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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

ECONOMY

Saudi PMI for February dips over weakening operating conditions

Saudi PMI for February dips over weakening operating conditions
Saudi PMI for February dips over weakening operating conditions
ECONOMY

Egypt's non-oil private sector contracted in February as costs rose

Egypt's non-oil private sector contracted in February as costs rose
Egypt's non-oil private sector contracted in February as costs rose
ECONOMY

Al-Sisi to World Bank chief: Egypt loses $10bln in Suez Canal revenues amid regional tensions

Al-Sisi to World Bank chief: Egypt loses $10bln in Suez Canal revenues amid regional tensions
Al-Sisi to World Bank chief: Egypt loses $10bln in Suez Canal revenues amid regional tensions
EDUCATION

UAE schools, universities to observe Spring Break from March 9 to 22

UAE schools, universities to observe Spring Break from March 9 to 22
UAE schools, universities to observe Spring Break from March 9 to 22
ECONOMY

Ajman Ruler issues law on handling lost and abandoned property

Ajman Ruler issues law on handling lost and abandoned property
Ajman Ruler issues law on handling lost and abandoned property
INFLATION

Inflation biggest risk to debt markets facing 'big stress test', OECD official says

Inflation biggest risk to debt markets facing 'big stress test', OECD official says
Inflation biggest risk to debt markets facing 'big stress test', OECD official says
ECONOMY

Damage to Israeli economy from Iran war seen at about $3bln a week

Damage to Israeli economy from Iran war seen at about $3bln a week
Damage to Israeli economy from Iran war seen at about $3bln a week

GLOBAL

INTEREST RATE

Fed's Hammack backs steady interest rates, tells NYT it's too early to gauge Iran war impact

Fed's Hammack backs steady interest rates, tells NYT it's too early to gauge Iran war impact
Fed's Hammack backs steady interest rates, tells NYT it's too early to gauge Iran war impact
ECONOMY

Oil shock could strain emerging markets beyond inflation, analysts say

ECONOMY

Iran-fuelled oil price rally not enough to balance Russia's budget

INTEREST RATE

Fed rate-cut doubts rise as Middle East conflict drives up energy prices

ENERGY

Global energy costs soar as Iran crisis disrupts shipping, oil and gas production

Global energy costs soar as Iran crisis disrupts shipping, oil and gas production
Global energy costs soar as Iran crisis disrupts shipping, oil and gas production
GRAINS

Chicago wheat pulls back from recent peak on improved US weather; soy, corn slip

Chicago wheat pulls back from recent peak on improved US weather; soy, corn slip
Chicago wheat pulls back from recent peak on improved US weather; soy, corn slip

GCC

TECHNOLOGY

Oman’s digital economy hits $7.7bln; 11th Plan targets 4% growth

Oman’s digital economy hits $7.7bln; 11th Plan targets 4% growth
Oman’s digital economy hits $7.7bln; 11th Plan targets 4% growth
UAE

UAE has essentials to cover six months, imports continue

UAE has essentials to cover six months, imports continue
UAE has essentials to cover six months, imports continue
ECONOMY

UAE non-oil business activity expands to 12-month high in February

UAE non-oil business activity expands to 12-month high in February
UAE non-oil business activity expands to 12-month high in February
ECONOMY

Priorities of Oman’s 11th Five-Year Plan reviewed

Priorities of Oman’s 11th Five-Year Plan reviewed
Priorities of Oman’s 11th Five-Year Plan reviewed

AFRICA

FINANCIAL SERVICES

Flocash and Quest Financial Services Partner to launch prepaid visa card in Zimbabwe

Flocash and Quest Financial Services Partner to launch prepaid visa card in Zimbabwe
Flocash and Quest Financial Services Partner to launch prepaid visa card in Zimbabwe
OIL

Nigeria breaks OPL 245 oilfield into four blocks under deal with Eni, Shell

Nigeria breaks OPL 245 oilfield into four blocks under deal with Eni, Shell
Nigeria breaks OPL 245 oilfield into four blocks under deal with Eni, Shell
TRADE

