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MENA News
IMF disburses $130m to Jordan
The International Monetary Fund (IMF) has disbursed $130 million to Jordan following the completion of the second…
QatarEnergy acquires 27.5% stake in Namibian offshore block
QatarEnergy has expanded its upstream portfolio in Namibia by acquiring a 27.5 per cent interest in Block 2813B…
S. Arabia’s WPI up 1.4% in Nov ’24
Saudi Arabia's wholesale price index rose by 1.4 per cent year-on-year (YoY) in November 2024, driven by a 2.7 per…
S. Arabia’s annual inflation hits 2% in Nov. ’24
Saudi Arabia's annual inflation rate reached 2.0 per cent in November 2024, driven by higher housing, water,…
Egypt-Saudi power link hits 65% completion; says PM
The landmark electricity interconnection project between Egypt and Saudi Arabia has reached 65 per cent completion,…
Egypt to see surge in Qatari investments in ‘near future’
Egypt is poised to witness a significant boost in Qatari investments across multiple sectors in the near future,…
Syria’s new leadership pledges free-market reforms
Syria's newly formed government plans to transition to a free-market economy and reintegrate into the global…
S. Arabia’s IPI rises by 5.0% YoY in Oct ’24
Saudi Arabia’s Industrial Production Index (IPI) recorded a 5.0 per cent increase in October 2024 compared to the…
Fitch forecasts neutral credit conditions for MENA sovereigns in ’25
Fitch Ratings projects neutral credit conditions for the Middle East and North Africa (MENA) region in 2025,…
Fitch Ratings forecasts neutral outlook for Middle East banks in ’25
Fitch Ratings has projected a neutral sector outlook for Middle Eastern banks in 2025, citing stable economic…