The Saudi petrochemical sector is poised for a dramatic 95% quarter-on-quarter increase in earnings, yet faces a 31% year-on-year decline, reflecting a volatile period of...
Egypt’s New Frontier: A Firm Stance on Migration Amid Humanitarian Concerns
In a move that has drawn international attention, Egypt has intensified its approach to managing Sudanese migrants within its borders. This crackdown on illegal migration...
Bridging Economies: Egypt and EU Convene to Forge Path Through Financial Turbulence
In a concerted effort to navigate through its economic challenges, Egypt, in partnership with the European Union, has convened a pivotal investment conference. This gathering...
Economic Pulse: Saudi Non-Oil Sector Slows, Signaling Caution Ahead
In a significant economic development, Saudi Arabia’s non-oil business activity has seen a downturn, reaching its lowest point in two and a half years according...
Saudi Wealth Fund’s Record Profit: A Beacon of Economic Transformation
In an unprecedented financial triumph, Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has reported a staggering profit of $36.8 billion for the...
Saudi Arabia May Scale Back 13 Multi-Trillion Pound Giga-Projects Amid Low Oil Prices
Saudi Arabia is reportedly considering scaling back its ambitious multi-trillion pound giga-projects, including luxury Red Sea holiday islands and the futuristic city known as The...
Saudi Arabia Soars to 16th in Global Competitiveness
In a remarkable leap forward, Saudi Arabia has ascended to the 16th position in the World Competitiveness Index of 2024. This advancement is a testament...
Egypt’s Merchandise Exports Surge to $16.5 Billion in Early 2024
In a remarkable economic upturn, Egypt’s non-oil merchandise exports have soared to $16.5 billion within the first five months of 2024. This significant growth marks...
Saudi Economy Bolstered by Robust Domestic Demand, According to IMF
The International Monetary Fund (IMF) has highlighted domestic demand as the continuing force propelling the Saudi economy forward. With non-oil growth projected at about 3.5%...
Saudi Arabia’s Strategic Move into the Electric Vehicle Arena through Chilean Lithium
In a strategic pivot towards the burgeoning electric vehicle (EV) market, Saudi Arabia has set its sights on Chile’s rich lithium reserves. This move underscores...
Egypt Reduces Total Deficit to 3.6% in Period from July to May 2024
In a significant fiscal achievement, Egypt has successfully reduced its total deficit to 3.6% during the period from July to May 2024. This marks a...
Egypt’s Central Bank Holds Steady Amid Economic Flux
In a move that signals cautious optimism, Egypt’s central bank has decided to maintain its key interest rates, a decision that aligns with the country’s...
Egypt’s Economic Resurgence: The Pound’s Triumph Over Regional Currencies
In a bold move that has sent ripples through the financial world, Egypt’s currency, the pound, has made significant gains against the dollar, leading to...
UK Reinforces Economic Partnership with Saudi Arabia in Landmark Summit
In a significant move to strengthen economic relations, the UK has embarked on a strategic partnership with Saudi Arabia, marked by a substantial delegation aimed...
Saudi Arabia’s Crossroads: Balancing Flagship Projects Amid Fiscal Constraints
Saudi Arabia stands at a pivotal juncture as it navigates the complex terrain of funding its ambitious flagship projects. The kingdom, known for its grand...
Saudi Arabia’s Fiscal Fortitude: Non-Oil Revenues Surge in Q1
The Kingdom of Saudi Arabia has reported a robust increase in non-oil revenues, showcasing a 9% rise in the first quarter of 2024 compared to...