expand their proficiencies.”

“We are excited to partner with EDGE LIF in this innovative bootcamp initiative, which reflects QuantaSim’ unwavering commitment to advancing engineering talent in the region,” said Abbass Karim, CEO of QuantaSim.

He added, “This programme is a vital step toward strengthening the workforce in aerospace and defence and fostering a culture of innovation. By providing local engineers with the tools, knowledge, and hands-on experience needed to succeed, we are not only empowering individuals but also contributing to the growth of the industry and the future of digital transformation.”

By combining the latest technological advancements with a systems approach to engineering, the programme will serve as a unique opportunity to empower local talent while boosting regional capabilities in digital thread, artificial intelligence (AI), and product lifecycle management.

(WAM)-


The Central Bank of the UAE (CBUAE) has launched a new banknote of AED100 denomination, made of polymer and using innovative designs and advanced security features, in line with the UAE’s leadership vision, and reflecting the UAE's leadership in sustainability.

The new AED100 banknote is part of the CBUAE’s Third Issuance of the National Currency Project. Its design highlights the UAE’s success story, featuring cultural and developmental symbols that illustrate the nation's journey to becoming a global economic and commercial hub, connecting continents.

Aesthetic and security features:

The design of the new banknote is characterised by a distinctive aesthetic, employing various shades of red. To ensure public recognition, the CBUAE maintained the colour characteristics of the current denomination. Furthermore, the design incorporates the UAE nation brand with drawings and inscriptions created using advanced printing techniques.

The front of the new banknote features the Um Al Quwain National Fort, a historical and cultural monument. This fort also serves as a national attraction, bridging the past with the present.

The reverse side features Port of Fujairah, one of the country’s largest ports and a major shipping and maritime transport centre.

Additionally, it showcases the Etihad Rail, a railway network that connects the seven Emirates and extends to the Gulf Cooperation Council countries. The Etihad Rail plays a pivotal role in strengthening social ties and supporting sustainable economic development through its integrated infrastructure and logistics.

To enhance consumers’ confidence and combat counterfeiting, the AED100 banknote incorporates advanced security features that include modern technologies such as SPARK Flow DIMENSIONS, and multi-coloured security chip technology known as KINEGRAM COLORS.

The polymer banknotes are more durable and sustainable than traditional paper banknotes, lasting two or more times longer in circulation. In this issue, the CBUAE maintained its consideration of all banknote users by adding prominent symbols in Braille to help blind and visually impaired consumers to identify the banknote’s value.

The new banknote will be in circulation with the existing AED100 note, starting Today, March 24, 2025. All banks and exchange houses are instructed to programme their cash deposit machines and counting devices to ensure seamless acceptance of this new banknotes alongside existing paper and polymer banknotes, whose value is guaranteed by law.

Recently, the CBUAE won the ‘Best New Banknote’ award at the 2023 and 2025 High Security Printing EMEA conference for its AED500 and AED1000 polymer banknotes, which feature unique designs, technical characteristics, and innovative security features.

On this occasion, Khaled Mohamed Balama, Governor of the CBUAE, said, “The new 100 dirham banknote reflects our commitment to the leadership's vision for a sustainable future through initiatives and achievements that support Net Zero and enhance the nation's financial competitiveness.

He added, “Its design embodies the country's ambitious aspirations for future progress and prosperity, while honouring its historical and cultural heritage. We are pleased to announce this special issue in conjunction with the Eid Al-Fitr celebrations.”

(BNA)-



This week’s BD 70 million issue of Government Treasury Bills has been fully subscribed by 100%.


The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain.


The issue date of the bills is March 26, and the maturity date is June 25.


The weighted average rate of interest is 5.27% compared to 5.15% in the previous issue on March 19.


The approximate average price for the issue was 98.684% with the lowest accepted price being 98.604%.

This is issue No.2062 (ISIN BH0001514874) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

(ONA)-


The total issuance of Government Treasury Bills amounted to RO 15.30 million. The value of the allotted Treasury bills amounted to RO 5 million, for a maturity period of 28 days.

The average accepted price reached RO 99.705 for every RO 100, and the minimum accepted price arrived at RO 99.705 per RO 100. The average discount rate and the average yield reached 3.84554% and 3.85691%, respectively. Whereas, the value of the allotted Treasury bills amounted to RO 10.3 million, for a maturity period of 91 days. The average accepted price reached RO 98.975 for every RO 100, and the minimum accepted price arrived at RO 98.975 per RO 100.

