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...
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...
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...
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...
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...
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...
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)....
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....
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...
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...
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...