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Category: Economy

By David SmithIn Economy, NewsPosted April 1, 2025

Egypt Unveils New Suez Canal Expansion Amid Economic Ambitions

Egypt is gearing up for a historic moment as it inaugurates a newly constructed 72-kilometer parallel channel to the Suez Canal. The expansion, set to...

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By Rian LordIn Economy, NewsPosted March 27, 2025

Egypt Approves $91 Billion Budget for 2025/26 Amid IMF-Backed Reforms

Egypt’s government has signed off on a new state budget worth 4.6 trillion Egyptian pounds ($91 billion) for the 2025/26 fiscal year, reflecting significant increases...

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By David SmithIn Economy, NewsPosted December 10, 2024

Saudi Arabia’s Bold Reforms Propel Economic Growth and Empowerment

In a remarkable transformation, Saudi Arabia is witnessing significant economic growth and social empowerment through its bold reforms. HRSD Leads the Charge in Workforce Transformation...

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By Rian LordIn Economy, NewsPosted December 9, 2024

Drought and Land Degradation Dominate UN Summit Discussions in Riyadh

At the United Nations summit in Riyadh, Saudi Arabia, the pressing issues of drought and land degradation took center stage. A recently released UN report...

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By Rian LordIn Economy, NewsPosted December 9, 2024

ATD Saudi Arabia Conference 2024 Celebrated for Dynamic Content and Elite Participation

The ATD Saudi Arabia Conference 2024 wrapped up on November 26 with a burst of energy and inspiration. Held in Riyadh, this premier Learning and...

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By Emma JohnsonIn Economy, NewsPosted December 9, 2024

Gold Prices in Egypt Poised for Significant Rise by End of 2024

Gold enthusiasts in Egypt have something to look forward to. Naji Farag, the Advisor for Gold Affairs to the Egyptian Supply Minister, shared promising news...

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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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