The average discount rate and the average yield reached 4.11126% and 4.15384%, respectively.

Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman (CBO) acts as the Issue Manager and provides the added advantage of ready liquidity through discounting and repurchase facilities (Repo).

It may be noted that the interest rate on the Repo operations with CBO is 5.00% while the discount rate on the Treasury Bills Discounting Facility with CBO is 5.50%. Furthermore, Treasury Bills promote the local money market by creating a benchmark yield curve for short-term interest rates. Additionally, the Government may also resort to this instrument whenever felt necessary for financing its recurrent expenditures.

(ONA)-


The fisheries sector in the Sultanate of Oman achieved good growth rates in 2024, further boosting its contribution to economic diversification during the 10th Five-Year Plan (2021-2025).

The 10th five-year plan targets raising the sector's growth to10 percent annually. It also targets the augmentation of the sector's contribution to the Gross Domestic Product (GDP) by about 2 percent. This will consolidate the subsidiary sources of economic growth, support food security and enhance the Sultanate of Oman's regional and global position, in terms of sustainability of fisheries industry and marine activities.

Dr. Salim Al Sheikh, official spokesman of the Ministry of Economy, said that the fisheries sector's growth rate rose to 10 percent during the third quarter of 2024, compared to the corresponding quarter in 2023.



The sector registered a growth rate of 7.5 percent between January and September 2024, compared to the corresponding period in 2023. Its total contribution to the GDP at constant prices stood at RO 274.4 million, which represents about 1 percent of the Sultanate of Oman's GDP of RO 28.1 billion during the period from January to September 2024.

At current prices, the fisheries sector registered 9.5 percent growth during the third quarter of 2024, compared to the corresponding period in 2023. The growth rate of the sector between January and September 2024 amounted to about 7.4 percent, compared to the corresponding period in 2023. The sector’s contribution reached RO 294 million out of the GDP (RO 30.64 billion). Meanwhile, the fisheries sector posted a total contribution of about RO 428 million to the GDP during 2023, at current prices.



The Sultanate of Oman is achieving self-sufficiency in fish production, according to the official spokesperson for the Ministry of Economy.

The 10th five-year plan includes 224 projects to develop marine resources in the sectors of fisheries, ports, water resources, dams, environment and pollution control. The projects have an investment cost of approximately RO 1.6 billion. The plan also includes 8 programmes and initiatives to enhance environmental sustainability and benefit from natural resources.

(ONA)-


Oman oil price (May delivery 2025) today reached 73.51 US Dollars, comprising a decline by 28 cents compared to the price of last “Friday” which stood at 73.79 US Dollars.

The average price of Oman oil (March delivery 2025) has stabilized at 80.26 US Dollars per barrel, thus 7.10 US Dollars per barrel higher than February delivery 2025.

(ONA)-


Global energy demand grew at a record pace last year (2024), driven largely by soaring electricity consumption from air conditioners and other power-hungry devices, the International Energy Agency (IEA) reported today.

Electricity demand rose 4.3% compared to 2023 - nearly double the average growth rate of the past decade, according to the Paris-based agency.

Extreme heat in India and China fuelled much of the surge, with air conditioning identified as a major contributor to the 1,100 terawatt-hour jump in electricity use. Emerging and developing economies accounted for more than 80% of the overall rise in energy demand.

Renewable energy and natural gas met most of the additional demand, while coal and oil use also grew, though more slowly than in previous years.

Nuclear power saw a modest revival, with six new reactors completed globally - including two in China - pushing newly installed capacity up by a third year-on-year, the IEA said.

(ONA)-


The inflation rate in the Sultanate of Oman rose by 1% in February 2025 compared to the same month in 2024, based on the 2018 base year, according to the Consumer Price Index data issued by the National Centre for Statistics and Information (NCSI).

The data indicated an increase in the prices of the personal goods and miscellaneous services group by 6.3%, the transport group by 3.4%, and the health group by 3.2%. Additionally, the prices of the restaurants and hotels group rose by 0.8%, the clothing and footwear group by 0.5%, and the recreation and culture group by 0.4%. Furthermore, the furniture, household equipment, and maintenance group increased by 0.3%, the food and non-alcoholic beverages group by 0.1%, and the education group by 0.1%. Meanwhile, the prices of the housing, water, electricity, gas, and other fuels group, the communication group, and the tobacco group remained stable.

