Russia’s finance ministry has raised its estimate of this year’s budget deficit to 2.12 trillion roubles ($23.76 billion) or 1.1% of gross domestic product, according to budget amendments submitted by the government to parliament.

Egyptian President Abdel Fattah al-Sisi reappointed Prime Minister Mostafa Madbouly on Monday to form a new government after the latter submitted his cabinet’s resignation, following Sisi’s reelection for a third term last year, the presidency said in a statement.

The Kuwait Fund for Arab Economic Development (KFAED) and Pakistan signed on Monday a KD…

Algeria wants to lure more visitors to the cultural and scenic treasures of Africa’s largest country, shedding its status as a tourism backwater and expanding a sector outshone by competitors in neighbouring Morocco and Tunisia.

Riyadh – Saudi Export-Import Bank (Saudi EXIM) has signed a non-binding agreement with Australia’s Macquarie Group for credit facilities worth $500 million.

UAE – The Dubai Chamber of Commerce highlighted that the GCC market remained the top global export and re-export destination for its member companies in the first quarter (Q1) of 2024.