Saudi Arabia has made significant strides in research and development (R&D) over the past year, marking a substantial increase in both financial investment and workforce...
Saudi Arabia’s King Salman Inaugurates Riyadh Metro, Transforming City’s Transit Landscape
King Salman bin Abdulaziz Al Saud officially opened the Riyadh Metro on Wednesday, marking a monumental step forward in the city’s public transportation system. A...
Riyadh Metro to Kick Off Phase I Operations Tomorrow
Saudi Arabia's capital is set to witness the partial official launch of its ambitious $22.5 billion Riyadh Metro project tomorrow, marking a significant milestone in...
Saudi GDP Grows 70% to $1.1 Trillion Since Launch of Vision 2030
Saudi Arabia has achieved a remarkable economic transformation, with its GDP expanding by 70% since the inception of Vision 2030, reaching a total of $1.1...
Egypt’s AAIB Raises $500 Million from Sustainability Bond Issue
In a significant stride towards sustainable development, Egypt's Arab African International Bank (AAIB) has successfully raised $500 million through a "sustainability bond" issue, marking a...
Act Financial’s Consolidated Profits Soar by 107.23% YoY in First Nine Months of 2024
Act Financial, a prominent player in Egypt’s asset management and capital markets sector, has reported a remarkable 107.23% year-on-year (YoY) increase in consolidated net profits...
Egypt’s Government Reforms Enhance Business Climate to Attract Sustainable Investment: Citigroup
Egypt is rapidly advancing its economic diversification efforts, positioning itself as a hub for renewable energy and digital innovation. With significant government reforms aimed at...
Egypt Introduces New Investment Incentives, Rules Out Tax Increases: Prime Minister
Egypt’s Prime Minister, Mostafa Madbouly, announced a set of new tax incentives aimed at boosting investment and economic growth, while reaffirming the government’s commitment to...
China Plans $2 Billion Dollar Bond Issuance in Saudi Arabia
China is set to issue $2 billion in dollar-denominated bonds in Saudi Arabia next week, marking a significant step in strengthening its financial ties with...
Menthum Unveils “Menthum Goals!” – Egypt’s First-Ever Goal-Based Savings Solution
Cairo, Egypt – 3rd November 2024 — Menthum, Egypt’s pioneering fintech startup, has launched “Menthum Goals!”, a groundbreaking digital savings solution designed to revolutionize how...
IMF to Begin Review of Egypt’s Loan Programme on Tuesday
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,...