Regarding the food and non-alcoholic beverages group for February 2025, the prices of the milk, cheese, and eggs group increased by 3.3%, along with the Food Products n.e.c. group by 3.3%, and the sugar, jam, honey, and confectionery group by 3%. The prices of the fruits group rose by 2.1%, the oils and fats group by 1.3%, and the bread and cereals group by 0.7%. On the other hand, the prices of the fish and seafood group decreased by 5.9%, the vegetables group by 2.2%, the meat group by 0.3%, and the non-alcoholic beverages group by 0.2%.

Geographically, the index increased in Musandam Governorate by 1.8% at the end of February 2025 compared to the same period in the previous year. It also rose by 1.8% in Al Dakhiliyah Governorate, 1.5% in South Al Sharqiyah Governorate, and 1.5% in Al Wusta Governorate.

Similarly, Al Dhahirah Governorate saw a 1.2% increase, 1.1% in Dhofar Governorate, 1% in Al Buraimi Governorate, 0.9% in Muscat Governorate, 0.6% in North Al Batinah Governorate, and 0.5% in North Al Sharqiyah Governorate. Meanwhile, South Al Batinah Governorate experienced a slight increase of 0.1%.

(QNA)-


Kuwait Bourse closed trading on Monday as the All Share Index gained 37.97 points to reach 8,023.33 points, an increase of 0.48 percent.

As many as 277.4 million shares valued at KWD 79.8 million (roughly USD 245.7 million) were traded via 18,162 transactions.

The Main Market Index went down by 127.03 points to reach 7,191.67 points, a decrease of 1.74 percent, through 146.8 million shares done via 9,415 transactions valued at KWD 25.4 million (roughly USD 78.2 million).

The Premier Market Index went up by 81.52 points to reach 8,627.89 , up by 0.95 percent, through 130.6 million shares done via 8,747 transactions valued at KWD 54.3 million (roughly USD 167.2 million).

Meanwhile, the bourse Main 50 Index lost 164.34 points to reach 6,981.25 points, a decrease of 2.30 percent, through stock volume of 125.5 million shares done in 8,323 deals at a value of KWD 23 million (roughly USD 70.8 million).

Egyptian Gazette-


Prime Minister Mostafa Madbouli on Thursday said that President Abdel Fattah El Sisi has directed securing requirements of the new land reclamation projects in the New Delta and central and North Sinai to expediate the implementation of these key development projects and boosting their positive impact on achieving food security.

Madbouli made the remarks during a meeting held to follow up on progress achieved in securing main requirements of the agricultural development projects in the New Delta and north and central Sinai.

The meeting was attended by Minister of Water Resources and Irrigation Hany Sewillam, Minister of Electricity and Renewable Energy Mahmoud Essmat, Minister of Housing, Utilities and Urban Communities Sherif Sherbiny, and officials of ministries concerned.

The meeting reviewed the implementation rate of extending water sources for the new agricultural development projects that rely on the reuse of agricultural drainage water, in line with the state’s strategy to reduce water wasted in various activities, according to Cabinet Spokesman Mohamed Elhomosany.

The meeting took up the progress rate of supplying power to the infrastructure of agricultural reclamation projects in the New Delta and North and Central Sinai, as well as progress achieved in establishing the necessary transformer stations for all agricultural reclamation areas, the spokesman added.

Egyptian Gazette-


The state new budget is set to provide women with further support through launching more initiatives to empower women economically, Finance Minister Ahmed Kouchouk said Friday.

The minister’s remarks came during a ceremony to honor ideal mothers and key entrepreneurs of the Finance Ministry.

He said the ministry has many efficient women, praising their dedication and great efforts to serve the homeland in different fields

Ahram Online-


The Central Bank of Egypt has announced a significant treasury bills (T-bills) sale, totalling approximately EGP 141.2 billion (almost $3 billion) across two issuances on behalf of the Ministry of Finance. This auction, held on Thursday, saw investor demand soar, with bids exceeding EGP 293.3 billion.

