economy
Saudi Aramco hires banks for multi-tranche bond deal
Middle East
November 16, 2020
Saudi Aramco hires banks for multi-tranche bond deal
DUBAI (Reuters) – Saudi Aramco said on Monday it has hired a group of banks ahead of a multi-tranche US dollar-denominated…
Egypt climbs 55 ranks up Government AI Readiness Index
Technology
November 13, 2020
Egypt climbs 55 ranks up Government AI Readiness Index
Egypt has progressed 55 ranks on the Government AI Readiness Index since last year, weighing in at number 56 out…
Egypt’s central bank cuts interest rates by 50 basis points
Economy
November 13, 2020
Egypt’s central bank cuts interest rates by 50 basis points
Egypt’s central bank cut its main interest rates by 50 basis points on Thursday, moving to support an economy badly…
AMAY chairman denies Salah Diab has given up his share in the newspaper
Egypt
November 13, 2020
AMAY chairman denies Salah Diab has given up his share in the newspaper
Chairman of the Board of Directors of Al-Masry Al-Youm (AMAY) newspaper Abdel Moneim Saeed denied that businessman and AMAY founder…
Sixteen hotels planned to open on Red Sea archipelago by Saudi Arabia in 2023
Egypt
November 12, 2020
Sixteen hotels planned to open on Red Sea archipelago by Saudi Arabia in 2023
The Red Sea Development Company (TRSDC), a tourism project of Saudi Arabia, is planning to inaugurate 16 hotels by the…
Saudi king points to Iran as top threat in policy speech
Middle East
November 12, 2020
Saudi king points to Iran as top threat in policy speech
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s King Salman slammed rival Iran and hailed his country’s efforts at combating…
Emirates turns to Dubai to see it through crisis after $3.4 billion loss
Middle East
November 12, 2020
Emirates turns to Dubai to see it through crisis after $3.4 billion loss
DUBAI (Reuters) – State-owned Emirates said on Thursday that Dubai would help it through the coronavirus crisis after losses of…
Egypt’s headline inflation quickens to 4.5% in October
Business
November 10, 2020
Egypt’s headline inflation quickens to 4.5% in October
Egypt’s annual urban consumer price inflation rose to 4.5 percent in October from 3.7 percent in September, official statistics agency…
Gold prices rise again after Monday’s unprecedented decline
Economy
November 10, 2020
Gold prices rise again after Monday’s unprecedented decline
After a historic drop of LE38 on Monday, the price of gold rose again Tuesday morning, recording an increase of…
Energy leaders leave door open to more cuts as virus spikes
Middle East
November 10, 2020
Energy leaders leave door open to more cuts as virus spikes
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s energy minister said Monday that global energy producers have the ability to…