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In January, Saudi Arabia’s US Treasury securities holdings dwindled to $126.9 billion, marking a $10.6 billion decrease from the previous month, as stated by US Treasury data. In January, Saudi …
Saudi Arabia’s US Treasury Holdings Decline Significantly in January Read More
Saudi Arabia’s holdings of US Treasury securities decreased by $10.6 billion to $126.9 billion in January, representing a 7.71 percent decline. It remains the 17th largest holder globally. Japan leads …
Saudi Arabia’s US Treasury Holdings Adjustments Reflect Market Trends Read More
UAE investments are driving growth in the African mining sector. Ambrosia Investment Holding acquired a stake in Canadian mining projects, promising significant increases in gold output. AD Ports Group has …
UAE Investments Propel Growth in African Mining Sector Read More
The Central Bank of Egypt reported that banks earned EGP 426.911 billion in net profits in the first nine months of 2024, with total revenues of EGP 669.365 billion. The …
Banks in Egypt Report EGP 426.911 Billion in Net Profits for 2024 Read More
Saudi Arabia leads Forbes’ “30 Most Valuable Banks 2025” with 10 banks valued at $269 billion. The MENA banking sector is predicted to grow, supported by favorable economic conditions and …
Saudi Arabia Leads Forbes’ 2025 Ranking of MENA’s Most Valuable Banks Read More
Tanzania’s economy is reportedly growing, yet the Tanzanian shilling has plummeted by 8.9% this year, cementing its status as the world’s worst-performing currency. Factors causing this decline include rising imports …
Tanzanian Shilling Faces Severe Decline Amid Economic Growth Challenges Read More
Nigeria’s inflation has decreased to 23.18% in February 2025 from 24.48% in January, aided by a stable naira and lower fuel prices. Food inflation also saw a slight decline. However, …
Stabilization of Naira and Reduced Fuel Prices Contribute to Inflation Decrease in Nigeria Read More
Nigeria’s inflation rate fell to 23.18% in February 2025 from 24.48% in January, attributed to lower fuel prices and a stable naira. Food inflation slightly decreased to 23.51%. Analysts warn …
Stabilization of Naira and Reduction in Fuel Prices Mitigate Nigeria’s Inflation Read More
On March 19, 2023, gold prices in the UAE remained stable, with 1 gram priced at 358.53 AED and a tola at 4,181.86 AED. Geopolitical tensions and economic concerns, especially …
Current Gold Prices in the United Arab Emirates as of March 19, 2023 Read More
Saudi Arabia has awarded mining exploration licenses to several companies, including Vedanta and a consortium of Ajlan & Bros and Zijin Mining. The licenses pertain to mineralized belts at Jabal …
Saudi Arabia Awards Mining Exploration Licenses to Local and International Firms Read More