In the first issuance, the CBE sold T-bills amounting to about EGP 60.6 billion for a maturity period of 364 days. This issuance received offers totalling EGP 106.1 billion, with the bank accepting 162 out of 230 bids. The average yield for this tranche was recorded at 24.533 percent, slightly below the weighted average yield of 25.361 percent offered.

The second issuance saw a total sale of almost EGP 80.6 billion in T-bills with a maturity of 182 days. The bank accepted 265 offers from a total of 588 submitted, achieving an average yield of 26.16 percent, compared to a weighted average yield of 26.554 percent from the offers.

Earlier, the CBE disclosed plans to issue T-bills worth EGP 100 billion during the same auction session, split evenly between maturities of 364 days and 182 days. This move is part of a broader strategy, as the Ministry of Finance aims to issue debt instruments totalling around EGP 1.983 trillion in local currency during the third quarter of the fiscal year 2024-2025.

In a related development, the CBE recently completed another auction in which it sold EGP 168.9 billion in treasury bills, highlighting robust investor interest amid requests surpassing EGP 456 billion.

As Prime Minister Mostafa Madbouly stated in December, Egypt’s current financing needs range between $20 and $22 billion.

The CBE’s Monetary Policy Committee (MPC) remains focused on maintaining economic stability. Recently, it decided to keep interest rates on overnight deposits and lending unchanged at 27.25 percent and 28.25 percent, respectively.

It is worth noting that Egypt engages in an Extended Fund Facility (EFF) loan programme with the International Monetary Fund (IMF) for a total amount of $8 billion. The programme ends in September 2026. Meanwhile, the IMF has recently approved a new loan package worth $1.3 billion over 18 months for Egypt under the Sustainability and Resilience Facility (RSF) mechanism.

Company Name : Northern Upper Egypt Development & Agricultural Production
ISIN Code : EGS52041C018
Reuters Code : NEDA.CA
Content :
Release regarding the disclosure form according to the Article 29 of EGX Listing Rules.
The Release (51 KB)

Business Today-


Global mining company AngloGold Ashanti, which invests in the Sukari Gold Mine in Egypt’s Eastern Desert, is seeking further gold discoveries in the country.

To date, the company’s investments in Egypt have reached $150 million.

This came during a meeting held by Karim Badawi, Minister of Petroleum and Mineral Resources, with a delegation from AngloGold.

Ashanti During the meeting, the minister outlined the ministry’s strategy to attract more investments into Egypt’s mining sector by fostering a favorable investment environment.

The minister emphasized that the mining sector is a strategic priority for the government, which is working to streamline licensing processes, increase investment returns, and establish a competitive regulatory framework.

Badawi highlighted the signing of a new agreement for gold and associated mineral exploration with AngloGold Ashanti and Barrick Gold.

The initial signing took place at the end of last year, and the legislative procedures for its approval are nearing completion in parliament, paving the way for the final agreement.

This agreement is expected to inject fresh investments into the sector and encourage global companies to accelerate the use of modern technologies for gold exploration and extraction.

The minister also unveiled a new strategy to promote investment opportunities in Egypt’s mining sector, including the launch of a digital platform during the upcoming Egypt Mining Forum in July.

This platform will provide investors with direct access to available opportunities, further enhancing Egypt’s attractiveness as a mining investment destination.

Badawi confirmed that collaborative efforts with various ministries aim to transform the Mineral Resources Authority into an independent economic entity.

The transformation is expected to bolster the mining sector’s contribution to Egypt’s GDP, aiming to reach 5-6% in the coming years.

The minister stressed the importance of maximizing the use of mined raw materials in downstream industries, creating added value for the local economy.

Additionally, Badawi announced the upcoming launch of Egypt’s first specialized mining school in Marsa Alam, in collaboration with Sukari Gold Mine.

The school will train skilled professionals for the mining sector, ensuring the development of a qualified workforce to support long-term growth in the industry.

Business Today-


Egypt’s natural gas production experiencing a sharp 20% year-on-year drop, falling to 4.3 billion cubic feet per day (bcf/d) in January, marking the lowest level since December 2016, according to the Middle East Economic Survey (Mees). The data indicates that this decline shows no signs of slowing down.

