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Saudi net foreign assets slump to 13-year low
This comes despite a bumper dividend payout from Aramco
Regulators just greenlit Egypt’s first ever gold investment fund. PLUS: Data center upgrade, new Sawari tech fund, oil + gas exploration.
Gold prices have surged 60% this year on ongoing economic uncertainty
Egypt talk show hosts decry black Cleopatra + cover latest on Sudan conflict
More comment on gold prices
GEM to open its doors in November?
PLUS: The prices of subsidized commodities are rising today
Capricorn Energy to pay out USD 575 mn to investors. PLUS: carbon storage, new state-owned fintech, cars for expats
Capricorn has appointed Transglobe’s former CEO, Randy Nelly, to head the company
Is the USD losing ground as the world’s favorite reserve currency?
The USD’s share of global reserves fell rapidly in 2022
Egyptian, Indian firms to team up on USD 80 mn pharma materials plant
Egyptian and Indian firms will spend USD 80 mn on a pharma materials plant
Gov’t to boost social safety spending in next budget
FinMin also promises more for export subsidies + support for manufacturers
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