Egypt’s GDP Grows 4.5% in 2024-25
Egypt’s real gross domestic product grew by 4.5% in the 2024-25 financial year, up from 2.4% the previous year, Finance Minister Ahmed Kouchouk…
Category: MENA
Türkiye Economy Grew 4.8% in Q2, Above Expectations
Türkiye’s economy grew by 4.8% in the second quarter, above expectations despite a prolonged monetary tightening effort, official data showed on Monday. Second-quarter…
Oman Oil-Rich Efforts to Preserve Frankincense White Gold
The arid Dawkah valley is home to one of Oman’s most prized resources: not oil or gas but frankincense trees, their fragrant sap…
Kuwait Hosts GCC Ministerial Talks on Ties with Global Partners
Kuwait is scheduled on Monday to host a regular meeting of Gulf Cooperation Council (GCC) foreign ministers to review the bloc’s strategic relations…
HUMAIN Launch ‘Allam’ First Arabic AI Foundation Model
In a bold move reflecting Saudi Arabia’s rapidly accelerating digital transformation, tech company HUMAIN is preparing to launch “Allam” – a foundational artificial…
Gold Rises on Increasing Fed Rate-cut Bets, Weaker Dollar
Gold rose on Wednesday as expectations of a US Federal Reserve interest rate cut in September gained traction following mild inflation data, while…
Egypt Signs $1 Bln Deal with China’s Sailun Group for Tire Factory
Egypt has signed a deal with China’s Sailun Group to build an automotive tire factory in the Suez Canal Economic Zone, with total…
Saudi Telecom Revenues Near $7.2 Billion in Q2
Saudi Arabia’s listed telecommunications companies posted robust results in the second quarter of 2025, with both profits and revenues showing solid gains. Sector-wide…
Vision 2030 Boosted Saudi Arabia’s Ability to Reassess Spending
Saudi Arabia’s Ministry of Finance said the kingdom is now better equipped to reassess its spending priorities during times of economic uncertainty, crediting…
Fitch-rated sukuk surpasses $210bn as market expands 16%
The value of sukuk rated by Fitch Ratings exceeded $210 billion in the first half of 2025, marking a 16 percent increase from…