Browsing: Economy

Egypt’s new cabinet, led by incumbent Prime Minister Mostafa Madbouly, was sworn in before President Abdel Fattah Al-Sisi on Wednesday at the Al-Ittihadiya Palace in Cairo.

Oil prices fell on Thursday, with investors turning cautious on expectations of lower demand as US employment and business data came in weaker than forecast

Narrowing the GDP per capita gap between major urban hubs and regional territories by only 10% could potentially inject SR27 billion ($7.2 billion) into Saudi Arabia’s GDP annually.

RIYADH: Saudi Arabia’s point-of-sale spending increased by 48 percent to reach SR12.34 billion ($3.29 billion) from June 23 to 29, with the education sector registering the largest surge.

Kiev could default on its enormous debts as early as next month if it fails to negotiate a restructuring deal with its creditors, The Economist reported on Sunday.

The UAE is committed to collaborating with BRICS countries on joint food security initiatives and the expansion of food trade among member nations.

RIYADH: Cotton trade and food prices were among the topics discussed when officials from the International Islamic Trade Finance Corp. and the World Trade Organization held talks in Switzerland. 

RIYADH: Loans by Saudi Arabia’s banking sector increased to SR2.72 trillion ($726.44 billion) in May, marking an annual 11.14 percent rise, official data showed. 

US defense industry giant Lockheed Martin Missiles and Fire Control has been awarded a contract worth $4.5 billion for Patriot Missiles systems,

Fitch has affirmed ‘AA-’ rating for the UAE with a stable outlook, based on the Emirate’s strong external asset position and a high GDP per capita.