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...
Egypt’s LNG Imports Set to Squeeze Europe’s Gas Market in 2025
Egypt's shift to become a net importer of liquefied natural gas (LNG) early next year is poised to tighten the European LNG market. Analysts warn...
Turkey and Egypt Strengthen Economic Ties with New Cooperation Initiatives
In a significant move to bolster economic relations, Turkish Ambassador Salih Mutlu Şen met with Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, during...
Saudi Arabia and China Unite to Build Special Economic Zone at Riyadh’s Mega Airport
Saudi Arabia just dropped some big news, folks. They're teaming up with China to establish a special economic zone within the massive King Salman International...
Saudi Arabia and South Africa Strengthen Economic Bonds at Johannesburg Forum
Saudi Arabia is taking significant steps to boost its economic partnership with South Africa. During the Saudi-South African Business Forum in Johannesburg, officials from both...
Saudi Arabia and China Join Forces to Establish New Logistics Hub
Saudi Arabia is partnering with China to create a groundbreaking logistics special economic zone. Announced at the Global Logistics Forum 2024 in Riyadh, this initiative...
Saudi Arabia’s Non-Oil Economy Surges by 4.9% in Q2
Saudi Arabia continues to showcase its economic resilience with a robust non-oil GDP growth of 4.9% year-on-year in the second quarter, according to a recent...