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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

Total foreign investment stock in Saudi Arabia crosses $260.53bln

Total foreign investment stock in Saudi Arabia crosses $260.53bln
Total foreign investment stock in Saudi Arabia crosses $260.53bln
SME

Kuwait: Fund diversifies SMEs, entrepreneurs support

Kuwait: Fund diversifies SMEs, entrepreneurs support
Kuwait: Fund diversifies SMEs, entrepreneurs support
ECONOMY

Qatar, United States sign “Pax Silica” declaration to strengthen cooperation in advanced technology

Qatar, United States sign “Pax Silica” declaration to strengthen cooperation in advanced technology
Qatar, United States sign “Pax Silica” declaration to strengthen cooperation in advanced technology
ENERGY

Nigeria bets on $2bln fund to boost energy transition

Nigeria bets on $2bln fund to boost energy transition
Nigeria bets on $2bln fund to boost energy transition
ECONOMY

UAE President meets President of Mozambique

UAE President meets President of Mozambique
UAE President meets President of Mozambique
ECONOMY

UAE, Nigerian Presidents discuss bilateral cooperation

UAE, Nigerian Presidents discuss bilateral cooperation
UAE, Nigerian Presidents discuss bilateral cooperation
TRADE

UAE, Nigeria sign Comprehensive Economic Partnership Agreement

UAE, Nigeria sign Comprehensive Economic Partnership Agreement
UAE, Nigeria sign Comprehensive Economic Partnership Agreement

GLOBAL

ECONOMY

Israel's budget deficit slips to 4.7% in 2025 on higher revenue

Israel's budget deficit slips to 4.7% in 2025 on higher revenue
Israel's budget deficit slips to 4.7% in 2025 on higher revenue
INFLATION

Turkey's hobbled industrial giants eye relief in 2026 as inflation battle eases

FOREX

Yen tumbles on election bets, dollar still under pressure

GOLD

Gold steadies below record $4,600/oz ahead of US inflation data

GLOBAL MARKETS

Stocks rise as upcoming US inflation data eclipses geopolitics, Fed worries

Stocks rise as upcoming US inflation data eclipses geopolitics, Fed worries
Stocks rise as upcoming US inflation data eclipses geopolitics, Fed worries
MONETARY POLICY

Global central banks work on statement in solidarity with Fed's Powell, Bloomberg News reports

Global central banks work on statement in solidarity with Fed's Powell, Bloomberg News reports
Global central banks work on statement in solidarity with Fed's Powell, Bloomberg News reports

GCC

AGRICULTURE

Hail becomes world’s third producer of rare white strawberries

Hail becomes world’s third producer of rare white strawberries
Hail becomes world’s third producer of rare white strawberries
ECONOMY

UAE, Philippines share vision for resilient, open economies: Minister of Foreign Trade

UAE, Philippines share vision for resilient, open economies: Minister of Foreign Trade
UAE, Philippines share vision for resilient, open economies: Minister of Foreign Trade
ECONOMY

UAE, South African Presidents discuss bilateral cooperation

UAE, South African Presidents discuss bilateral cooperation
UAE, South African Presidents discuss bilateral cooperation
FINANCIAL SERVICES

Oman: Madinat al Irfan to host OGFC

Oman: Madinat al Irfan to host OGFC
Oman: Madinat al Irfan to host OGFC

AFRICA

AGRICULTURE

Industrialise agriculture to end food imports, boost growth, ex-AfDB adviser tells Nigeria

Industrialise agriculture to end food imports, boost growth, ex-AfDB adviser tells Nigeria
Industrialise agriculture to end food imports, boost growth, ex-AfDB adviser tells Nigeria
TAXATION

Nigeria: Implications of next tax policy

Nigeria: Implications of next tax policy
Nigeria: Implications of next tax policy
INVESTMENT

Nigeria: Delta sets up committee to drive investment in land intensive agriculture

Nigeria: Delta sets up committee to drive investment in land intensive agriculture
Nigeria: Delta sets up committee to drive investment in land intensive agriculture
FOOD

Nigeria can earn $10bln annually from cashew with right policies, investment — NCAN

