In a bold move that has sent ripples through the financial world, Egypt’s currency, the pound, has made significant gains against the dollar, leading to...
Saudi Arabia’s Crossroads: Balancing Flagship Projects Amid Fiscal Constraints
Saudi Arabia stands at a pivotal juncture as it navigates the complex terrain of funding its ambitious flagship projects. The kingdom, known for its grand...
Enhanced Liquidity: Egypt’s Central Bank Elevates Cash Withdrawal Limits
In a strategic move to enhance liquidity, the Central Bank of Egypt (CBE) has announced an increase in the daily cash withdrawal limits for individuals...
Adjusted Expectations: World Bank Revises Egypt’s GDP Growth Forecast
In a recent update, the World Bank has revised its forecast for Egypt’s GDP growth for the fiscal year 2023/24, adjusting the expected rate to...
A Green Surge: Egyptian Exchange’s Robust Close Signals Market Optimism
The Egyptian Exchange (EGX) concluded Monday’s trading session on a high note, with the benchmark EGX30 index climbing 3.9%, a positive performance that has invigorated...
Economic Surge: PSX Soars Past 70k on Saudi Investment News
In a remarkable week for Pakistan’s economy, the Pakistan Stock Exchange (PSX) soared past the 70,000-point threshold, buoyed by the news of Saudi Arabia’s commitment...
Egypt’s M&A Activity Plummets: A Comprehensive Analysis
The Egyptian market has witnessed a significant downturn in mergers and acquisitions (M&A) activity, with a 60% decline reported last year. This contraction reflects broader...
Navigating Sanctions: US Clarifies Stance on Israeli Bank Accounts
In a significant development, the United States has communicated to Israeli financial institutions that they are not required to close the accounts of Israeli settlers...
Egypt’s Commitment: Bolstering Bread Subsidies Amid Economic Reform
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 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...