Tag: FINANCE
World’s largest sports piracy site shut down by police
The world’s biggest destination for illegal streams of live sports events has been shut down, according to a leading anti-piracy…
Saudi Arabia Sells $5.5 Billion in Dual-tranche Sukuk Sale Strong Demand
Saudi Arabia continues to assert its position as a financial powerhouse in international markets, as its latest issuance of dollar-denominated…
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…
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…
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…