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Category: Economy

By Ava WilliamsIn Economy, NewsPosted December 4, 2024

Kazakh President Expresses Gratitude for Support in Organizing One Water Summit in Riyadh

During his visit to Riyadh on December 3, 2024, President of Kazakhstan Kassym-Jomart Tokayev met with several key global leaders to discuss ongoing cooperation and...

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By Emma JohnsonIn Economy, NewsPosted November 30, 2024

China and Saudi Arabia Deepen Financial Ties Beyond Traditional Trade

China and Saudi Arabia are ramping up their relationship, moving past mere trade agreements to explore deeper financial collaborations, signaling a significant shift in Middle...

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By David SmithIn Economy, NewsPosted November 27, 2024

Saudi Arabia’s 2025 Budget Projects $27 Billion Deficit Amid Gigaproject Investments

Saudi Arabia has unveiled its state budget for 2025, forecasting a fiscal deficit of 101 billion riyals ($26.88 billion). This significant shortfall is primarily attributed...

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By Rian LordIn Economy, NewsPosted November 26, 2024

Chinese-Egyptian Alliance to Develop $7 Billion Agricultural Complex in New Valley

In a landmark collaboration, China and Egypt are set to revolutionize agricultural production with a $7 billion investment in the New Valley Governorate, aiming to...

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By David SmithIn Economy, NewsPosted November 26, 2024

Egyptian, Ukrainian FMs Discuss Global Food Security

Egypt and Ukraine are deepening their ties, focusing on collaborative efforts to enhance global food security amidst ongoing global challenges. During the G7 meetings in...

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By Emma JohnsonIn Economy, NewsPosted November 25, 2024

flyadeal Sets Sights on India for Fleet Expansion with Widebody Aircraft in 2025

Saudi Arabia’s flyadeal is gearing up for a significant expansion, eyeing India as a key market for introducing widebody aircraft by 2025. CEO Steven Greenway...

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By Ava WilliamsIn Economy, NewsPosted November 25, 2024

Kenya Can Harness Lessons from Saudi Arabia’s Vision 2030 for Economic Growth

Saudi Arabia’s Vision 2030 presents a roadmap that Kenya can adopt to accelerate its economic development and achieve national stability through strategic reforms and citizen...

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By Ava WilliamsIn Economy, NewsPosted November 25, 2024

Egypt’s FM Engages with Egyptian Community in Kuwait, Enhancing Diplomatic Ties

Dr. Badr Abdelatty, Egypt’s Foreign Minister, met with Egyptian community leaders in Kuwait on Sunday, emphasizing the nation’s commitment to its expatriates and strengthening bilateral...

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By David SmithIn Economy, NewsPosted November 21, 2024

Egypt’s PM Highlights Major National and International Developments in Weekly Briefing

In a significant display of Egypt’s growing global influence, Prime Minister Mostafa Madbouly underscored the nation’s pivotal role at the recent G20 Summit in Rio...

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By David SmithIn Economy, NewsPosted November 15, 2024

Egypt’s MSMEDA Partners with Capital Ventures to Empower Medium-Sized Enterprises

Egypt is taking a bold step to bolster its economy by fostering the growth of medium-sized enterprises. The Micro, Small, and Medium Enterprises Development Agency...

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By David SmithIn Economy, NewsPosted November 15, 2024

NEOM Vision 2030 Faces Major Overhaul Amid Rising Costs

Saudi Arabia’s flagship NEOM project, a key element of the Vision 2030 initiative, is experiencing a significant reduction in scope due to skyrocketing expenses. Originally...

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By Emma JohnsonIn Economy, NewsPosted November 14, 2024

Egypt Opens Satis Gas Field for Bidding, Tying Arrears to Production

Egypt takes a bold step in the global energy market by opening the Satis gas field for international bidding, linking debt repayments to future gas...

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By David SmithIn Economy, NewsPosted November 14, 2024

BP to Launch Two Exploratory Gas Wells in Egypt’s Mediterranean by January 2025

British Petroleum (BP) is set to begin drilling two new natural gas wells in Egypt’s western Delta region of the Mediterranean next January, marking a...

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By Noah MillerIn Economy, NewsPosted November 13, 2024

Saudi Crown Prince Commits to Supporting Nigeria’s Economic Reforms in Riyadh Meeting

In a pivotal meeting held in Riyadh on Monday, Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince and Prime Minister of...

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By Rian LordIn Economy, NewsPosted November 12, 2024

Egypt-Saudi Arabia Trade Exchange Soars to $7.5 Billion in First Nine Months of 2024

The economic ties between Egypt and Saudi Arabia have reached new heights, with trade exchanges increasing by nearly 34% year-on-year in the first nine months...

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By David SmithIn Economy, NewsPosted November 12, 2024

Saudi Arabia’s Vision 2030: Bridging Tradition and Modernity for Global Leadership

Saudi Arabia is charting an ambitious path towards modernization, balancing its rich Islamic heritage with cutting-edge advancements to emerge as a global powerhouse in technology,...

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