The International Monetary Fund (IMF) is set to initiate a comprehensive review of Egypt's loan programme starting Tuesday, marking a significant milestone in the country's...
Saudi Arabia Taps Debt Markets to Fuel Ambitious Vision 2030
Saudi Arabia is increasingly relying on debt markets to finance its Vision 2030 initiative, issuing a staggering $50 billion in bonds this year alone, according...
Captagon Crisis: Middle East’s $5.7 Billion Drug Trade Fuels Hezbollah
The escalating captagon trade in the Middle East has turned into a billion-dollar enterprise, significantly funding Hezbollah and other terror organizations, according to a recent...
Saudi Arabia’s United International Launches SAR990 Million IPO on Riyadh Exchange
United International Holding Company (UIHC) is set to make waves in Saudi Arabia’s financial markets today as it initiates a SAR990 million ($264 million) initial...
Saudi Arabia’s Fourth Milling Company Makes Its Tadawul Debut
The Fourth Milling Company (MC4) has officially entered the Riyadh stock market today, marking a significant milestone for Saudi Arabia’s agricultural sector. This move follows...
Egypt Assures Investors: No Tax Hikes on the Horizon
In a recent statement, Egypt’s Deputy Minister of Finance, Sherif El-Kilani, emphasized the government’s commitment to maintaining a stable investment environment. Amidst global economic uncertainties,...
Egypt’s Town Gas Teams Up with Banque Misr to Simplify Gas Payment Processes
In a move aimed at enhancing customer convenience, Egypt’s Town Gas has entered into strategic partnerships with Banque Misr and Souhoola. These collaborations will allow...
Egypt Strengthens Global Energy Ties with Four Strategic MoUs at Mediterranean Offshore Conference
Egypt has taken significant strides in expanding its oil and gas cooperation by signing four memorandums of understanding (MoUs) with international companies. Announced by Minister...
Apache to Enhance Egypt’s Gas Production by 11% in FY2024/25
Apache Corporation is set to significantly increase its natural gas output in Egypt, marking a pivotal move in the nation's energy sector. The American oil...
Tamkeen Sets Final IPO Price, Eyes $105 Million Capital Raise on Tadawul
Saudi Arabia's Tamkeen Human Resources Co. has finalized the offer price for its initial public offering (IPO) on the Saudi Exchange (Tadawul), setting the stage...
Saudi Arabia Sees Record Surge in Local Employment with 364,000 New Saudis Entering Workforce
In a significant stride towards economic diversification, Saudi Arabia has welcomed 364,000 Saudi citizens into the local employment market for the first time in 2024....
Egypt Anticipates $1.6 Billion in Fuel Savings Following Price Hike
Egypt is set to realize significant financial benefits from recent adjustments in fuel prices. The government projects fuel savings of approximately EGP 80 billion by...
Japan-Egypt Alliance Shines as Grand Egyptian Museum Opens Trial Exhibition
Cairo's Grand Egyptian Museum has proudly opened its permanent exhibition to the public on a trial basis, showcasing an impressive collection of over 10,000 ancient...
Egypt Keeps Key Interest Rates Steady Amid Global and Domestic Uncertainty
In a move reflecting caution amidst global and domestic economic conditions, Egypt's Central Bank has announced that it will keep its key interest rates unchanged....
Saudi Investments in Egypt Poised to Reach $50 Billion with New Agreements
Saudi Arabia is ramping up its investment footprint in Egypt, targeting a substantial increase in private sector funding. Following Crown Prince Mohammed bin Salman’s recent...
Egypt and Saudi Arabia Strengthen Economic Ties with New Investment Agreement
In a significant move to bolster economic cooperation, Egypt and Saudi Arabia have signed a comprehensive agreement aimed at promoting and protecting mutual investments. The...