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Business

  • Emirates
Flight No. EK2646 flew for just under an hour over the UAE coastline
Emirates test flies Boeing 777 on sustainable fuel
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  • Saudi Economy
Saudi Arabia's Finance Minister Mohammed al-Jadaan
Saudi Arabia expects borrowing around 45 billion riyals in 2023
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  • Egyptian Economy
ITFC
Egypt signs $1.5 billion financing deal with ITFC
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  • Iranian rial
The rial has lost 29% of its value since nationwide protests following the death of Mahsa Amini on September 16
Iran’s troubled currency falls to record low
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  • Turkey Inflation
Analysts say it is difficult to judge how discount campaigns will affect voters
Turkey presses retailers to partially freeze prices ahead of elections
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  • OPEC Fund
The money will be earmarked for food security, healthcare, infrastructure, education, employment and renewable energy projects
OPEC development fund raises $1 billion with first ever bond
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  • Lebanese pound
The 100,000 pound note formerly worth $67, is now worth just $2
Lebanese pound hits new record low to US dollar
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  • OCP Group
OCP Group is the world’s largest producer of phosphate-based fertilizers
OCP Group’s ESG performance keeps improving
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  • Masdar
Masdar city
UAE's Masdar to issue green finance framework within weeks
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  • OPEC+
Prince Faisal says Saudi Arabia is committed to the clean energy future
Saudi FM says oil price stability reflects correct OPEC+ policy
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  • Egyptian pound
The price of imports in Egyptian pounds will jump
Egypt's pound weakens by more than 13% to new low
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  • Inflation
Food prices increased by 4% on the average in December
Egypt's inflation soars
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  • Diriyah
Diriyah, a UNESCO World Heritage Site
Saudi Arabia includes Diriyah tourism project in PIF's portfolio
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  • Inflation
Market in Tunis
Tunisia's annual inflation rate soars to 10.1% in December
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  • Egyptian pound
The shift to a flexible exchange rate is affecting the Egyptian pound
Egyptian pound sees largest single-day fall since IMF deal
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  • Abraham accords
Just 1,600 Emirati citizens have visited Israel since it lifted coronavirus travel restrictions last year
Israel's hopes of luring Gulf Arab tourists fall short
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