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Author: Steven Sahiounie
RIYADH: The UAE’s non-oil private sector expanded in February as it delivered the strongest output growth since June 2019, according to S&P Global’s purchasing managers’ index report.
RIYADH: Investors in Saudi Arabia will benefit from a new license aimed at reducing the bureaucracy involved in getting construction projects off the ground.
PARIS: TotalEnergies and Qatar’s oil company on Wednesday said they would buy a stake in a license to seek oil and gas off South Africa as part of their plans to develop the Orange Basin area in neighboring Namibia.
RIYADH: Saudi Arabia’s global logistics services are set to improve following the launch of a new system by the Kingdom’s maritime body, which aims to provide over 250 e-services at its ports.
CAIRO: Egypt secured an additional $5 billion in loans from the International Monetary Fund on Wednesday after the central bank raised interest rates and allowed the pound to plunge in value by nearly 40 percent.
CAIRO: Egypt’s central bank said on Wednesday that it had hiked interest rates by 600 basis points at an unscheduled meeting and that it would allow the exchange rate to be set by market forces as it shifted to an inflation targeting regime.
RIYADH: Qatar’s trade balance showed a surplus of $14.9 billion in the fourth quarter of 2023, marking an annual 31.5 percent decrease, according to official data.
RIYADH: Saudi Arabia and the UAE now represent over 90 percent of the green bond market across the Arab region, according to a leading finance official.
The number of individuals with brokerage accounts topped 30.7 million last month, according to a press release
Saudi Minister of State for Foreign Affairs and Climate Envoy Adel Al-Jubeir met Hannah Neumann, chairman of the EU delegation for relations with the Arab Peninsula, in Brussels, the Saudi Foreign Ministry said on Wednesday. During the meeting, they discussed regional and international issues of common interest. The meeting was attended by Khalid bin Musaed Al-Angari, director-general of the minister’s office, and Haifa Al-Jedea, ambassador and head of Saudi Arabia’s Mission to the EU and European Atomic Energy Community. source: Arab news
