As the holy month of Ramadan commenced, Saudi Arabia witnessed a remarkable surge in consumer spending, shattering records with sales exceeding SAR 116 billion in...
Egypt’s Economic Horizon: S&P’s Outlook Shift from Positive to Stable
In a significant development for Egypt’s economic landscape, Standard & Poor’s has adjusted the nation’s economic outlook. This change reflects a nuanced analysis of the...
Egypt’s Currency Confidence: Dollar Demand Dips as Economy Stabilizes
In a recent statement that has resonated through the financial corridors of Egypt, the central bank governor has indicated a decline in the demand for...
A Historic Leap: Non-Oil Sectors Fuel Half of Saudi Arabia’s GDP
In an unprecedented economic shift, Saudi Arabia’s non-oil sectors have surged to contribute 50% of the nation’s Gross Domestic Product (GDP) in 2023. This landmark...