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Category: Business 9423

Five Global Financial Institutions Raise Target Prices for ADNOC Drilling Shares | Al Khaleej Newspaper
Business
  • 1 mins read

Five Global Financial Institutions Raise Target Prices for ADNOC Drilling Shares | Al Khaleej Newspaper

Five prestigious global financial institutions have raised their target prices for ADNOC Drilling shares, increasing the average price from AED 6.5 to 6.6, signaling growing investor confidence following the ADNOC Investors Council meeting in Abu Dhabi.

Foiling Attempt to Smuggle Over 8 Kilograms of Methamphetamine "Shabu" Drug
Business
  • 1 mins read

Foiling Attempt to Smuggle Over 8 Kilograms of Methamphetamine "Shabu" Drug

The Zakat, Tax and Customs Authority (ZATCA) at the Al-Batha border crossing foiled an attempt to smuggle 8.6 kilograms of methamphetamine "Shabu" hidden inside a truck entering Saudi Arabia. Four suspects were arrested after coordination with the General Directorate of Narcotics Control.

Ministry of Tourism and Antiquities Participates in TTG Travel Experience 2025 in Italy
Business
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Ministry of Tourism and Antiquities Participates in TTG Travel Experience 2025 in Italy

The Egyptian Ministry of Tourism and Antiquities, represented by the Egyptian General Authority for Tourism Promotion, is participating in the 62nd TTG Travel Experience 2025 exhibition in Rimini, Italy, with the Italian tourism market showing a 49% increase in tourists to Egypt in the first half of 2025.

Decision Fixes the Selling Price of Subsidized Flour for 2025-2026 Season
Business
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Decision Fixes the Selling Price of Subsidized Flour for 2025-2026 Season

A joint ministerial decision published in Official Gazette No. 7444 maintains the selling price of subsidized flour in installments (less than 50 kg) unchanged for the 2025-2026 marketing season, sets the cost prices for national and special subsidized flour, and applies a unified price nationwide with the state covering transportation costs.

China Imposes "Special" Fees on American Ships
Business
  • 1 mins read

China Imposes "Special" Fees on American Ships

China will impose special fees on American ships starting October 14 as a response to similar U.S. fees targeting Chinese ships, aiming to protect Chinese shipping companies' interests.

Head of Gold Division: Silver Supply Less Than Demand, Investor Awareness Supports Continued Price Rise
Business
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Head of Gold Division: Silver Supply Less Than Demand, Investor Awareness Supports Continued Price Rise

Ehhab Wasif, head of the Gold and Precious Metals Division at the Egyptian Federation of Industries, stated that silver supply is less than actual demand, supporting continued price increases. This is due to rising industrial and investment demand, especially in technology and clean energy sectors.

Saudi Riyal Exchange Rate Stable on Friday 10-10-2025 Due to Weekly Holiday
Business
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Saudi Riyal Exchange Rate Stable on Friday 10-10-2025 Due to Weekly Holiday

The Saudi Riyal exchange rate remained stable against the Egyptian Pound in Egyptian banks on Friday, October 10, 2025, due to the weekly bank holiday. The buying price at the National Bank of Egypt was 12.62 EGP and the selling price was 12.69 EGP.

Al-Azhar Sheikh Offers Condolences to Engineer Ibrahim Mahlab on Sister's Death
Business
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Al-Azhar Sheikh Offers Condolences to Engineer Ibrahim Mahlab on Sister's Death

Grand Imam of Al-Azhar Dr. Ahmed Al-Tayeb offered condolences to Engineer Ibrahim Mahlab on the death of his sister Dr. Mona Mahlab, who passed away this morning. The funeral will be held after Friday prayers at the Police Mosque in Sheikh Zayed.

Germany Seeks to Organize Conference for Gaza Reconstruction
Business
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Germany Seeks to Organize Conference for Gaza Reconstruction

German Chancellor Friedrich Merz announced Germany's intention to organize an international conference with Egypt to rebuild Gaza, alongside an agreement between Israel and Hamas to stop the war and exchange hostages.

China Opens Investigation into Qualcomm Over Suspected Antitrust Violations
Business
  • 1 mins read

China Opens Investigation into Qualcomm Over Suspected Antitrust Violations

China's market regulator has launched an investigation into US company Qualcomm for suspected antitrust violations following its acquisition of Autotalks in June. Qualcomm's shares fell 4% in pre-market trading in New York after the announcement.

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