Browsing: Economy

CAIRO – Egypt’s foreign debt climbed by $3.5 billion in the fourth quarter of 2023 to $168.0 billion, data on the planning ministry website showed.

The increase in the number of Saudis in the employment market comes at a time when the unemployment rate among Saudis recorded the lowest level at 7.7% during the last quarter of 2023

The owners of the remains of the Starbucks chain in Russia have asked a court to terminate legal protection of the American company’s trademarks, a court document has revealed.

The participants reviewed the implementation of the decisions made during the first Summit of the Heads of State of the GCC–Central Asia Strategic Dialogue held in Jeddah on July 19, 2023

The International Monetary Fund (IMF) has raised concerns about overspending by the US government, warning it has been reigniting inflation risks and undermining financial stability around the world.

The UK might not actually confiscate Russia’s immobilized assets despite political pledges to do so because such a step would violate the rule of law and lead to a litany of legal quandaries, according to sanctions experts cited by Politico in an article on Monday.  

Exports from the country’s major ports surged to 3.95 million barrels a day in the week to April 14, data is showing

RIYADH: Saudi car rental firm United International Transportation Co. is set to acquire a 70 percent stake in the UAE’s…

RIYADH: Saudi Arabia’s inflation eased to 1.6 percent in March, down from 1.8 percent the previous month, driven by changes in the food and beverage sector.

The IMF’s World Economic Outlook next week will highlight global growth that is marginally stronger on account of robust activity in the US and in many emerging market economies. However, there are still plenty of things to worry about, IMF chief Kristalina Georgieva said.