Gas production from the West Delta region saw a 3% month-on-month decrease in January, reaching 3.1 bcf/d — the lowest in eight years — despite the activation of more of Shell’s West Delta Deep Marine wells earlier in the month.

Production in the Western Desert has remained steady since November, holding at 763 million cubic feet per day (mcf/d), a multi-decade low, while the onshore Nile Delta region hit its lowest output since mid-2014, dropping to 332 mcf/d.

Despite ambitious energy targets set for 2025, including an unconfirmed report suggesting the government aims to increase domestic gas production by 30% to 6 bcf/d by the year’s end, recent trends suggest that the country will struggle to meet these goals.

While there are efforts to boost output, they may not be sufficient.

BP recently began production from the second phase of its Raven natural gas field in the North Alexandria offshore concession, which is expected to add 220 bcf/d of gas. However, Mees describes this projection as “optimistic.”

Dana Gas, a major producer in the Nile Delta, is planning a $100 million investment project to develop new production capacity after receiving overdue payments.

The project includes drilling 11 new wells, which is expected to add 80 bcf/d of gas reserves. Despite this, Dana Gas’s output has halved to 80 mcf/d over the last seven years.

US oil producer Apache is also hopeful for future gas output gains, having secured higher prices for new production.

The company announced a $60 million drilling program in its Western Desert blocks, aiming to increase gas production by 80 mcf/d starting this month.

The outlook for oil production, however, remains bleak. While there are some positive developments in the gas sector, the overall oil production trajectory appears to be declining.

National oil production dropped to 523,000 barrels per day (bbl/d) in January, marking the lowest output in over 40 years. The Western Desert, which represents nearly half of Egypt’s total oil production, experienced a 2% month-on-month decline in January, falling to 274,000 bbl/d.

Business Today-


The General Authority for the Suez Canal Economic Zone (SCZone) has announced the trial launch of a series of digital services dedicated to investors, part of the first phase of the Authority's digital transformation plan, aimed at automating services and improving the efficiency of investment-related processes.

The new digital services, announced in a statement today, include key offerings under the Investor Relations Management (CRM) system.

These include reception and consultation services, as well as investor qualification and project approval services. In addition to these, the first phase introduces a range of one-stop services, such as issuing permanent licenses through a notification system and conducting annual follow-ups for facilities with operating licenses.

Other services, including the issuance of operating licenses through a pre-approval system and the release of temporary licenses for the first time under the notification system, are planned for future rollout.

Walid Gamal El-Din, Chairman of the General Authority for the SCZone, expressed his enthusiasm about the launch of these services, stating that it marks a critical milestone in the Authority's ongoing digital transformation efforts.

This initiative is designed to simplify procedures for investors and provide more efficient, transparent services, he said. "It is a key part of our broader efforts to enhance the investment climate in the Suez Canal Economic Zone."

Gamal El-Din also highlighted the Authority's continuous commitment to improving its business model by supporting investors with simplified procedures, better infrastructure, and competitive advantages. He stressed the importance of technological advancements in creating a fully integrated investment environment, one that will attract both local and foreign investments.

The digital transformation initiative has received backing from the European Bank for Reconstruction and Development (EBRD).

According to Gamal El-Din, the EBRD's support plays a crucial role in exchanging global best practices in digital transformation and investment facilitation, as well as improving the region's digital infrastructure.

Mark Davis, the EBRD’s Executive Director for the Southern and Eastern Mediterranean region, emphasized that the Suez Canal Economic Zone's digital services initiative will help revitalize Egypt's investment ecosystem.

This pioneering initiative will contribute to economic growth, job creation, and a thriving investment climate that will attract more Foreign Direct Investment (FDI) to Egypt, Davis remarked.

As part of the ongoing initiative, daily workshops are being organized to enhance the digital skills of investor services staff, ensuring they are equipped to offer world-class support to companies. These efforts are aligned with the Suez Canal Economic Zone's strategic vision to modernize logistics services, support industrial zones, and digitize administrative processes.

Business Today-


Ihab Wassef, Chairman of the Gold and Precious Metals Division at the Federation of Egyptian Industries, announced a significant rise in gold prices both locally and internationally since the beginning of 2025.

In Egypt, the price of 21-karat gold, the most commonly traded in the local market, has jumped from EGP 3,720 to EGP 4,280 per gram, marking an increase of EGP 560, or 15.02% since January.

