The foreign ministers of Greece, Cyprus, and Egypt convened in New York on the sidelines of the 79th Session of the United Nations General Assembly...
Egypt’s Yield on 3-Month Treasury Bills Hits Record 29.6%
Egypt has achieved a record yield of 29.6% on its 3-month treasury bills, reflecting the country’s ongoing efforts to manage its economic challenges and attract...
Egypt Opens Up to Saudi Investment
Egypt has recently announced a significant opening to Saudi investment, marking a new phase in the economic relationship between the two nations. This move comes...
US & UAE Discuss Progress on India-Middle East-Europe Economic Corridor
US President Joe Biden and UAE President Sheikh Mohamed bin Zayed Al Nahyan recently discussed the progress of the India-Middle East-Europe Economic Corridor (IMEC) during...
Saudi Gas Investments: A Marriage of Economic and Geopolitics
Saudi Arabia is making significant strides to become a major player in the global natural gas market. This strategic move is not only aimed at...
US Pledges $129 Million to Support Egypt’s Economic Reforms
In a significant move to bolster Egypt’s economic reforms, the United States has pledged $129 million in support. This announcement was made during the US-Egypt...
Saudi Exports and Nahdi Medical Company Launch ‘Made in Saudi’ Brand in Pharmacies
The Saudi Exports Development Authority, through its ‘Made in Saudi’ program, has signed a strategic Memorandum of Understanding (MOU) with Nahdi Medical Company to launch...
SCZone Chairman Partakes in Egypt-UK Investment Forum
Waleed Gamal El-Din, Chairman of the Suez Canal Economic Zone (SCZone), recently participated in the Egypt-UK Investment Forum held in London from September 15 to...
Saudi Arabia: Areeb Capital Fund Acquires $3.2 Billion Land in Dammam
Areeb Capital, a leading asset management company in Saudi Arabia, has announced the acquisition of a 32-million-square-meter plot of land in Dammam for $3.2 billion....
Saudi Arabia Strikes $1 Billion Deal as Aluminum Drive Picks Up
Saudi Arabia has announced a significant $1 billion deal to accelerate its aluminum production, marking a major step in the Kingdom’s efforts to diversify its...
Egypt to Develop Second Tax Facilities Package to Boost Investment and Ease Foreign Trade
In a strategic move to stimulate economic growth, the Egyptian government is developing a second package of tax facilities aimed at boosting investment and easing...
Iraqi PM Meets Major Egyptian Companies to Boost Economic Cooperation
Prime Minister Mohammed S. Al-Sudani of Iraq recently met with Egypt’s Deputy Prime Minister and Minister of Transport and Industry, Kamel El-Wazir, along with heads...
Saudi-Listed Emaar EC Proposes 50% Capital Reduction in $2.3 Billion Turnaround Plan
Emaar The Economic City (Emaar EC), the master developer of King Abdullah Economic City (KAEC) in Saudi Arabia, has announced a comprehensive $2.3 billion capital...
Saudi Arabia’s Fiscal Breakeven Oil Price is Rising Fast
Saudi Arabia’s fiscal breakeven oil price is climbing rapidly as the kingdom undertakes massive spending projects under its Vision 2030 initiative. This rising breakeven price,...
Egypt’s Dilemma: Back Out of IMF Reforms or Anger Its Citizens
Egypt is at a crossroads as it grapples with the implementation of International Monetary Fund (IMF) reforms. The country faces a tough decision: adhere to...
Egypt’s Non-Oil Private Sector Economy Expands
Egypt’s non-oil private sector economy has shown signs of recovery, expanding in August for the first time in three years. The latest Purchasing Managers’ Index...