In a decisive move to support its citizens amidst economic reforms, Egypt has earmarked a substantial $2.66 billion for bread subsidies within the new budget...
Egypt’s Strategic Move: Clearing Debts to Energize the Oil Sector
In a decisive step towards economic stability, Egypt has initiated the process of clearing 20% of its outstanding debts to foreign oil firms. This move...
Record-Breaking Ramadan: Saudi Arabia’s Retail Triumph
As the holy month of Ramadan commenced, Saudi Arabia witnessed a remarkable surge in consumer spending, shattering records with sales exceeding SAR 116 billion in...
Egypt’s Economic Horizon: S&P’s Outlook Shift from Positive to Stable
In a significant development for Egypt’s economic landscape, Standard & Poor’s has adjusted the nation’s economic outlook. This change reflects a nuanced analysis of the...
Egypt’s T-Bill Market Flourishes Post-Devaluation
In a striking turn of events, Egypt’s treasury bills have become a beacon for investors, shining brighter a week after the country’s currency devaluation. The...
Egypt’s dollar bonds and pound soar amid economic recovery
Egypt’s sovereign dollar bonds and its currency, the pound, have risen sharply in the past few days, reflecting the improving economic outlook and the positive...
Saudi Arabia sees 30% rise in IPO pipeline in one year
Saudi Arabia, the largest economy in the Middle East, has witnessed a 30% increase in the number of initial public offerings (IPOs) in the pipeline...
Saudi Arabia sets 70% target for non-cash payments by 2025
Saudi Arabia, the largest economy in the Middle East, has set an ambitious target to increase the share of non-cash payments to 70% of all...
Saudi National Bank launches Single Stock Options contracts at SCMF 2024
The Saudi National Bank (SNB), the largest bank in the kingdom, has announced the launch of Single Stock Options (SSOs) contracts on its shares, as...
Suez Canal Revenue Plummets Due to Houthi Attacks in Red Sea
Egypt’s President Abdel Fattah al-Sisi revealed on Monday that the revenue from the Suez Canal, one of the country’s main sources of foreign currency, has...
Pakistan’s Largest Business Delegation Heads to Riyadh for B2B Conference
A delegation of Pakistan’s top business groups, comprising more than 20 prominent businessmen, has left for Riyadh, Saudi Arabia, to attend a Business to Business...
How Kenya became a strategic market for Egypt’s largest bank
Egypt’s Commercial International Bank (CIB), the largest private sector bank in the country, has completed its acquisition of Mayfair Bank, a small lender based in...
How Egypt’s Economic Crisis is Worsening Amid Regional and Global Turmoil
Egypt is facing a severe economic crisis that threatens the livelihoods and rights of millions of its citizens. The country’s debt has reached record levels,...
Israel kicks off 2024 with a flurry of private placements
Israel’s bond market has started the new year with a bang, as several issuers have tapped the private placement (PP) market for funding. The PP...
How DeFi and stablecoins could benefit from Fed rate cuts in 2024
The Federal Reserve is expected to lower its interest rate this year, which could have a positive impact on the adoption and innovation of decentralized...
Bitcoin ETFs: A Game-Changer for Crypto Adoption
The U.S. Securities and Exchange Commission (SEC) has finally given the green light for the creation and trading of bitcoin exchange-traded funds (ETFs) in the...