Browsing: Business

The annual inflation rate in Lebanon is the highest in the world according to recently announced Bloomberg data. As the financial meltdown in the Middle East nation worsens, Lebanon’s inflation rate has risen to the highest of all the countries

Arab Monetary Fund (AMF) and African Export-Import Bank (Afreximbank) signed a Memorandum of Understanding (MoU) to set the groundwork for cooperation and interoperability between Buna, the cross-border and multi-currency payment system owned by the AMF, and the Pan-African Payment and

According to a World Bank report, Iraq ranks higher than all Arab countries in terms of GDP growth in 2022 with 8.9 percent, exceeding the rest of the Arab countries, including Qatar, which is expected to grow by 4.9 percent,

The International Monetary Fund (IMF) and the World Bank, which are meeting in Washington and are grappling with the impact of the Russian conflict with Ukraine, are focusing on the growing crisis of food insecurity and the skyrocketing prices of

The OPEC Fund for International Development (OFID) signed a $15 million loan agreement with the government of Malawi to increase water supply and expand sanitation systems in Dowa Town and nearby areas to improve living conditions for an estimated 100,000

The rating agency Fitch upgraded Saudi Arabia’s sovereign credit outlook from stable to positive, citing an improvement in the country’s balance sheet as a result of higher oil revenues. The Saudi Arabian government expects to post its first budget surplus

A new agreement between Eni and EGAS aims to increase gas production and exports of liquefied natural gas. Magdy Galal, Chairman of EGAS, and Guido Brusco, COO of Eni Natural Resources, signed the agreement in Cairo with the objective of

The Egyptian pavilion at the BIT Milan International Tourism Fair attracted a large number of international companies as well as Italian tour operators and travel trade professionals. This was announced in a press statement issued by the Ministry of Tourism

Forbes magazine has published its ranking of the world’s billionaires and the richest people for the year 2022, particularly those who have fortunes that have reached or exceeded one billion dollars. It was the first time ever that Elon Musk

The Iraqi Ministry of Industry and Minerals said in a statement on Tuesday that Iraq ranks first in the world for sulfur reserves, noting in particular that more than 400 million tons of sedimentary sulfur reserves are found in the