Browsing: Business
The International Monetary Fund and Lebanon have reached a tentative agreement on Economic Policies with Lebanon for a Four-Year Extended Fund Facility. However, financial experts and analysts remain unconvinced that the Lebanese political elite, widely criticized for rampant corruption, will
The Central Bank of Egypt reported a decrease of $3.91 billion in foreign reserves for the first time in 20 months. The Egyptian pound dropped again against the dollar on the black market on 21 July 2016, extending its recent
Jordanian Finance Minister Mohammad Al-Ississ discussed ways to enhance bilateral cooperation in the areas of finance, tax and customs with Saudi Finance Minister Mohammad Al-Jadaan. In the course of the meeting which was held at the sidelines of the Joint
The Saudi State Minister and Cabinet member for Shura Council Affairs, Dr. Essam bin Saad bin Saeed, and the Egyptian Minister of Planning and Economic Development, Dr. Hala Al-Saeed, who is also Chairman of the Board of Directors of the
During an extraordinary meeting, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to raise interest rates by 1% to 9.25% for depositing, 10.25% for lending, and 9.75% for the credit and discount rates, as well
Sahar Nasr has been named independent director of Helios Fairfax Partners Corporation. She is the first Egyptian and African woman to be appointed to the High-Level Advisory Board of the United Nations Social Impact Fund. Sahar Nasr is an Associate
Chairman of the Capital Market Authority (CMA), Shaikh Abdullah Salem al Salmi, approved on Thursday the licensing of the first crowdfunding platform operator in the Sultanate of Oman, Ethis Investment Platform LLC. It is the first Islamic global crowdfunding platform
A number of national projects in the housing and road sectors were inaugurated by video in Greater Cairo by Egypt’s President Abdel Fattah El-Sisi. The president used his video address from the Sixth of October City to inaugurate housing projects
The Kingdom of Saudi Arabia’s overall merchandise exports increased 62.6% in December 2021 compared to December 2020, when many countries imposed travel bans and lockdowns as a result of COVID-19 issues. According to the General Authority for Statistics (GASTAT), exports
Over 30 senior Saudi manufacturers and exporters in the constructions and foodtuff sectors took part in a commercial mission organized by Saudi Exports Development Authority (SAUDI EXPORTS) today in Oman. This mission targets 70 Omani companies and follows the signing