According to Wassef, this sharp uptick is part of a broader global rally in gold prices, fueled by a range of economic and political factors.

Chief among them are ongoing trade tensions, particularly the escalating trade war, as well as rising geopolitical conflicts in various parts of the world.

On the global level, Wassef noted that gold prices have climbed 15.2% since the beginning of the year.

The price per ounce has remained above the $3,000 mark, recording a 5.9% increase since the start of March alone.

Looking ahead, the Gold Division Chairman expects gold prices to continue rising, potentially reaching $3,200 per ounce within the next six months, based on expert analyses and forecasts from leading international financial institutions.

Wassef added that looser monetary policy from major central banks — such as the U.S. Federal Reserve and the European Central Bank — is playing a critical role in supporting gold prices.

Lower interest rates have reduced the cost of holding gold, prompting more investors to increase their gold purchases.

He also highlighted the growing trend of central banks worldwide increasing their gold reserves, as they aim to diversify their portfolios and reduce reliance on foreign currencies amid ongoing global economic uncertainty.

Wassef emphasized that a combination of geopolitical instability, trade tensions, and accommodative monetary policy continues to boost gold’s appeal as a reliable store of value. As these trends persist, he anticipates the upward momentum in gold prices to continue in the coming period, especially amid ongoing global uncertainty.

Business Today-


Kuwait is preparing to increase its investments in Egypt to $ 5.3 billion by the end of 2025, a 20% surge in total investment, according to informed government sources who spokes to Asharq Bloomberg.

The move underscores Kuwait’s deepening economic ties with Egypt and its confidence in the country’s investment landscape.

In the long term, Kuwait is targeting $ 10 billion in total investments in Egypt, one of the sources confirmed. However, no specific timeline has been provided for achieving this target.

As part of this strategy, Kuwaiti investors are exploring the acquisition of stakes in state-owned Egyptian companies.

While the names of the companies have not been disclosed, the sources did not confirm whether they are part of the ten companies the Egyptian government has earmarked for strategic stake sales and listings on the Egyptian Exchange (EGX) in 2025.

Key investment sectors include pharmaceuticals, food security, tourism, agriculture, automotive manufacturing, banking, renewable energy, public transportation, and green hydrogen.

A significant portion of the funds will be directed toward tourism development projects on Egypt’s North Coast and Red Sea, with a focus on new hotel infrastructure.

Additionally, Kuwaiti investors have shown strong interest in Egypt’s airport privatization plans.

One source noted that Kuwait is closely monitoring progress as the International Finance Corporation (IFC) works with the Egyptian government on privatizing the management of 11 airports.

The agreement is expected to be finalized this month, with the IFC’s full plan to be released by July.

Company Name : The Arab Ceramic CO.- Ceramica Remas
ISIN Code : EGS3C151C015
Reuters Code : CERA.CA
Content :
AGM and EGM minutes before certification
Assembly Date : 17/03/2025

AGM Minutes (1,817 KB)
EGM Minutes (1,853 KB)

Business Today-


Landmark Real Estate Development (LMD), a leading developer of integrated real estate projects, has announced the completion of all construction work for phase one of the Business Quarter (Quarter A) at ONE NINETY. This marks the first completed district within the landmark project, located in the heart of New Cairo. The final stages of finishing and handover are underway, with operations set to commence this month, marking a significant milestone in the project's development.

Spanning 345,000 square meters, ONE NINETY is more than just a business destination; it is a benchmark for innovation and investment that reflects a modern vision for Egypt's future. The project is a sustainable, mixed-use development, offering an array of services and amenities, including residential and hospitality zones, the Business Quarter, W Cairo Hotel & W Cairo The Residences, the Cairo Design District, retail and entertainment areas, and an Urban Park with vast green spaces and a selection of renowned fine-dining restaurants.

The project exceeds expectations in terms of design, sustainability, and smart solutions, incorporating eco-friendly green spaces and micro-mobility solutions. ONE NINETY is expected to attract over 60,000 visitors and 8,000 employees, with more than 2,500 employees within Quarter A alone.

