Middle East

Jordan, Egypt ink agreement to build Coral Bridge submarine cable, first undersea cable between the 2 countries

Telecom Egypt and NaiTel collaborate on game-changing infrastructure connecting Aqaba and Taba

Oil prices decline following surge to highest levels since December

Red Sea disruptions and global tensions raise supply chain concerns

Oil prices increase amid U.S. crude storage and production decline

Chinese economic stimulus and a weaker output contribute to the complex oil market dynamics

Oil prices witness slight uptick amid continued tensions in Red Sea

Rebounding U.S. output, Libyan and Norwegian supply boosts influence oil prices

Davos 2024: Saudi Arabia’s non-oil economy grew 20% since 2016

Kingdom calls for greater integration in the Middle East

UAE emerges as global FDI hotspot, second only to the U.S.

Global FDI flows in 2023 witnessed a marginal 3 percent increase

stc dominating Middle East and top 150 global brands with $13.9 billion value

Unprecedented success in 2023, notable advancements in digital infrastructure

Fintech Trends in 2024: Region’s ‘Open Banking’ market to surge

DeFi and sustainable finance gain prominence in the Middle East

Oil prices slide amidst dollar surge and Middle East tensions

Geopolitical risks offset greenback gains, keeping oil market on edge

Bank Muscat’s $390 million investment fund gets central bank nod

Investment portfolio includes several banks listed in GCC markets

Egypt’s GDP growth rate slows to 2.65 percent

Compared to growth rate of 4.4 percent in 2022-2023

Oil prices uncertain amid geopolitical tension and weather concerns

Market doubt prevails as global factors impact oil prices

End-of-year turbulence overshadows COP28 success

Red Sea tensions add to shipping costs but energy flows unaffected

Egypt’s IPO program attracts $3.5 billion

Despite global crises, Egypt has maintained balanced economic indicators

Oil prices rise amid domestic challenges and geopolitical tensions

Traders vigilantly monitor supply disruption risks

Morocco joins Integrated Industrial Partnership for Sustainable Economic Development

Joins UAE, Jordan, Egypt and Bahrain to strengthen regional industrial integration

Dragon Oil commences production of crude oil in Egypt

Production set initially at 3,000 barrels of crude oil per day

US economic worries lower global oil prices

Offsetting an earlier $2 increase

Egypt moves to international debt markets, eyes Gulf currency-denominated bonds

Difficulties securing affordable financing currently, given the country’s strict monetary policy and credit rating