Egypt’s Net Foreign Assets Jump to a Record $18.5 Billion in July
Egypt’s net foreign assets rose by $3.54 billion in July to a record $18.5 billion, central bank data showed, as…
Tag: FINANCE
Developing Countries Swapping Out of Dollar Debt
Developing countries are moving out of dollar debts and turning to currencies with rock bottom interest rates such as the…
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…
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…
Saudi Banking Sector Posts Highest Quarterly Profits in Its History
Saudi Arabia’s banking sector has achieved record-breaking quarterly earnings, reporting its highest-ever profits during the second quarter of 2025. According…
AFRICA, BUSINESS, CRYPTO FINANCE, EDUCATION, ENERGY, ENVIRONMENT, FASHION, FINANCE, FOOD, HEALTH, INTERNATIONAL, LIFE STYLE, MEDICAL, MENA, PROPERTY, SCIENCE, TECHNOLOGY
MENA firms surge with fresh funding, bold pivots
Startups across the Middle East and North Africa are attracting fresh capital, forging strategic partnerships, and expanding into new verticals…
Saudi Arabia Pledges $25 Bln Investment to Support Africa
Saudi Arabia on Wednesday announced ambitious plans to scale up its diplomatic and economic presence in Africa, aiming to boost…
Gold Market Holds in Narrow Range
Gold prices were stuck in range-bound trade on Thursday as investors awaited US non-farm payrolls data that could influence the…
Qatar’s economy sees annual growth of 3.7%
Qatar’s economy expanded by 3.7 percent in real terms in the first quarter of 2025 compared to the same period…
Nakheel issues $204m infrastructure contracts for Palm Jebel Ali, Dubai
Nakheel, part of Dubai Holding Real Estate, has issued three major contracts for infrastructure works on Palm Jebel Ali in…