Browsing: Business
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
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