Feature Middle East to become sole region boasting $3tn funds Aya Anwar Mar 13, 2024 0 The Middle East, abundant in oil wealth, is on the brink of becoming the sole region boasting three trillion-dollar…
Tech/AI Egypt’s commodity exports hike by 6% in Jan-Feb Nada Ali Mar 11, 2024 0 Egypt's commodity exports increased by six per cent growth in January and February 2024, reaching $6.121 billion…
Feature Mixed moves in Gulf stocks, eye on US inflation Aya El Sayed Mar 11, 2024 0 Gulf stock markets showed mixed performance in early trading on Monday as traders anticipated US inflation data…
Feature Aramco’s ’23 profit drops to $121b Aya El Sayed Mar 10, 2024 0 Aramco, the Saudi oil giant, announced on Sunday a $121 billion profit in 2023, down from its record high of $161…
Feature Aramco raises dividend to $31b despite lower oil prices Nada Ali Mar 10, 2024 0 Aramco raised its dividend payment to investors and the Saudi government, totalling $31.07 billion in the fourth…
Money Russia halts gasoline exports for 6 months Aya El Sayed Feb 27, 2024 0 Russia imposed a six-month gasoline export ban starting on March 1 to stabilise prices due to increased demand from…
Egypt News Egypt’s trade balance deficit falls by 68% in Jan. ’24 Nada Ali Feb 20, 2024 0 Egypt’s trade balance deficit fell by 68 per cent, showing a significant improvement, while the country’s imports…
Banks S. Arabia’s SNB launches USD-denominated sukuk Nada Ali Feb 20, 2024 0 The Saudi National Bank (SNB) issued its latest five-year U.S. dollar-denominated senior unsecured sukuk through a…
Money Saudi deal flow to increase as wealth fund seeks cash Aya Anwar Feb 19, 2024 0 As the Saudi Arabian sovereign wealth fund seeks to raise capital for its ambitious projects, deal activity is…
News China, U.S. spearhead global efforts to replenish low oil stocks Nada Ali Feb 14, 2024 0 Analysts and traders anticipate that a push to replenish depleted oil stocks in China, the United States, and…