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Economy

Egypt In-Focus — World Bank revises GDP growth forecast up by 0.6%; Qatari firms eye investments in Egypt

Follow-ups -eshrag News: Fertilizer price projected to surge by 70% as Ukraine war disrupts supply: World Bank report  CAIRO: Fertilizer…

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Economy

UAE’s Central Bank revises up GDP growth forecast to reach 4.2% in 2023

Follow-ups -eshrag News: Egypt In-Focus — World Bank revises GDP growth forecast up by 0.6%; Qatari firms eye investments in…

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Economy

World Bank slashes global growth forecast to 2.9%, warns of ‘stagflation’ risk

Follow-ups -eshrag News: WASHINGTON: The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9…

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Economy

Kuwait’s central bank issues $924m bonds and tawarruq for 6 months

Follow-ups -eshrag News: The UAE Purchasing Managers’ Index rose from 54.6 in April to a five month high at 55.6…

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Economy

PIF takes 24% stake in Capital Bank Group with $185m subscription deal 

Follow-ups -eshrag News: Saudi-US trade rises in 2021 to $24.7bn as non-oil exports hit record high, report shows RIYADH: The…

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Economy

Alinma Bank reappoints Al-Hogail as chairman, names vice chairman

Follow-ups -eshrag News: RIYADH: In an effort to push for unified travel measures and platforms, the Saudi Cabinet on Tuesday approved an…

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Economy

Saudi central bank net foreign assets grew by $1bn in April

Follow-ups -eshrag News: RIYADH: Saudi Arabia’s main index, TASI, recorded its first monthly decline in 2022 to end the month…

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Economy

Kuwait’s central bank issues $1.2bn worth of bonds, tawarruq

Follow-ups -eshrag News: Macro Snapshot — Spain’s inflation resumes upward trend; S.Korea export growth seen rebounding RIYADH: Spanish 12-month inflation…

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Economy

United Arab Bank names Shirish Bhide as new CEO

Follow-ups -eshrag News: RIYADH: Saudi Arabia’s Saline Water Conversion Corp. will open six desalination plants by 2024 in a phased…

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Economy

Qatar central bank expects GDP growth of 3.5% in 2022

Follow-ups -eshrag News: TORONTO: Canadian banks wrapped up second quarter earnings season last week, with most reporting better-than-expected profits, in…

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