Economy

Banque du Caire is finally going public on the Egyptian Exchange after years of delays, offering a significant stake to investors. This move is a crucial step in Egypt's wider economic reform agenda.

Iraq and Turkey are discussing a groundbreaking financing model for the vast "Development Road" project, potentially using oil revenues to build critical infrastructure. This strategic move could reshape regional trade and energy flows.

The UAE's economy reached $262 billion in the first half of 2026, with non-oil sectors driving nearly 80% of activity, despite a slowdown in the second quarter. This performance underlines the nation's push away from oil reliance.

Riyadh and Abu Dhabi signed a landmark agreement to deepen cooperation on electricity grids and cross-border rail, aiming to cut logistics costs and improve energy resilience across the region.

The decision reflects improved resilience against external pressures and robust economic growth, despite regional geopolitical tensions.

Saudi Aramco and NESR are investing $200 million in the region's first direct lithium extraction project, aiming to produce battery-grade material by 2027. This move is a crucial step in the Kingdom's drive to become a key player in the global electric vehicle supply chain.

President Sisi met with South Korean business leaders to promote a new industrial hub, aiming to significantly boost foreign investment and make Egypt a regional export powerhouse.

The UAE has seen its foreign direct investment surge to an unprecedented level, marking nine consecutive years of growth and underscoring its shift towards advanced technology and a knowledge-based economy.

The Saudi stock market saw a strong rebound, with the Tadawul All Share Index (TASI) gaining over one percent, driven by major bank and energy stocks and steady oil flows.

As parliament prepares to debate the 2027 budget, you'll want to understand how a proposed new exchange rate and a significant deficit could affect your purchasing power and business operations.

The Kingdom is pausing flagship projects and entertainment events as the Public Investment Fund shifts toward strict spending limits.

A technical upgrade to the Tadawul allows orders to fill across multiple price levels. It comes as the market looks to recover from a difficult third quarter.

The United Arab Emirates has warned Britain it may pull significant investments after a Premier League ruling against Manchester City, signalling a rare diplomatic and economic escalation stemming from sports.

Soaring global energy prices have pushed Morocco's trade gap wider, putting pressure on household budgets and government finances.

As the Lebanese pound loses more than 98% of its value, the country's economic recovery hinges on crucial IMF-backed reforms. However, a presidential challenge to a new banking law highlights ongoing political hurdles.

The Kingdom projects a significant economic contraction in 2026 due to falling oil activity, yet remains committed to its multi-billion dollar Vision 2030 projects.

The two nations are boosting investment and promoting local currency trade, aiming for a significant increase in total commerce by 2032.

Egypt is aiming for solid economic expansion and attracting significant investment, but a depreciating currency could impact your purchasing power and business costs.