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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

INDUSTRIAL

UAE industrial exports reach $71.34bln in 2025

UAE industrial exports reach $71.34bln in 2025
UAE industrial exports reach $71.34bln in 2025
INFLATION

SAMA Governor: Riyal-US dollar peg has preserved domestic price stability

SAMA Governor: Riyal-US dollar peg has preserved domestic price stability
SAMA Governor: Riyal-US dollar peg has preserved domestic price stability
TRADE

Egypt, India discuss March trade mission to expand industrial exports

Egypt, India discuss March trade mission to expand industrial exports
Egypt, India discuss March trade mission to expand industrial exports
ECONOMY

Egypt’s external buffers strengthen, opening door for CBE rate cut: HC Securities

Egypt’s external buffers strengthen, opening door for CBE rate cut: HC Securities
Egypt’s external buffers strengthen, opening door for CBE rate cut: HC Securities
ECONOMY

Mohammed bin Rashid approves development of Al Layan Oasis

Mohammed bin Rashid approves development of Al Layan Oasis
Mohammed bin Rashid approves development of Al Layan Oasis
ECONOMY

UAE: New cabinet decision on exchange of information upon request for tax purposes

UAE: New cabinet decision on exchange of information upon request for tax purposes
UAE: New cabinet decision on exchange of information upon request for tax purposes
ECONOMY

Egypt core inflation falls to 11.2% year-on-year in January

Egypt core inflation falls to 11.2% year-on-year in January
Egypt core inflation falls to 11.2% year-on-year in January

GLOBAL

ECONOMY

$15trln infrastructure gap to boost role of PPPs, says report

$15trln infrastructure gap to boost role of PPPs, says report
$15trln infrastructure gap to boost role of PPPs, says report
GOLD

Gold ticks lower on increased risk appetite; investors await U.S. economic data

GRAINS

Chicago soybeans rise, wheat falls ahead of USDA report

GLOBAL MARKETS

Stocks rise as Nikkei sets record, dollar says soft

INFLATION

Turkey's inflation-fighting quest risks stumbling again

Turkey's inflation-fighting quest risks stumbling again
Turkey's inflation-fighting quest risks stumbling again
FOREX

Yen strengthens as markets weigh intervention risks to Takaichi trade

Yen strengthens as markets weigh intervention risks to Takaichi trade
Yen strengthens as markets weigh intervention risks to Takaichi trade

GCC

HOSPITALITY

Oman’s hotel revenues for 3 to 5 star category reach $773mln in 2025

Oman’s hotel revenues for 3 to 5 star category reach $773mln in 2025
Oman’s hotel revenues for 3 to 5 star category reach $773mln in 2025
ECONOMY

DIFC announces enactment of new Variable Capital Company Regulations

DIFC announces enactment of new Variable Capital Company Regulations
DIFC announces enactment of new Variable Capital Company Regulations
ECONOMY

Saudi industrial production up 8.9% in December on mining, non-oil activity

Saudi industrial production up 8.9% in December on mining, non-oil activity
Saudi industrial production up 8.9% in December on mining, non-oil activity
ECONOMY

UAE banking outlook shifts to positive, despite low profitability – Moody’s

UAE banking outlook shifts to positive, despite low profitability – Moody’s
UAE banking outlook shifts to positive, despite low profitability – Moody’s

AFRICA

ECONOMY

South Africa exporters urged to tap Hong Kong for China market opportunities

South Africa exporters urged to tap Hong Kong for China market opportunities
South Africa exporters urged to tap Hong Kong for China market opportunities
FOOD

South Africa: Botselo Mills and Shoprite's partnership feeds the nation

South Africa: Botselo Mills and Shoprite's partnership feeds the nation
South Africa: Botselo Mills and Shoprite's partnership feeds the nation
MINING

South Africa's mining future hinges on investment: MCSA

South Africa's mining future hinges on investment: MCSA
South Africa's mining future hinges on investment: MCSA
SME

New report highlights visibility gap among African SMEs

New report highlights visibility gap among African SMEs
New report highlights visibility gap among African SMEs

