Breaking news and insights at nigerianewsservice.com
The Central Bank of Egypt reported a net foreign asset surplus of $5.95 billion in November 2024, a decrease from $9.2 billion in October. This reflects a continued recovery trend …
Egypt’s Banking Sector Reports $5.95 Billion Net Foreign Asset Surplus in November 2024 Read More
Orange Côte d’Ivoire has announced a 6.6% revenue growth to 1.08 trillion FCFA ($1.72 billion) for 2024, driven by network investments and rural service expansion. Despite facing regulatory challenges and …
Orange Côte d’Ivoire Increases 2024 Dividend Payout Following Revenue Rise Read More
Lebanon has renewed its oil import agreement with Iraq, transitioning from fuel oil to crude oil amid a financial crisis. The new terms include immediate cash payments in US dollars, …
Lebanon and Iraq Reach New Oil Import Agreement Amid Financial Challenges Read More
The Egyptian Ministry of Finance plans to issue EGP 730 billion in T-bills and bonds in March, comprised of 32 auctions. The issuance includes 16 T-bill auctions valued at EGP …
Egypt’s Finance Ministry to Issue EGP 730 Billion in T-Bills and Bonds in March Read More
In 2024, Egypt’s Islamic banking sector reached EGP 1.14 trillion, representing 5% of the total banking market with a 68% growth rate since December 2023. The sector comprises 15 licensed …
Growth of Islamic Banking in Egypt: Key Developments for 2024 Read More
Qatar has been upgraded from an emerging market to a developed market by JP Morgan, alongside Kuwait. This reflects strong fiscal management and infrastructure development. In a recent bond issuance, …
Qatar’s Ascendancy: Reclassification in Changing Global Bond Markets Read More
WWE has had a lucrative partnership with Saudi Arabia since 2018, earning substantial revenue from premium live events. Plans to expand this relationship include increasing the number of events in …
WWE Deepens Financial Ties with Saudi Arabia Amidst Controversy Read More
The Saudi stock market fell 0.6% due to disappointing corporate earnings, while Egypt’s EGX30 index rose 0.8% driven by positive company results. Key banks in Saudi Arabia, including Al Rajhi …
Saudi Bourse Declines Further Amid Lackluster Earnings; Egypt Sees Gains Read More
The EBRD has revised Egypt’s GDP growth forecast for 2025 down to 4.2 percent, a decline from previous estimates. Projections for the fiscal year ending June 2025 have also been …
EBRD Lowers Egypt’s Economic Growth Forecast for 2025 but Sees Recovery in 2026 Read More
On February 27, oil prices rose due to supply concerns after President Trump revoked Chevron’s license to operate in Venezuela. Brent crude increased by 24 cents to $72.77 per barrel, …
Oil Prices Rise Following Revocation of Chevron’s Venezuela License Read More