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MENA News
Syria’s FX reserves plunge to critical levels
Syria's foreign currency reserves have fallen to very low levels, with the central bank's dollar reserves estimated…
Egypt, S. Arabia to collaborate in telecom tower manufacture
Egypt’s Altawakol For Steel Fabrication & Galvanization Co. on Tuesday signed a cooperation agreement with…
UAE’s money supply rises by 0.9% in Sept. ’24 – c. bank
The Central Bank of the UAE (CBUAE) reported that the money supply aggregate M1, which includes currency in…
Omani OQ Base Industries shares fall in weak IPO debut
Omani OQ Base Industries saw a 10 per cent drop in its shares on the Muscat stock exchange following its $489…
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,…