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Economy

Macro Snapshot — Iraq’s foreign currency reserves above $80bn; Turkish central bank may take steps to cut loan rates

Follow-ups -eshrag News: Sun, 2022-08-21 16:18 CAIRO: Iraq’s foreign currency reserves are now above $80 billion and are expected to…

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Economy

President Sisi names veteran banker as caretaker head of Egypt’s central bank

Follow-ups -eshrag News: Fri, 2022-08-19 23:42 CAIRO: Egypt’s president on Thursday appointed a caretaker governor of the central bank, the…

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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

Saudi Jamjoom Pharma to invest $52m in Uzbekistan as it eyes Central Asia expansion

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

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

Saudi Central Bank approves SABB Takaful’s merger with Walaa Insurance

Follow-ups -eshrag News: RIYADH: Almutlaq Real Estate Investment Co., the real estate subsidiary of the Al Mutlaq Group, has strong confidence…

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Economy

Gulf central banks lift rates as Fed makes second 75-bps hike

Follow-ups -eshrag News: ID:  1658950357439178400 Wed, 2022-07-27 19:29 DUBAI: Most Gulf central banks lifted their main interest rates by three…

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