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ECONOMY
June 22, 2022
Saudi, Egypt sign $7.7bln deals as crown prince visits Cairo

The deals were related to renewable energy, petroleum products, food and fintech

INVESTMENT

New investment, AI, freedom of navigation key to building resilient energy system: Sultan Al Jaber

New investment, AI, freedom of navigation key to building resilient energy system: Sultan Al Jaber
New investment, AI, freedom of navigation key to building resilient energy system: Sultan Al Jaber
TRADE

Britain clinches $5bln Gulf trade deal in shadow of Iran war

Britain clinches $5bln Gulf trade deal in shadow of Iran war
Britain clinches $5bln Gulf trade deal in shadow of Iran war
INFRASTRUCTURE

Egypt explores infrastructure financing, guarantee mechanism with World Bank

Egypt explores infrastructure financing, guarantee mechanism with World Bank
Egypt explores infrastructure financing, guarantee mechanism with World Bank
TELECOM

Kuwait signs major fixed Telecom Network Project

Kuwait signs major fixed Telecom Network Project
Kuwait signs major fixed Telecom Network Project
INDUSTRIAL

China Enterprise Cloud Chain to develop $2bln carbon-neutral textile industrial city in Egypt

China Enterprise Cloud Chain to develop $2bln carbon-neutral textile industrial city in Egypt
China Enterprise Cloud Chain to develop $2bln carbon-neutral textile industrial city in Egypt
GOLD

Gold falls as dollar and yields climb, inflation pressures hover

Gold falls as dollar and yields climb, inflation pressures hover
Gold falls as dollar and yields climb, inflation pressures hover
GRAINS

Chicago grain, oilseed futures fall on favourable US weather

Chicago grain, oilseed futures fall on favourable US weather
Chicago grain, oilseed futures fall on favourable US weather

GLOBAL

GLOBAL MARKETS

Stocks fall and oil rises after Iran leader's uranium demand

Stocks fall and oil rises after Iran leader's uranium demand
Stocks fall and oil rises after Iran leader's uranium demand
FOREX

Dollar edges up but stays below six-week peak on Iran deal hopes

FOOD

FAO warns of agrifood shock from Strait of Hormuz closure

SUSTAINABILITY

Global carbon emissions pricing raised record $107bln in 2025

FOREX

Dollar rises to six-week high on rate hike bets and war uncertainty

Dollar rises to six-week high on rate hike bets and war uncertainty
Dollar rises to six-week high on rate hike bets and war uncertainty
GRAINS

Chicago soy and corn prices ease while wheat edges higher

Chicago soy and corn prices ease while wheat edges higher
Chicago soy and corn prices ease while wheat edges higher

GCC

ECONOMY

UAE: Hamdan bin Mohammed approves economic incentives package

UAE: Hamdan bin Mohammed approves economic incentives package
UAE: Hamdan bin Mohammed approves economic incentives package
OIL AND GAS

ENPPI wins $355mln PDO's gas project contract in Oman

ENPPI wins $355mln PDO's gas project contract in Oman
ENPPI wins $355mln PDO's gas project contract in Oman
INVESTMENT

Boost for UK-Oman trade and investment

Boost for UK-Oman trade and investment
Boost for UK-Oman trade and investment
TRANSPORTARTIFICIAL INTELLIGENCE

Transport Ministry launches Oman’s first AI Asphalt Paving Tech in Dhofar

Transport Ministry launches Oman’s first AI Asphalt Paving Tech in Dhofar
Transport Ministry launches Oman’s first AI Asphalt Paving Tech in Dhofar

AFRICA

EQUITIES

Can the Victoria Falls Stock Exchange (VFEX) revitalize Zimbabwe’s economy?

