Tag: Arab economy
Economy
Inflation in Egypt rises to highest level in 4 years
Egypt's Central Agency for Public Mobilization and Statistics said inflation rose to its highest level since November 2018 on an annualized basis, while on...
Economy
UAE to build electric vehicle assembly plant in Kizada
Khalifa Industrial City (KIZAD) said that "Abu Dhabi will build an electric vehicle assembly plant with a production capacity of thousands of vehicles per...
Economy
Suffocating fuel crisis in Sana’a for the first time since the ceasefire came into force.
Residents in the Yemeni capital Sana'a have said a suffocating fuel crisis has begun, the first time since a UN-sponsored truce went into effect...
Economy
The Arab Bank Group’s profit for the first half of 2022 is $252 million with a growth rate of 38%.
The Arab Bank Group posted positive results in the first half of 2022 as “net profit after tax was $252 million compared to $182.4...
Economy
Egypt deliveries: strategic wheat reserves in the country will last for 7 months
Egypt's Ministry of Supply said that "the country's strategic wheat reserves will last for 7 months", noting that "it is now difficult to predict...
Economy
Reuters: Saudi Arabia doubles oil imports from Russia
Reuters reported that Saudi Arabia doubled its imports of Russian diesel fuel in the second quarter of this year, which is used to run...