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Category: Economy

By David SmithIn Economy, NewsPosted July 3, 2024

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...

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By Emma JohnsonIn Economy, NewsPosted July 3, 2024

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...

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By Ava WilliamsIn Economy, NewsPosted July 3, 2024

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...

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By David SmithIn Economy, Finance, NewsPosted July 3, 2024

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...

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By David SmithIn Economy, NewsPosted June 24, 2024

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...

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By David SmithIn Economy, NewsPosted June 19, 2024

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...

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By Emma JohnsonIn Economy, NewsPosted June 19, 2024

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...

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By Emma JohnsonIn Economy, Finance, NewsPosted June 15, 2024

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%...

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By Ava WilliamsIn Business, Economy, NewsPosted June 15, 2024

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...

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By David SmithIn Economy, NewsPosted June 12, 2024

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...

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By Ava WilliamsIn Economy, Finance, NewsPosted May 24, 2024

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...

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By David SmithIn Economy, Finance, NewsPosted May 20, 2024

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...

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By David SmithIn Economy, NewsPosted May 15, 2024

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...

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By Emma JohnsonIn Economy, Finance, NewsPosted May 14, 2024

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...

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By Ava WilliamsIn Economy, NewsPosted May 6, 2024

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...

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By David SmithIn Economy, NewsPosted April 27, 2024

Malaysia’s Premier Anwar Ibrahim at the Helm of Global Development Talks in Riyadh

Malaysia’s Prime Minister, Datuk Seri Anwar Ibrahim, is set to attend a special meeting of the World Economic Forum (WEF) in Riyadh, Saudi Arabia. This...

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