Japan greenlights jet fighter exports
Japan announced on Wednesday a revision of its military export regulations, enabling the international sale of a…
Browsing Tag
Saudi Arabia
Middle East to become sole region boasting $3tn funds
The Middle East, abundant in oil wealth, is on the brink of becoming the sole region boasting three trillion-dollar…
Egypt’s commodity exports hike by 6% in Jan-Feb
Egypt's commodity exports increased by six per cent growth in January and February 2024, reaching $6.121 billion…
Mixed moves in Gulf stocks, eye on US inflation
Gulf stock markets showed mixed performance in early trading on Monday as traders anticipated US inflation data…
Aramco’s ’23 profit drops to $121b
Aramco, the Saudi oil giant, announced on Sunday a $121 billion profit in 2023, down from its record high of $161…
Aramco raises dividend to $31b despite lower oil prices
Aramco raised its dividend payment to investors and the Saudi government, totalling $31.07 billion in the fourth…
Russia halts gasoline exports for 6 months
Russia imposed a six-month gasoline export ban starting on March 1 to stabilise prices due to increased demand from…
Egypt’s trade balance deficit falls by 68% in Jan. ’24
Egypt’s trade balance deficit fell by 68 per cent, showing a significant improvement, while the country’s imports…
S. Arabia’s SNB launches USD-denominated sukuk
The Saudi National Bank (SNB) issued its latest five-year U.S. dollar-denominated senior unsecured sukuk through a…
Saudi deal flow to increase as wealth fund seeks cash
As the Saudi Arabian sovereign wealth fund seeks to raise capital for its ambitious projects, deal activity is…