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Business

  • Corn
Supply Minister had said the corn would be offered to local producers on the exchange
Egypt begins offering corn on commodities exchange
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  • Invest in Saudi Arabia
Riyadh
Saudi Arabia to allow 100% foreign ownership of firms in new special economic zones
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  • Morocco's economy
The unemployment rate in Morocco would reach 11% in 2023
IMF says Morocco's economy set to grow by 3% in 2023
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  • Banking
Bank Dhofar has over $11 billion in assets
Oman's second-largest bank pursuing merger with smaller rival
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  • Inflation
Egypt's highest inflation rate ever was 32.952%, reached in July 2017
Egypt's headline inflation rate climbed to 32.7% in March
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  • UAE-Vietnam
A partnership of huge potential
UAE, Vietnam to launch talks on economic partnership
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  • QatarEnergy
QatarEnergies said the total investment in the project would be around $10 billion
QatarEnergy to acquire 25% stake in major Iraqi gas project
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  • Saudi Economy
Saudi stock exchange
Fitch upgrades Saudi Arabia to 'A+'
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  • Iraq's oil industry
The project’s revival helps reverse oil majors' exit from Iraq
Baghdad agrees to 30% stake in TotalEnergies Iraq energy project
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  • IMF
Antoinette Sayeh, Deputy Managing Director and Acting Chair
IMF approves US$5 billion flexible credit line arrangement for Morocco
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  • Oil Market
The cuts in oil output pushed prices higher, adding to strains in many countries where high fuel prices are a heavy burden
Oil prices rise on shock OPEC+ output cuts
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  • Bond market
An issuance of benchmark-size - typically at least $500 million - long five-year bonds will take place
Jordan hires Citi, Goldman, HSBC for dollar bond sale
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  • MTS bank
MTS bank was placed under British and US sanctions in February
UAE cancels licence for Russia's sanctioned MTS Bank
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  • Saudi Aramco
Saudi Aramco posted a record profit of more than $160 billion in 2022
Saudi Aramco to invest billions in Chinese petrochemicals
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  • Egypt's poultry sector
A Shopkeeper says the price of chicken tripled in a year
Egypt's weak pound takes its toll on poultry sector
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  • UAE-Israel trade ties
Cohen said the trade pact would strengthen the connection with the UAE
Israel, UAE sign free trade pact into effect
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