NPA 2025 Report reveals export-led trade expansion at Nigerian ports

NPA 2025 Report reveals export-led trade expansion at Nigerian ports
NPA 2025 Report reveals export-led trade expansion at Nigerian ports
EQUITIES

Nigeria: Oil & Gas stocks extends rally on NGX

Nigeria: Oil & Gas stocks extends rally on NGX
Nigeria: Oil & Gas stocks extends rally on NGX

LEVANT

PHARMACEUTICAL

Jordan: Pharmaceutical exports reach $905.5mln in 2025 — DoS

Jordan: Pharmaceutical exports reach $905.5mln in 2025 — DoS
Jordan: Pharmaceutical exports reach $905.5mln in 2025 — DoS
TRANSPORT

Jordan: Aqaba Port operations continue normally amid regional tensions

Jordan: Aqaba Port operations continue normally amid regional tensions
Jordan: Aqaba Port operations continue normally amid regional tensions
CONFLICT

At least four killed in Israeli strike on building in Lebanon's Baalbek

At least four killed in Israeli strike on building in Lebanon's Baalbek
At least four killed in Israeli strike on building in Lebanon's Baalbek

NORTH AFRICA

ECONOMY

Egyptian government to announce new minimum wage by end-March

Egyptian government to announce new minimum wage by end-March
Egyptian government to announce new minimum wage by end-March
ENERGY

Strait of Hormuz closure poses no threat to Egypt's energy supplies: Badawi

Strait of Hormuz closure poses no threat to Egypt's energy supplies: Badawi
Strait of Hormuz closure poses no threat to Egypt's energy supplies: Badawi
POWER

Egypt expects no power cuts, gas supply disruptions amid US-Israel-Iran tensions

Egypt expects no power cuts, gas supply disruptions amid US-Israel-Iran tensions
Egypt expects no power cuts, gas supply disruptions amid US-Israel-Iran tensions
CURRENCIES

Egypt to adopt flexible exchange rate amid regional tensions: Madbouly

Egypt to adopt flexible exchange rate amid regional tensions: Madbouly
Egypt to adopt flexible exchange rate amid regional tensions: Madbouly

MORE ON ECONOMY

DIVIDEND

Nigeria: Zichis plans dividend, bonus issue as profit jumps 421%

Nigeria: Zichis plans dividend, bonus issue as profit jumps 421%
Nigeria: Zichis plans dividend, bonus issue as profit jumps 421%
INDUSTRIAL

Nigeria: Dangote targets steel, power, ports in new industrial push

Nigeria: Dangote targets steel, power, ports in new industrial push
Nigeria: Dangote targets steel, power, ports in new industrial push
AVIATION

Kenya issues tender for new airport to ease JKIA capacity strain, official says

Kenya issues tender for new airport to ease JKIA capacity strain, official says
Kenya issues tender for new airport to ease JKIA capacity strain, official says
AFRICA

South African president says African supply chains strained by Middle East conflict

South African president says African supply chains strained by Middle East conflict
South African president says African supply chains strained by Middle East conflict
LOANS

EBRD backs aluminium manufacturing in Egypt via $15.9mln loan to Alumil Misr

EBRD backs aluminium manufacturing in Egypt via $15.9mln loan to Alumil Misr
EBRD backs aluminium manufacturing in Egypt via $15.9mln loan to Alumil Misr
INVESTMENT

GAFI, Elsewedy Group explore establishing Egypt's first private investment zone

GAFI, Elsewedy Group explore establishing Egypt's first private investment zone
GAFI, Elsewedy Group explore establishing Egypt's first private investment zone
OIL

South Africa: Diesel prices set to rise in March, impacting transport costs

South Africa: Diesel prices set to rise in March, impacting transport costs
South Africa: Diesel prices set to rise in March, impacting transport costs
EGYPT

Egypt's Tourism Sector: What is the story?

Egypt's Tourism Sector: What is the story?
Egypt's Tourism Sector: What is the story?
ECONOMY

Egypt reports 5.3% GDP growth as government prepares $801mln social package

Egypt reports 5.3% GDP growth as government prepares $801mln social package
Egypt reports 5.3% GDP growth as government prepares $801mln social package