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IMF expects Egypt to contribute 1.7% to global growth
The Egyptian economy is expected to contribute around 1.7 percent to the growth of the global economy over the next five years, according to a Bloomberg calculation done on data released in the International Monetary Fund's World Economic…
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Saudi Arabia jumps 17 ranks in World Bank’s LPI 2023
Saudi Arabia has jumped 17 ranks in the World Bank’s Logistics Performance Index (LPI) for 2023, Minister of Transport and Logistic Services Saleh Bin Nasser Al-Jasser announced Saturday.
The jump up the rankings was achieved within the…
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Chile’s plan for state control in lithium dismays business
The Chilean government’s newly announced plan to have the state take a majority stake in the lithium industry disconcerted business leaders, though analysts cautioned that the proposal appears to try to strike a middle ground between…
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Aramco and SABIC dispatch first accredited low-carbon ammonia shipment to Japan
A first shipment of independently-certified low-carbon ammonia has arrived in Japan for use as fuel in power generation.
This initiative is part of broader efforts by Aramco and Saudi Basic Industries Corp. Agri-Nutrients to establish a…
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Saudi cocoa imports set to exceed 2022 figure thanks to bumper first quarter
Cocoa imports into Saudi Arabia exceeded 37 million kilograms in the first quarter of 2023, putting the Kingdom on track to exceed the total amount brought into the country throughout 2022.
Last year, the Kingdom imported over 127…
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UAE tops MENA Nation Brand Value with Dh 3.540 Trillion
The UAE has preserved its global leadership in the Nation Brand Performance Index, maintaining the first place globally for the second year in a row. The country also ranked 10th globally in the Nation Brand Strength index, and 16th…
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Suez Shipyard fixes giant carrier in record 12 days
The Suez Shipyard Co., one of the Suez Canal Authority affiliated companies, has successfully carried out a comprehensive repairs operation on a giant dry bulk carrier at the Suez Canal’s outer anchorage area as per the latest international…
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Saudi Industrial Development Fund approves $233m in loans in Q1 2023
Small and medium enterprises in Saudi Arabia were the biggest beneficiaries of loans handed out by the Kingdom’s Industrial Development Fund as the sector continues to thrive.
SMEs received 62.5 percent of the number of payments approved…
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LinkedIn reveals Saudi Arabia’s top 15 companies
Saudi Aramco has been ranked first on a list of the top 15 companies in Saudi Arabia by professional network platform LinkedIn.
Hospitality company Red Sea Global was second followed by leading telecommunications giant stc.…
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Qatar’s annual inflation surges 4.01% in March 2023
Qatar’s inflation surged by 4.01 percent year-on-year in March, as a result of a rise of prices across eight categories, according to data released by the Planning and Statistics Authority.
The Consumer Price Index of March 2023, which…
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