Arab Finance

#InterviewOfTheWeek | Henkel's Global Business Solutions (GBS+) network plays a crucial role in the company's global operations, providing essential services and support across various functions. With over 3,600 skilled professionals operating from key locations, GBS+ acts as a strategic partner, managing processes ranging from finance and HR to IT, logistics, and marketing. This global network ensures seamless support to more than 75 countries globally, enabling Henkel to optimize operations, deliver innovative solutions, and effectively address the diverse needs of its worldwide business. In this exclusive interview, we sat down with Dr. Roland Haefs, Corporate Vice President of GBS+, and Shereen Alaa, Head of GBS+ Cairo to discuss GBS+ operations. They delve into the strategic importance of this network, with a particular focus on the Cairo center's contributions to Henkel's growth and its impact on the Egyptian market. Read the full Interview > https://shorturl.at/eflYN For more Interviews don’t forget to Subscribe to our Newsletter > https://lnkd.in/dYCSUNjN #ArabFinance #Egypt #Economy #Growth #Development #Market

The Suez Canal Economic Zone (SCZone) is set to finalize a framework agreement for a $7.5 billion green hydrogen project. Read more > https://shorturl.at/ppWPl #ArabFinance #Egypt #Economy #News

The Central Bank of Egypt (CBE) announced that remittances from Egyptians working abroad reached $23.7 billion in the first ten months of 2024, reflecting a 45.3% year-on-year (YoY) increase. Read more > https://shorturl.at/HVgoM #ArabFinance #Egypt #Economy #News

The European Bank for Reconstruction and Development (EBRD) has approved a $275 million syndicated loan for a 1.1 GW wind farm project in the Gulf of Suez, developed by Saudi-based ACWA Power and Hassan Allam Utilities. Read more > https://shorturl.at/0LuuH #ArabFinance #Egypt #Economy #News

The Suez Canal Economic Zone (SCZone) has inked an $8.8 million contract with the Turkish firm Denim Rise to establish a ready-made clothing manufacturing facility in the Qantara West Industrial Zone. Read more > https://shorturl.at/iveSl #ArabFinance #Egypt #Economy #News

#FigureOfTheWeek | Compensation paid by government to Ras El Hekma residents. #ArabFinance #Egypt #Economy #News

#Infographic | From January to October 2024, Egypt's exports to D-8 countries reached $2.6 billion for Türkiye, $119.8 million for Nigeria, $109.5 million for Indonesia, $88.7 million for Pakistan, $77.4 million for Malaysia, $61.2 million for Bangladesh, and $2.5 million for Iran, according to CAPMAS. The D-8, or Developing-8, is an organization of eight developing countries that collaborate to enhance economic cooperation and development. The group focuses on improving trade relations, fostering sustainable development, and promoting social and economic progress among its members. It was established in 1997. #ArabFinance #Egypt #Economy #News #Development

The Egyptian pound has extended its decline against the US dollar on December 23rd, hitting a new record low. Read more > https://shorturl.at/gjrQz #ArabFinance #Egypt #Economy #News

The Egyptian government is set to launch a new national initiative to convert vehicles to operate on natural gas, with implementation scheduled to begin early next year. Read more > https://shorturl.at/zXDg7 #ArabFinance #Egypt #Economy #News

Egypt’s Minister of Civil Aviation Sameh Hefny follows up on plans to construct a new terminal at Cairo International Airport, referred to as "Terminal 4," with an initial capacity of at least 30 million passengers annually. Read more > https://shorturl.at/lo8EF #ArabFinance #Egypt #Economy #News