LEVANT

HEALTHCARE

Jordan: Health, digital economy ministries expand Digital Health Centre services

Jordan: Health, digital economy ministries expand Digital Health Centre services
Jordan: Health, digital economy ministries expand Digital Health Centre services
REAL ESTATE

Jordan's real estate transactions fall 6% to $723.5mln in January

Jordan's real estate transactions fall 6% to $723.5mln in January
Jordan's real estate transactions fall 6% to $723.5mln in January
INVESTMENT

Jordan: Irbid, Syria's Daraa talks aim to boost trade, investment cooperation

Jordan: Irbid, Syria's Daraa talks aim to boost trade, investment cooperation
Jordan: Irbid, Syria's Daraa talks aim to boost trade, investment cooperation

NORTH AFRICA

FINANCIAL SERVICES

Egypt: EFG Hermes advises on Ashmore’s minority investment in Pharco KSA

Egypt: EFG Hermes advises on Ashmore’s minority investment in Pharco KSA
Egypt: EFG Hermes advises on Ashmore’s minority investment in Pharco KSA
INFLATION

Egypt's annual inflation eases to 10.1% in January: CAPMAS

Egypt's annual inflation eases to 10.1% in January: CAPMAS
Egypt's annual inflation eases to 10.1% in January: CAPMAS
ECONOMY

Allianz Trade upgrades Egypt’s short-term country risk rating to D3 in 2025 Atlas

Allianz Trade upgrades Egypt’s short-term country risk rating to D3 in 2025 Atlas
Allianz Trade upgrades Egypt’s short-term country risk rating to D3 in 2025 Atlas
INVESTMENT

Egypt inks $1bln deals for IL Monte Galala towers, marina in Ain Sokhna

Egypt inks $1bln deals for IL Monte Galala towers, marina in Ain Sokhna
Egypt inks $1bln deals for IL Monte Galala towers, marina in Ain Sokhna

MORE ON ECONOMY

OIL

Kuwaiti oil barrel price down 98 cents to $65.18

Kuwaiti oil barrel price down 98 cents to $65.18
Kuwaiti oil barrel price down 98 cents to $65.18
FOOD

Oman: $1.9bln pacts inked for 11 food security projects in S. Batinah

Oman: $1.9bln pacts inked for 11 food security projects in S. Batinah
Oman: $1.9bln pacts inked for 11 food security projects in S. Batinah
WASTE & RECYCLING

Sony, partners launch renewable plastics supply chain

Sony, partners launch renewable plastics supply chain
Sony, partners launch renewable plastics supply chain
HOSPITALITY

Ellington unveils hospitality-led beachfront destination on Dubai Islands

Ellington unveils hospitality-led beachfront destination on Dubai Islands
Ellington unveils hospitality-led beachfront destination on Dubai Islands
MANUFACTURING

Saudi Arabia: FPI Gulf to manufacture automotive parts at KAEC’s Masarat Mobility Park

Saudi Arabia: FPI Gulf to manufacture automotive parts at KAEC’s Masarat Mobility Park
Saudi Arabia: FPI Gulf to manufacture automotive parts at KAEC’s Masarat Mobility Park
REAL ESTATE

Aldar's new project brings Baccarat's crystal heritage to Saadiyat

Aldar's new project brings Baccarat's crystal heritage to Saadiyat
Aldar's new project brings Baccarat's crystal heritage to Saadiyat
ECONOMY

South Africa's economic catalyst: Driven by real cost relief, not rates

South Africa's economic catalyst: Driven by real cost relief, not rates
South Africa's economic catalyst: Driven by real cost relief, not rates
NIGERIA

Closing revenue leakages key to Nigeria’s economic stability — Gov Mbah

Closing revenue leakages key to Nigeria’s economic stability — Gov Mbah
Closing revenue leakages key to Nigeria’s economic stability — Gov Mbah
ECONOMY

Nigeria’s economy worth $3trn, not $1trln targeted by FG, financial experts

Nigeria’s economy worth $3trn, not $1trln targeted by FG, financial experts
Nigeria’s economy worth $3trn, not $1trln targeted by FG, financial experts