Strategically located at the entrance of 90th Street in New Cairo, where it intersects with the Ring Road, the project features six different access points, including a private entrance directly from the Ring Road for seamless, traffic-free access throughout the day. Additionally, ONE NINETY is directly adjacent to the first monorail station on 90th Street, named One Ninety Station, which is connected to the project via a dedicated passageway, ensuring easy accessibility. This unique positioning makes ONE NINETY a standout development in New Cairo, catering to diverse client needs.

Phase One of the Business Quarter (Quarter A) at ONE NINETY is set to house several major corporations and financial institutions, including:

● The Arab African International Bank (AAIB) Headquarters, spanning 24,000 square meters, accommodating approximately 2,000 employees, making it the largest of its kind in Egypt.

● The PWC headquarters, with over 800 employees.

● Several multinational and local companies, including Turkish Airlines, ADNOC’s subsidiary Fertiglobe, and Chalhoub Group, which will soon open their offices.

● A diverse selection of high-end support retail brands, restaurants, and cafés, including several making their debut in Egypt.

Eng. Amr Sultan, CEO of LMD, stated: "ONE NINETY represents a transformative step in the development of integrated real estate communities and an inspiring vision for the future of entrepreneurship. The completion of Phase One (Quarter A) of the Business Quarter reflects our commitment to delivering projects that meet the highest standards of quality and innovation. We take pride in our partnerships with world-renowned institutions, reinforcing the project's position as a benchmark for business and investment in Egypt."

Sultan further added: "The exceptional location of ONE NINETY in New Cairo has attracted investments of approximately EGP 900 billion. It is the ideal choice for companies seeking a modern and fully integrated business ecosystem. Our goal is to make this development a landmark destination for those looking to enjoy every moment of their time here while serving as a major attraction for both local and international investors. We are excited to witness its continued growth and success, and we look forward to completing the remaining phases, including the W Cairo Hotel, which we are developing in collaboration with leading global consultancies and luxury brands. The structural framework for W Cairo is expected to be completed by the end of 2025."



As Egypt and Africa’s first-of-its-kind development, ONE NINETY embraces a forward-thinking approach to sustainability and reducing running costs, incorporating:

● Electric vehicle charging stations

● Energy-efficient solar panels

● Water recycling technologies to conserve natural resources



LMD is committed to collaborating with global partners who share its sustainability-driven vision, including:

● SOM (Skidmore, Owings & Merrill), one of the world’s leading architectural firms

● BGB, a renowned global engineering consultancy

● Marriott International, bringing its luxury W Hotels brand to Africa for the first time, redefining premium hospitality experiences

Business Today-


Basil Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced that from July 2014 to December 2024, the agency has injected EGP 11.9 billion into supporting small and micro enterprises, infrastructure, and community development projects in the northern Upper Egypt governorates of Minya, Fayoum, and Beni Suef.

This investment has led to the creation of 826,300 permanent jobs, along with millions of temporary work opportunities for informal laborers, significantly improving living standards and promoting sustainable employment in the region.

Rahmy reaffirmed MSMEDA’s commitment to advancing economic and social development in Upper Egypt, in line with the state’s strategic objectives.

He emphasized the agency’s focus on leveraging local natural and human resources to improve economic conditions and boost regional contributions to national growth.

He also highlighted MSMEDA’s collaboration with government institutions and local authorities to provide financial support, technical assistance, and advisory services to aspiring entrepreneurs—particularly young business owners—helping them establish or expand enterprises.

Over the past decade, the agency has successfully secured international funding for infrastructure projects in Minya, Beni Suef, and Fayoum, generating 7.9 million workdays.

Rahmy noted that project selection is based on local needs and is executed in coordination with governorates, prioritizing labor-intensive methods over machinery to create thousands of job opportunities for informal workers.

On the regulatory front, MSMEDA has facilitated the issuance of approximately 21,000 business licenses for small enterprises, helping integrate informal businesses into the formal economy.

Additionally, over 15,000 classification and benefits certificates have been issued, enabling businesses to benefit from incentives under Small Enterprise Development Law 152/2020.

Rahmy concluded by reiterating MSMEDA’s commitment to economic growth, youth entrepreneurship, and women’s empowerment.

He emphasized the agency’s ongoing support for small and micro enterprises as a key driver of sustainable development in northern Upper Egypt.

Business Today-


African banks experienced a collective increase of 22% in brand value, with Kenya leading the way at 49%, followed by South Africa at 24%, Morocco at 21%, Nigeria at 16%, and Egypt at 8%, according to Brand Finance's Top 500 Banking Brands 2025 report, outpacing North America and Europe.

