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Category: Economy

By Noah MillerIn Economy, NewsPosted July 31, 2024

Korea-Saudi Business Forum Highlights Expanding Cooperation Beyond Oil

The Korea-Saudi Business Forum recently took place, emphasizing the growing cooperation between South Korea and Saudi Arabia in various sectors beyond oil. The forum, attended...

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By Ava WilliamsIn Economy, NewsPosted July 29, 2024

Yemenia Airways to Resume Flights to Cairo and India from Sanaa

Yemenia Airways has announced the resumption of commercial flights from Sanaa to Cairo and India, marking a significant step towards reconnecting Yemen with key international...

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By David SmithIn Economy, NewsPosted July 27, 2024

Egypt’s Music Industry Faces Challenges Amid Fragile Economy

Egypt’s music industry, once the epicenter of Arabic music, is facing significant challenges due to the country’s fragile economy. The devaluation of the Egyptian pound...

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By David SmithIn Economy, NewsPosted July 26, 2024

Saudi Arabia Turns to Kuwait for Fuel Oil to Meet Summer Demand

In a strategic move to address its soaring summer power demands, Saudi Arabia has turned to Kuwait for fuel oil imports for the first time...

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By Ava WilliamsIn Economy, NewsPosted July 26, 2024

Fuel costs soar in Egypt – Egypt Independent

Egypt is currently experiencing a significant surge in fuel costs, impacting various sectors of the economy and the daily lives of its citizens. The Ministry...

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By Noah MillerIn Economy, NewsPosted July 26, 2024

Enhancing Transportation Infrastructure for Economic Growth in Egypt

Egypt is making significant strides in enhancing its transportation infrastructure to drive economic growth. The government has launched several ambitious projects aimed at improving connectivity,...

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By Rian LordIn Economy, NewsPosted July 25, 2024

Zambia and Egypt: An Enduring Win-Win Relationship

Zambia and Egypt have cultivated a robust and mutually beneficial relationship over the years, marked by strong economic, political, and cultural ties. This enduring partnership...

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By David SmithIn Economy, NewsPosted July 25, 2024

Egypt Raises Domestic Fuel Prices by Up to 15% Ahead of IMF Review

In a significant move, Egypt has raised domestic fuel prices by up to 15%, just days before the International Monetary Fund (IMF) is set to...

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By Rian LordIn Economy, NewsPosted July 24, 2024

Orange Africa and Middle East Publishes “Seeds of Change” CSR Report

Orange Africa and Middle East (OMEA) has released its 2023 Corporate Social Responsibility (CSR) report titled “Seeds of Change.” This comprehensive report highlights the company’s...

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By Emma JohnsonIn Economy, NewsPosted July 22, 2024

Egypt Tops African Nations in Foreign Direct Investment in 2023

Egypt has emerged as the leading destination for foreign direct investment (FDI) in Africa for the second consecutive year in 2023. According to the United...

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By Noah MillerIn Economy, NewsPosted July 19, 2024

Egypt’s Central Bank Keeps Interest Rates Unchanged

In a recent decision, the Central Bank of Egypt (CBE) has opted to keep its key interest rates unchanged. This marks the second consecutive time...

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By David SmithIn Business, Economy, NewsPosted July 16, 2024

E& Egypt to Boost Investments in Egypt by 40% in 2024

E& Egypt has announced plans to significantly increase its investments in the Egyptian market by 40% in 2024. This ambitious move is part of the...

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By Emma JohnsonIn Economy, NewsPosted July 16, 2024

Foreign Minister Praises BOI Office in Riyadh as Milestone in Thai-Saudi Economic Partnership

The recent inauguration of the Thailand Board of Investment (BOI) Office in Riyadh marks a significant milestone in the economic partnership between Thailand and Saudi...

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By David SmithIn Business, Economy, NewsPosted July 16, 2024

Saudi Arabia Corporate Training Market Set to Achieve a Valuation of US$ 17.6+ Billion by 2030

The corporate training market in Saudi Arabia is on a remarkable growth trajectory, projected to reach a valuation of over US$ 17.6 billion by 2030....

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By Noah MillerIn Business, Economy, NewsPosted July 12, 2024

Saudi Foreign Minister Receives French President’s Advisor for Middle East and North Africa

In a significant diplomatic engagement, Saudi Arabia’s Foreign Minister, Prince Faisal bin Farhan bin Abdullah, welcomed Anne-Claire Legendre, the Advisor to the President of the...

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By David SmithIn Economy, NewsPosted July 11, 2024

Egypt Lowers 2025 Wheat Self-Sufficiency Target to 51%

In a significant policy shift, Egypt has revised its wheat self-sufficiency target for the fiscal year ending in June 2025 to 51%. This adjustment comes...

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