Author: Steven Sahiounie

The Organization of the Petroleum Exporting Countries pumped 26.42 million barrels per day (bpd) last month

The non-oil sector’s growth is anticipated to stay robust, buoyed by a stronger-than-expected non-oil GDP performance in 2023

Moreover, the minister noted that EGP 1.6 billion were paid instantly within the initiatives related to the tax liabilities account

This increase came after a drop of about $840 million during the past two quarters of the current fiscal year (FY) 2023/2024 Egypt’s external debt surged by around $3.51 billion in the fourth quarter (Q4) of 2023, hitting $168.034 billion, Asharq Business reported, citing data from the Ministry of Planning and Economic Development. This increase came after a drop of about $840 million during the past two quarters of the current fiscal year (FY) 2023/2024. In Q3 2023, the country’s external debt stood at $164.52 billion. Source: Zawya

Dubai’s population continued to increase in the first quarter of 2024 as more and more foreign workers and investors flocked to the emirate.

The Central Bank noted that the UAE’s consolidated fiscal balance for the first nine months of 2023 posted a surplus of AED61 billion, equivalent to 4.4 percent of GDP

Ivanna Vladkova Hollar, the IMF Egypt mission chief said that going forward the price pressures may not be as strong

Israeli forces have reportedly kidnapped the sister of Ismail Haniyeh, the leader of the Palestinian resistance movement Hamas. The regime’s police told AFP on Monday that Sabah Abdel Salam Haniyeh was taken into custody in the town of Tel el-Sabe (Tel Sheva) in the southern part of the occupied territories as part of an investigation also involving Israel’s internal spy agency, known as Shin Bet. A police spokesman confirmed that the 57-year-old woman was Haniyeh’s sister, saying she is “suspected of having contact with Hamas operatives and identifying with the organization, while inciting and supporting acts of terrorism” in the…

Turkish Foreign Minister Hakan Fidan on Monday discussed the Gaza situation and regional developments with his Qatari and Russian counterparts. According to Türkiye’s Foreign Ministry, Fidan and Qatari Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani addressed the latest situation in the besieged Palestinian enclave and regional developments over the phone. In a separate phone call, Fidan and his Russian counterpart Sergey Lavrov discussed regional issues and navigation security in the Black Sea, diplomatic sources said. Israel has waged a deadly military offensive on the Gaza Strip since an Oct. 7 cross-border attack by…

Prime Minister-designate Mohammad Mustafa officially assumed his duties during the a ceremony from Muhammad Shtayyeh today in the Prime Minister’s Office in Ramallah. Shtayyeh handed Mustafa a number of files to follow up and accumulate, ivolving the Gaza reconstruction and recovery plan, the reform plan, and the emergency plan. Shtayyeh said, “Today we deliver to you three documents prepared by the government. The first document is the reform plan that was presented to the world, and it is an integrated plan that was approved by donors and was developed. The second document is the government’s emergency plan for the year 2024,…