Egypt aims to raise $6bn by selling stakes in state firms to revive economy
Egypt is planning to raise $6 billion by June 2023 through selling stakes in government companies as the nation tries to revive an…
Category: Business & Finance
Mediterranean Shipping Co. connects Jeddah Port with 10 global ports
Geneva-headquartered Mediterranean Shipping Co. will introduce a new call to its Himalaya Express Service to connect Jeddah Islamic Port with 10 global ports,…
Daman Investments launches UAE IPO fund for institutional investors
Dubai’s Daman Investments has launched a UAE initial public offering fund for professional and institutional investors, according to a statement. In line with…
Serco opens hub in Riyadh to elevate regional trade
British public services firm Serco has opened its new headquarters in Riyadh as the company aims to develop its Saudi-based resources and leverage…
TASI drops below 11k for the first time in over 9 months as the market trembles: Closing bell
Saudi Arabia’s main index dropped below 11,000 points for the first time in nearly nine months thanks to falling oil prices and global…
War in Ukraine drags on global economy into 2023, OECD says
Russia’s war in Ukraine and the lingering effects of the COVID-19 pandemic are dragging down global economic growth more than expected and driving…
Germany takes control of Russian-owned refinery amid energy crisis
Germany took control of a major Russian-owned oil refinery on Friday, risking retaliation from Moscow as Berlin strives to shore up energy supplies…
Saudi Arabia’s refinery output down for third month in a row: JODI
Saudi Arabia’s refinery output has inched lower for the third month in a row, while oil product exports met the same fate, the…
Iraq, Qatar discuss joint cooperation in civil aviation
The head of Iraq’s Civil Aviation Authority, Nael Saad Abdul Hadi discussed on Saturday, with the Minister of Transport and Qatar Aviation Authority…