Nigeria can earn $10bln annually from cashew with right policies, investment — NCAN
Nigeria can earn $10bln annually from cashew with right policies, investment — NCAN

LEVANT

JORDAN

Jordan: General IPI rises 1.44% in first 11 months of 2025

Jordan: General IPI rises 1.44% in first 11 months of 2025
Jordan: General IPI rises 1.44% in first 11 months of 2025
ECONOMY

Egypt-Syria economic ties: Damascus welcomes Egyptian investors for $1bln trade push

Egypt-Syria economic ties: Damascus welcomes Egyptian investors for $1bln trade push
Egypt-Syria economic ties: Damascus welcomes Egyptian investors for $1bln trade push
WEATHER

Jordan: Cold, stormy weather to prevail as low-pressure system brings heavy rain, strong winds

Jordan: Cold, stormy weather to prevail as low-pressure system brings heavy rain, strong winds
Jordan: Cold, stormy weather to prevail as low-pressure system brings heavy rain, strong winds

NORTH AFRICA

MENA COUNTRIES

MENA's sustainable finance market grows seven-fold to $35bln, says report

MENA's sustainable finance market grows seven-fold to $35bln, says report
MENA's sustainable finance market grows seven-fold to $35bln, says report
ARTIFICIAL INTELLIGENCE

Egypt: Meska AI to host ‘Meska Spark Vol.2’ to empower Egyptian AI startups for global market

Egypt: Meska AI to host ‘Meska Spark Vol.2’ to empower Egyptian AI startups for global market
Egypt: Meska AI to host ‘Meska Spark Vol.2’ to empower Egyptian AI startups for global market
INVESTMENT

Egypt: Madbouly inspects $17.5mln aluminum wire line at Egyptalum

Egypt: Madbouly inspects $17.5mln aluminum wire line at Egyptalum
Egypt: Madbouly inspects $17.5mln aluminum wire line at Egyptalum
INFRASTRUCTURE

Egypt: Madinet Masr, Elswedy Electric pen $8.4mln infrastructure deal for Sarai's Elan

Egypt: Madinet Masr, Elswedy Electric pen $8.4mln infrastructure deal for Sarai's Elan
Egypt: Madinet Masr, Elswedy Electric pen $8.4mln infrastructure deal for Sarai's Elan

MORE ON ECONOMY

ENERGY

Sadafco signs up Yellow Door Energy for key Saudi solar installation

Sadafco signs up Yellow Door Energy for key Saudi solar installation
Sadafco signs up Yellow Door Energy for key Saudi solar installation
ENERGY

RAK Energy Summit third edition set for November

RAK Energy Summit third edition set for November
RAK Energy Summit third edition set for November
FINANCIAL SERVICES

Saudi Arabia: STC Bank announces collaboration deal with Mastercard

Saudi Arabia: STC Bank announces collaboration deal with Mastercard
Saudi Arabia: STC Bank announces collaboration deal with Mastercard
TRADE

UAE, Philippines begin new chapter of trade, investment cooperation with signing of CEPA

UAE, Philippines begin new chapter of trade, investment cooperation with signing of CEPA
UAE, Philippines begin new chapter of trade, investment cooperation with signing of CEPA
AIRLINES

Oman Air Cargo expands into East Africa with Kigali route

Oman Air Cargo expands into East Africa with Kigali route
Oman Air Cargo expands into East Africa with Kigali route
REMITTANCE

Surge in Omani Rial value sparks remittance growth to Iran

Surge in Omani Rial value sparks remittance growth to Iran
Surge in Omani Rial value sparks remittance growth to Iran
TRANSPORT

Mozambique's Maputo port volumes hit record 32mln metric tons

Mozambique's Maputo port volumes hit record 32mln metric tons
Mozambique's Maputo port volumes hit record 32mln metric tons
TRADE

US House approves Africa trade program extension, sends bill to Senate

US House approves Africa trade program extension, sends bill to Senate
US House approves Africa trade program extension, sends bill to Senate
TRADE

Trade diversification, supply chain security to shape GCC’s economic trajectory in 2026

Trade diversification, supply chain security to shape GCC’s economic trajectory in 2026
Trade diversification, supply chain security to shape GCC’s economic trajectory in 2026