Browsing: finance

Participants in the oil and gas project on development of Kalamkas-sea and Khazar fields in the Kazakh sector of the Caspian Sea are going to raise over $6 bln of investments, the press service of the Energy Ministry of Kazakhstan said.

North Petroleum International Company (NPIC), the Egyptian subsidiary of China’s Zhen Hua Oil, has pledged to invest $78 million to increase its production in Egypt’s Western Desert, Al Mal News reported.

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.

The Kuwait Fund for Arab Economic Development (KFAED) and Pakistan signed on Monday a KD 7.5 million (USD 24.4 million)…

Egypt is targeting $30 billion in foreign direct investment in the 2024/25 fiscal year starting July 1, a budget statement approved by parliament on Monday showed.

Dr. Al Rabeeah noted its goal to lead the Kingdom and the region in protecting the land and nature and addressing environmental challenges

PARIS – Developed countries provided and mobilised US$115.9 billion in climate finance for developing countries in 2022, exceeding the annual 100 billion goal for the first time and reaching a level that had not been expected before 2025.

RIYADH: Saudi Arabia’s pursuit of a sustainable manufacturing hub gains momentum as Alat partners with Lenovo Group to establish a facility and invest $2 billion through zero-coupon convertible bonds. 

RIYADH: Saudi banking sector’s loans increased to SR2.68 trillion ($715.56 billion) in April, marking an 11 percent increase compared to the same month in 2023, official data showed. 

RIYADH: Saudi Arabia’s Public Investment Fund has been named the world’s most valuable sovereign wealth with a brand value of $1.1 billion, according to an analysis.