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...
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...
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...
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...
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...
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...
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,...
Fitch Raises Egypt’s Credit Rating by One Notch to ‘B’
Fitch Ratings has upgraded Egypt's credit rating from "B-" to "B," citing strengthened external finances, increased foreign investments, and tighter monetary conditions. This enhancement reflects...
Saudi PIF Acquires 54% Stake in MBC Group for $1.97 Billion
In a strategic move, Saudi Arabia’s Public Investment Fund (PIF) has agreed to purchase a 54% stake in MBC Group, marking a significant development in...
Türkiye and Saudi Arabia Set Sights on $10 Billion Trade Partnership
Turkey and Saudi Arabia are intensifying their economic ties, aiming to boost bilateral trade to $10 billion by 2025 through strategic collaboration and shared opportunities....
Saudi Arabia Secures $1.1 Billion to Aid Displaced in Sahel and Lake Chad Regions
Saudi Arabia has made a significant humanitarian stride by raising over $1.1 billion to support displaced persons and refugees in the Sahel and Lake Chad...
Saudi Arabia Emerges as a Global Entertainment Powerhouse Amid Vision 2030
Saudi Arabia is rapidly transforming its cultural landscape, emerging as a vibrant hub for live entertainment. With the establishment of state-of-the-art venues and the influx...
Armenia and Egypt Boost Economic Ties with Strategic Initiatives
Armenia and Egypt are stepping up their economic partnership, signaling a new era of collaboration between the two nations. High-level talks held in Yerevan have...
Saudi Arabia’s Fire Fighting Pumps Market Poised for Significant Growth by 2032
Saudi Arabia's stationary fire fighting pumps market is on an upward trajectory, with projections indicating a rise to US$ 110.4 million by 2032. This growth,...
Thunes Launches Comprehensive Payment Solutions in Egypt’s Booming Market
Thunes has officially extended its Direct Global Network to Egypt, marking a pivotal expansion in the company's cross-border payment services. This move enhances Thunes’ ability...
Standard & Poor’s Affirms Egypt’s Economy Rating and Positive Outlook
Standard & Poor’s (S&P), the renowned credit rating agency, has reaffirmed its debt rating for Egypt at B-/B, maintaining a positive outlook for the Egyptian...