The inaugural Saudi Arabia Snooker Masters has commenced in Riyadh, featuring a near-record prize pot of £2.3 million. This tournament, which is the most lucrative...
Egypt’s Exports to Russia Hit $489 Million in 2021
In a notable economic development, Egypt’s exports to Russia surged to $489 million in 2021, marking a significant 17.5% increase from the previous year. This...
Egypt Eyes Increased British Investments to Boost Economic Growth
Egypt’s Finance Minister, Ahmed Kouchouk, has emphasized the importance of attracting more British investments to support the country’s economic development. During a recent meeting with...
IMF Eases Conditions on Egypt’s $8 Billion Finance Package
The International Monetary Fund (IMF) has softened several conditions of its $8 billion financial support package to Egypt, providing the country with more time to...
Saudi Arabia’s Trade Surplus Surpasses SR98 Billion in Q2 2024
Saudi Arabia’s trade surplus reached an impressive SR98.36 billion in the second quarter of 2024, marking a significant milestone for the Kingdom’s economy. This achievement...
Egypt Expects to Save $614 Million After Recent Electricity Price Increase
The Egyptian government has announced that it expects to save approximately $614 million following a recent increase in electricity prices. This decision, aimed at reducing...
Saudi Arabia’s Spending Strategy Shifts Towards Domestic Investment
Saudi Arabia is undergoing a significant transformation in its spending strategy, focusing more on domestic investments rather than external ventures. This shift is part of...
Saudi Cultural Fund to Launch New Initiative to Finance Cultural Projects
The Saudi Cultural Development Fund (CDF) is set to launch a groundbreaking initiative aimed at financing cultural projects across the kingdom. This new program, which...
Saudi Wealth Fund Brings Era of Easy Money to an End
Saudi Arabia’s Public Investment Fund (PIF) has announced a significant shift in its financial strategy, signaling the end of an era of easy money. The...
Egypt and Saudi Arabia to Enhance Investment Cooperation Agreement
Egypt and Saudi Arabia are set to enhance their investment cooperation agreement, aiming to bolster economic ties and attract significant investments in key sectors. This...
Economic Conference on Digital Economy and Technology to Take Place in Amman
The Tenth Economic Conference on Digital Economy and Technology is set to take place in Amman this Saturday. Organized by the Jordan Society for Scientific...
Jordan’s Foreign Reserves Surge to $19.142 Billion in July
In a significant boost to its economic stability, Jordan’s foreign reserves have risen to $19.142 billion at the end of July 2024. This increase, up...
Egypt Valuations and Downside Risks Cause Caution: IFR
Egypt’s sovereign debt, which experienced a significant rally during the first half of the year, is now facing increased scrutiny due to rising geopolitical tensions...
Egypt and UAE Join Forces to Establish $3 Billion Logistics Zone
In a landmark agreement, Egypt and the United Arab Emirates (UAE) have joined forces to establish a $3 billion logistics zone in the Mediterranean region....
Remittances from Egyptians Abroad Surge 66% to $7.5 Billion
In a remarkable financial development, the Central Bank of Egypt (CBE) has reported a significant increase in remittances from Egyptians working abroad. The remittances surged...
Egypt Bets Big with Historic 3.8 Million Metric Ton Wheat Tender
Egypt has announced a historic tender for 3.8 million metric tons of wheat, marking its largest ever procurement. This ambitious move by the General Authority...