Can the Victoria Falls Stock Exchange (VFEX) revitalize Zimbabwe’s economy?
Can the Victoria Falls Stock Exchange (VFEX) revitalize Zimbabwe’s economy?
BONDS

Republic of Congo issues $850mln bond as part of debt refinancing

Republic of Congo issues $850mln bond as part of debt refinancing
Republic of Congo issues $850mln bond as part of debt refinancing
AUTOMOTIVE

Geely to launch first petrol model in South Africa, targets 10-vehicle lineup

Geely to launch first petrol model in South Africa, targets 10-vehicle lineup
Geely to launch first petrol model in South Africa, targets 10-vehicle lineup
PETROCHEMICALS

South Africa to pump $173.2mln into mineral and petroleum sector

South Africa to pump $173.2mln into mineral and petroleum sector
South Africa to pump $173.2mln into mineral and petroleum sector

LEVANT

TRAVEL AND TOURISM

International tourist arrivals to Jordan decline 5% in first four months of 2026

International tourist arrivals to Jordan decline 5% in first four months of 2026
International tourist arrivals to Jordan decline 5% in first four months of 2026
TRADE

Jordan seeks to expand exports, trade ties with EU

Jordan seeks to expand exports, trade ties with EU
Jordan seeks to expand exports, trade ties with EU
ARTIFICIAL INTELLIGENCE

Jordan Internal Audit Forum 2026 aims to advance AI-driven governance, public trust

Jordan Internal Audit Forum 2026 aims to advance AI-driven governance, public trust
Jordan Internal Audit Forum 2026 aims to advance AI-driven governance, public trust

NORTH AFRICA

CLIMATE CHANGE

Tunisia: $29bln in financing required to strengthen adaptation to climate change

Tunisia: $29bln in financing required to strengthen adaptation to climate change
Tunisia: $29bln in financing required to strengthen adaptation to climate change
FINTECH

Klivvr rolls out Egypt’s first interactive AI-powered assistant in fintech apps

Klivvr rolls out Egypt’s first interactive AI-powered assistant in fintech apps
Klivvr rolls out Egypt’s first interactive AI-powered assistant in fintech apps
ARTIFICIAL INTELLIGENCE

AWS eyes broader expansion in Egypt’s AI, cloud computing infrastructure

AWS eyes broader expansion in Egypt’s AI, cloud computing infrastructure
AWS eyes broader expansion in Egypt’s AI, cloud computing infrastructure
EGYPT

Egypt begins disbursing $14.5mln in grants to irregular workers ahead of Eid El-Adha

Egypt begins disbursing $14.5mln in grants to irregular workers ahead of Eid El-Adha
Egypt begins disbursing $14.5mln in grants to irregular workers ahead of Eid El-Adha

MORE ON ECONOMY

UAE

Abbas Sajwani aims to scale project pipeline to $13.61bln

Abbas Sajwani aims to scale project pipeline to $13.61bln
Abbas Sajwani aims to scale project pipeline to $13.61bln
INVESTMENT

Qatar Investment Authority, COFIDES launch joint investment fund to support Spain's green, digital transition

Qatar Investment Authority, COFIDES launch joint investment fund to support Spain's green, digital transition
Qatar Investment Authority, COFIDES launch joint investment fund to support Spain's green, digital transition
WEATHER

Qatar: Meteorology department warns of strong winds and high seas

Qatar: Meteorology department warns of strong winds and high seas
Qatar: Meteorology department warns of strong winds and high seas
RETAIL

Hamptons brings Oman’s retail community under one roof

Hamptons brings Oman’s retail community under one roof
Hamptons brings Oman’s retail community under one roof
OIL

Oman oil price declines by 49 cents

Oman oil price declines by 49 cents
Oman oil price declines by 49 cents
EQUITIES

Oman: MSX drops 244 points

Oman: MSX drops 244 points
Oman: MSX drops 244 points
OIL

Kuwaiti oil price down to $123.28 pb

Kuwaiti oil price down to $123.28 pb
Kuwaiti oil price down to $123.28 pb
OMAN

Oman breaks into global top 10 for customs efficiency

Oman breaks into global top 10 for customs efficiency
Oman breaks into global top 10 for customs efficiency
QATAR

Qatar Central Bank launches working capital stabilisation programme for private sector

Qatar Central Bank launches working capital stabilisation programme for private sector
Qatar Central Bank launches working capital stabilisation programme for private sector