Overall, Egypt ranked 45th in the Global 50 Brand Value by Country list, with a brand value of $1.483 billion, reflecting an 8% growth.

The performance underscores the strength of the African financial services sector and the significant role these institutions play in fostering sustainable and inclusive economies across the continent.

Several Egyptian banks were recognized among the 25 Most Valuable Bank Brands in Africa.

The National Bank of Egypt saw its value rise to $717 million in 2025, up from $655 million. Banque Misr’s value was estimated at $416 million, and the Commercial International Bank (CIB) reached a value of $351 million.

Despite these impressive gains, no African bank has yet broken into the Top 100 globally.

The highest-ranking African banks are all from South Africa, with Standard Bank at 134th place, up four spots from 2024, First National Bank at 158th, climbing 11 places, and Absa Bank at 170th, moving up two spots.

While African banking brands have made significant strides, weak domestic currencies and regional risks have hindered them from breaking into the top 100, the report explained.

Nonetheless, African banks remain strong in terms of brand power, achieving the highest average Brand Strength score globally at 80, which indicates that many African banks hold a AAA rating.

The report also highlights Africa's leadership in mobile banking, with the continent accounting for nearly half of the world’s mobile banking accounts, as noted by the World Economic Forum. This mobile banking dominance helps further solidify the region's position as a key player in digital banking innovation.

As digitalization continues to be a driving force across regions, African banks remain ahead in mobile banking adoption, while fintech challengers in Latin America and Europe disrupt traditional banking models. This trend points to a future where digital innovation defines the banking landscape.

The highest-ranked African banks in the Global 500 rankings for 2025 include Standard Bank at 134th, up four places from 2024, First National Bank at 158th, up 11 spots, and Absa Bank at 170th, rising by two positions.

Middle Eastern banks experienced steady growth, with a 13% increase in total brand value, driven by initiatives such as Saudi Arabia’s Vision 2030.

While Saudi banks, particularly Al Rajhi, have seen rapid expansion, Qatar’s QNB remains the region's most valuable brand. However, digital banking in the Middle East is still underdeveloped compared to global peers, presenting an area for potential growth.

Company Name : Cleopatra Hospital Company
ISIN Code : EGS729J1C018
Reuters Code : CLHO.CA
Content :
Release from the company regarding the Executives Managers


Release from the Company (1,226 KB)

Business Today-


Banks operating in Egypt achieved substantial growth in 2024, with net profits soaring to EGP 534.8 billion, nearly doubling from EGP 283.4 billion in 2023, according to a report released by the Central Bank of Egypt (CBE) on Wednesday.

The CBE's data highlighted a notable expansion in the total financial position of banks, which reached EGP 20.799 trillion by the end of December 2024. This marks a significant increase from previous years, reflecting a positive performance across the sector.

The report also revealed that net returns for banks operating in the country totaled EGP 915 billion by the end of 2024, up from EGP 582.5 billion the previous year.

Meanwhile, net operating revenues surged to EGP 1.116 trillion, compared to EGP 686.2 billion in 2023. However, this growth was accompanied by a rise in bank expenses, which reached EGP 581.6 billion by the end of 2024, an increase from EGP 402.8 billion in the previous year.

On the asset side, the CBE detailed a breakdown of the banking sector’s holdings. Cash balances stood at EGP 182.1 billion, while interbank balances within Egypt amounted to EGP 3.757 trillion. Foreign bank holdings were valued at EGP 992.7 billion.

Furthermore, lending and discount balances for clients totaled EGP 8.375 trillion, and the portfolio of securities and investments in treasury bills reached EGP 6.659 trillion.

In terms of liabilities, the report indicated that the capital of Egyptian banks reached EGP 575.2 billion, while reserves amounted to EGP 803.2 billion. Provisions stood at EGP 558.6 billion. Banks' obligations to each other within Egypt were recorded at EGP 1.718 trillion, while liabilities to foreign banks totaled EGP 643.6 billion.

Total deposits in the banking sector reached an impressive EGP 13.481 trillion, with long-term bonds and loans amounting to EGP 970.8 billion. Other unspecified liabilities were reported at EGP 2.047 trillion.