Browsing: Economy

Egypt have to move the prices of bread, an essential commodity that is heavily subsidised in one of the world’s biggest wheat importers

S&P expects a return to a sustainable fiscal path by 2027. The stable outlook signifies confidence in the government’s reform plans to strengthen its non-oil revenue base

The meeting comes within the framework of the comprehensive strategic partnership between the two countries, which is aimed at promoting sustainable development and prosperity

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 145.35 points, or 1.21 percent, to close at 11,850.64. …

RIYADH: Bahrain’s commitment to fiscal consolidation has witnessed S&P Global Ratings reaffirm its “B+/B” credit standing with a stable outlook despite challenges in 2023. 

RIYADH: Saudi exploration service provider ADES Holding Co. has secured a SR2.42 billion ($645.3 million) deal for six onshore drilling contracts with Kuwait Oil Co., marking an expansion of its operations. 

RIYADH: Oman’s banking sector experienced a 2.9 percent rise in total credit, reaching 30.8 billion Omani rials ($80 billion) by the end of March, official data showed. 

RIYADH: Financing provided to small and medium enterprises in Saudi Arabia surged by 20.4 percent year on year to $73.5 billion in the fourth quarter of 2023, official data showed. 

The next British government will inherit a slew of economic problems, and will have to quickly decide how to tackle them, according to a think tank

The OPEC+ group of oil producers, comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies, has pushed back its output policy meeting by a day to June 2.