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Category: Economy

By Emma JohnsonIn Economy, NewsPosted April 27, 2024

Tinubu’s Strategic Engagement at the Riyadh World Economic Forum

Nigeria’s President Bola Tinubu has embarked on a significant journey to Riyadh, Saudi Arabia, to participate in the 2024 Special World Economic Forum (WEF). This...

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By Ava WilliamsIn Economy, NewsPosted April 27, 2024

Sri Lanka’s Strategic Move to Diversify Onion Imports Amidst Economic Revival

In a bid to stabilize the domestic market and diversify its import sources, Sri Lanka is considering the importation of big onions from Egypt. This...

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By David SmithIn Economy, NewsPosted April 13, 2024

Bridging Continents: The Egyptian Workforce in Croatia

In a significant development for the labor market dynamics of Croatia, over 1,300 Egyptians have become part of the country’s workforce. This influx is a...

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By David SmithIn Economy, NewsPosted April 12, 2024

Ramadan’s Paradox: Increased Devotion and Soaring Food Prices

As the holy month of Ramadan unfolds, Muslims worldwide engage in a period of fasting and reflection, yet ironically, food consumption and expenses soar. A...

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By Rian LordIn Economy, NewsPosted April 3, 2024

Egypt’s Economic Reforms: A Path to Enhanced Financial Stability

In a significant move to bolster its financial stability, Egypt has implemented a series of serious reforms, as recognized by the International Monetary Fund (IMF)....

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By David SmithIn Economy, News, TravelPosted April 2, 2024

Saudi Arabia’s Record-Breaking Tourism Revenue in 2023

In 2023, Saudi Arabia’s tourism industry achieved an unprecedented milestone, with visitors spending a staggering USD 36 billion, as reported by the Saudi Central Bank....

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By Rian LordIn Economy, Finance, NewsPosted March 29, 2024

Egypt’s Commitment: Bolstering Bread Subsidies Amid Economic Reform

In a decisive move to support its citizens amidst economic reforms, Egypt has earmarked a substantial $2.66 billion for bread subsidies within the new budget...

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By Noah MillerIn Economy, NewsPosted March 29, 2024

Egypt Secures Vital Vegetable Oils Amidst Global Market Volatility

In a strategic move to bolster its national reserves, Egypt’s General Authority for Supply Commodities (GASC) has successfully procured 35,250 metric tons of vegetable oils...

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By Emma JohnsonIn Economy, NewsPosted March 28, 2024

Egypt’s Innovative Leap: Land Sales in Dollars to Global Buyers

In a groundbreaking move, Egypt has authorized the sale of land plots in dollars to buyers residing abroad. This policy shift aims to attract foreign...

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By Ava WilliamsIn Economy, NewsPosted March 28, 2024

Anticipation Peaks as Egypt and Pakistan Stand on the Precipice of Market Reclassification

The financial world holds its breath as Egypt and Pakistan await the pivotal decision from FTSE Russell on their emerging-market status. The outcome, due to...

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By Emma JohnsonIn Economy, NewsPosted March 26, 2024

Egypt’s Dilemma: The IMF Loan and the Deepening Cost of Living Crisis

In the wake of securing a substantial loan from the International Monetary Fund (IMF), Egypt faces a deepening cost of living crisis, casting a shadow...

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By Rian LordIn Economy, NewsPosted March 25, 2024

Egypt’s Economic Outlook: A Date with the IMF Executive Board

Egypt’s economic future is set to take center stage as the country is listed on the IMF Executive Board’s calendar for March 29. This pivotal...

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By Rian LordIn Economy, NewsPosted March 25, 2024

Record-Breaking Ramadan: Saudi Arabia’s Retail Triumph

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...

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By Ava WilliamsIn Economy, Finance, NewsPosted March 20, 2024

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...

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By Noah MillerIn Economy, NewsPosted March 15, 2024

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...

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By David SmithIn Economy, NewsPosted March 15, 2024

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...

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