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Category: Economy

By Rian LordIn Economy, NewsPosted June 2, 2026

Saudi Arabia Enforces 70% Procurement Saudization From May 31

Saudi Arabia began enforcing a 70 percent Saudization requirement across 12 procurement professions on Sunday, May 31, one of the steepest localization quotas the Kingdom...

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By Rian LordIn Economy, NewsPosted June 1, 2026

Jordan Cut Fuel Prices in June but the Tax Floor Held Firm

Jordan's Fuel Pricing Committee cut pump prices for June 2026, dropping 90-octane gasoline to 0.915 dinars a litre (about $1.29) from one dinar in May,...

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By Rian LordIn Economy, NewsPosted June 1, 2026

Saudi Flag on Two New Ships Marks a Quiet Registry Push

Saudi Arabia raised its national flag aboard two vessels on Monday, one at Ras Tanura Port on the Gulf coast and the other at Jeddah...

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By Rian LordIn Economy, NewsPosted June 1, 2026

Egypt Adds Turkiye’s OZ Mining to Its Eastern Desert Gold Queue

Egypt has added another foreign name to the list of companies circling its Eastern Desert gold belt. The Mineral Resources and Mining Industries Authority (MRMIA,...

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By Rian LordIn Economy, NewsPosted May 22, 2026

Saudi Consultant Freeze Turns Vision 2030 Into a Cash Test

The Saudi consultant freeze reported this week is less a sudden backlash against McKinsey decks than a cash discipline signal from a government whose transformation...

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By Rian LordIn Economy, NewsPosted May 22, 2026

India-Middle East-Europe Corridor Needs a War Plan

The India-Middle East-Europe Economic Corridor was unveiled as a faster bridge for goods, energy and data. After the Iran war exposed what the European Council...

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By Rian LordIn Economy, NewsPosted May 22, 2026

Jordan Exports to Europe Jump but Factories Face EU Test

Jordan exports to Europe jumped 72.3 percent in the first two months of 2026, reaching JOD112 million, about $158 million at the Jordanian dinar's fixed...

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By Rian LordIn Economy, NewsPosted May 22, 2026

Kharg Island Tanker Queue Turns Into Iran’s Storage Test

The Kharg Island tanker queue has grown from a shipping delay into a storage test for Iran's oil system. Satellite and maritime intelligence reviewed on...

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By Rian LordIn Economy, NewsPosted May 22, 2026

Hormuz Crisis Turns Egypt’s LNG Terminals Into a Strategic Prize

Egypt's liquefied natural gas (LNG, gas cooled to liquid form for bulk sea shipment) import bill tripled in the first quarter of this year, rising...

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By Rian LordIn Economy, NewsPosted May 20, 2026

Saudi Cabinet Pairs Security Vow With GCC Railway and Eight MoUs

Saudi Arabia's Council of Ministers pledged on Tuesday that the Kingdom will never hesitate to take all measures necessary to protect its security, preserve its...

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By Rian LordIn Economy, NewsPosted May 20, 2026

Egypt and Britain Push Africa Plan as Sudan Truce Slips

Egypt's Foreign Minister Badr Abdelatty sat down with Britain's Baroness Jenny Chapman, the UK Minister of State for International Development and Africa, in London on...

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By Rian LordIn Economy, NewsPosted May 20, 2026

Egypt and Britain Push Africa Plan as Sudan Truce Slips

Egypt's Foreign Minister Badr Abdelatty met Britain's Baroness Jenny Chapman, the UK Minister of State for International Development and Africa, in London on Tuesday with...

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By Noah MillerIn Economy, NewsPosted December 8, 2025

MrBeast’s Saudi Arabia Debut Draws Global Frenzy as 100 Pilots Compete for a Private Jet

MrBeast’s newest YouTube episode — filmed entirely in Saudi Arabia — has already exploded across social platforms, pulling in millions of views within hours and...

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By David SmithIn Economy, NewsPosted December 8, 2025

Amazon Egypt Expands Large-Scale Storage Footprint as Demand Surges and Local Manufacturing Accelerates

Amazon Egypt is expanding its logistics and storage infrastructure at one of the fastest rates since it entered the market, driven by a sharp rise...

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By Noah MillerIn Economy, NewsPosted December 8, 2025

Egyptian Property Developers Turn to Record Cash Discounts as Liquidity Crisis Deepens

Egypt’s real estate sector is witnessing something it has never seen before: cash payment discounts of up to 55% from major developers, far surpassing traditional...

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By Noah MillerIn Economy, NewsPosted December 3, 2025

Malaysian Banks Introduce Goodwill Discounts as Car Loan Rules Shift Under New Hire-Purchase Amendments

Malaysia’s banking industry is preparing to offer goodwill discounts on early car loan settlements as the Hire-Purchase (Amendment) Act moves closer to taking effect in...

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