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Economy

Macro Snapshot — Turkey’s central bank slashes interest rate; Spain’s trade deficit widens almost to $32bn 

Follow-ups -eshrag News: NRG Matters — Oman aims to produce 3,350MW electricity from renewables by 2027; Malaysian utility expedites energy transition…

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Economy

PIF-owned SRC, Riyad Bank sign $133m deal to acquire real estate financing portfolio

Follow-ups -eshrag News: Macro Snapshot — Turkey’s central bank slashes interest rate; Spain’s trade deficit widens almost to $32bn  CAIRO: Turkey’s…

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Economy

Egypt In-Focus — Central bank reluctant to hike interest rates; beverage industry by 30%

Follow-ups -eshrag News: Wed, 2022-08-17 16:55 CAIRO: Despite pressure from investors, Egypt’s central bank is hesitant to raise interest rates, reported…

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Economy

Egypt’s central bank governor resigns as economic woes mount

Follow-ups -eshrag News: MENA Project Tracker — Oman tenders bids on roadworks in Duqm; Penspen wins 7 contracts in Mideast CAIRO: Khatib…

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Economy

Crypto Moves — Bitcoin and Ethereum rise; Australia’s central bank launches digital currency project

Follow-ups -eshrag News: Tue, 2022-08-09 12:10 RIYADH: Bitcoin, the leading cryptocurrency internationally, traded higher on Tuesday, rising by 2.33 percent…

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Economy

Bank Albilad launches $53m wholly owned payments arm Enjaz

Follow-ups -eshrag News: Mon, 2022-08-08 09:11 RIYADH: Saudi-based Bank Albilad has established a wholly owned payments arm in Riyadh with…

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Economy

Saudi Central Bank grants licenses to 2 new fintech firms 

Follow-ups -eshrag News: RIYADH: Saudi Arabia closed 49 investment deals worth more than $925 million in the second quarter, according to…

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Economy

Macro snapshot — Bank of England raises rates by most since 1995; Irish unemployment falls to 21-year low

Follow-ups -eshrag News: CAIRO: The Bank of England raised interest rates by the most in 27 years on Thursday, despite…

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Economy

Bank AlJazira’s profit surges to $167m on lower first-half expenses

Follow-ups -eshrag News: Mon, 2022-08-01 15:54 RIYADH: Saudi-listed Bank AlJazira has recorded an 11 percent rise in profit to SR633…

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Economy

India In-Focus — Shares up; Yes Bank among gainers; India blocks Krafton’s game on data concerns

Follow-ups -eshrag News: CAIRO: Saudi Arabia’s refinery output inched lower to 2.88 million barrels per day in May from 2.89 mbpd…

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