Egypt’s government is cracking down on foreign exchange leaks from export operations, expanding the list of goods that require full upfront payment in foreign currency...
Euro Vaults to Fresh Highs Against Egyptian Pound, Sparks Worry and Speculation
The euro kicked off Egypt’s banking week with a bang, jumping more than 30 piasters in just a day. That’s not just a number—it’s a...
Foreign Cash Floods Egypt’s Treasury Bills as Investors Look Past Regional Flashpoints
Foreign investors stunned Cairo’s financial markets Wednesday by pumping billions into Egypt’s short-term debt, shrugging off the regional tremors stirred by tensions between Israel and...
Egypt’s Interest Rate Cut Seen as No Immediate Spark for Local Gold Prices
Egypt’s recent decision to slash interest rates by a full percentage point won’t instantly shake up gold prices here at home, according to Ehab Wassef,...
Saudi Arabia Reaffirms $600 Billion Push to Deepen U.S. Trade and Investment Ties
King Salman chairs Cabinet session in Jeddah as Riyadh eyes historic economic alignment with Washington Saudi Arabia is doubling down on its economic ambitions with...
Saudi Media Industry Set to Double Economic Impact, Targeting $12 Billion by 2030
Saudi Arabia’s media sector is on the brink of a major leap, aiming to double its contribution to the national economy and create a vibrant...
Egypt Unveils $1.5 Billion Treasury Bills in Ambitious Auction Move
The Central Bank of Egypt took a big step on Sunday, May 18, issuing treasury bills totaling EGP 75 billion ($1.5 billion) in two separate...
SaudiFood Manufacturing 2025 Returns as Kingdom Eyes F&B Industrial Dominance
Saudi Arabia’s push to dominate the regional food and beverage manufacturing landscape is back on full display as the second edition of SaudiFood Manufacturing opens...
Trump’s Trade War Sends Shockwaves Through Arab Economies
April 2 was anything but business as usual. On what he dubbed “Liberation Day,” U.S. President Donald Trump slapped sweeping new tariffs on nearly every...
Israeli Industry Reels as US Slaps 17% Tariff on Goods, $2.3B in Exports at Risk
Manufacturers warn up to 26,000 jobs could vanish; Netanyahu flies to Washington amid rising fears of deeper trade damage Israeli exports to the United States...
Trump’s New Tariffs Spark Global Alarm—But Egypt Might Just Come Out Ahead
As the world scrambles to process the latest shockwave from Washington, some Egyptian exporters are quietly exhaling. While U.S. President Donald Trump’s new 10 percent...
Egypt’s Foreign Asset Reserves Jump $1.48 Billion in February, Signaling Market Confidence
Egypt just notched a $1.48 billion rise in its net foreign assets in February — its second consecutive monthly gain this year. That’s a much-needed...
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...
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...
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...
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...