Egypt is expected to implement more financial reforms amid the country’s IMF bailout
The IMF forecasts that Egypt’s inflation will remain high in the near term, with average inflation for the coming fiscal year, expected at 25.5%
The holiday will begin at the end of the work day on Sunday, April 7, with most employees getting four days off to mark the festival
According to the latest calculations based on the Islamic astronomical calendar, the month of Ramadan is expected to be a 30-day one
Habben Jansen said the Red Sea crisis had rather enforced route changes
Iraq’s oil ministry has confirmed that it will compensate over the next four moths for the increase in crude production
Several major shipping companies have had to react to challenges being faced in the Red Sea
While the situation remains volatile and subject to change, the newly-released data is best indication of where the market is headed
The International Monetary Fund has agreed with Egypt on key policy components of an economic reform programme
The furniture retailer has announced price cuts in Germany – its biggest market by sales – as well as Sweden and the UK
Navigation movement in Egypt’s Suez Canal is regular from both directions, says a top official from that country
Blinken’s visit to the region comes amid an escalation to the crisis in the Middle East
The annual Middle East list, published by “The Best Places to Work”, has just been released and it has based its results on the assessment of over 500 companies
An over-valued currency, weak property rights and institutions, and an overbearing state and military have deterred investment and competition
Industry profits will reach $25.7bn in 2024, which is a slight improvement over this year’s $23.3bn
The country’s debt problems have come amid a bruising economic crisis that has triggered a string of currency devaluations and record inflation
Inflation hit a 24-year peak of 85 per cent last year and surged again in recent months as the lira weakened for a third year in a row
Türkish companies’ end-2023 balance sheets will be inflation-adjusted, with the practice expected to continue until 2026
Experts believe the third anniversary of the Abraham Accords is the most significant one yet
The partnership seeks to provide customers with a comprehensive range of innovative products and services tailored to modern digital payment preferences
The 32nd Arab League summit brings together 22 member countries and five observer nations in Saudi Arabia’s coastal town
The universal bank said the move comes in light of its efforts to drive shareholders’ value by optimising its operations and improving the return on equity metric
On a monthly basis, prices grew 2.7 per cent, compared with 6.5 per cent in February
The energy project aims to recover flared gas on three oil fields in order to supply power plants and build a seawater treatment plant to increase oil production
The framework’s projects will be supported with $7bn in lending, comprising of $1bn a year from the International Bank for Reconstruction and Development
A 6.4 and 5.8 magnitude earthquakes hit the country’s southeastern Hatay province on Monday
During the operation, the team managed to rescue 10 people and recover 26 bodies
The death toll in Turkey and Syria from the earthquakes and major aftershocks rose above 35,000
Investors in the region could be missing a big opportunity, as investment firms globally are facing increasing demand for ESG investment products that integrate thematic ESG strategies and comply with regulatory requirements
According to the survey, 61 per cent of Middle East CEOs expect regional economic growth to improve in 2023 and are ‘very confident’ about prospects for business revenue growth over the next three years