Preliminary agreement between Sri Lanka and the IMF is expected
In a statement, the head of Sri Lanka’s central bank said that he hopes that the government can reach a preliminary agreement with the International...
Category : Business
In 2022, Arab countries will grow at 5.4 percent – Arab Monetary Fund
As a result of rising oil prices, the increase in production in Arab oil-exporting countries, and continuing reforms that promote growth, the Arab countries are...
Saudi wealth fund PIF purchases Alphabet, Zoom, and Microsoft shares
A broad selection of US stocks was purchased by Saudi Arabia’s Public Investment Fund (PIF), bringing its investment portfolio’s value to about $40.8 billion at...
King Abdulaziz Port in Dammam, breaks container throughput record in June
By handling 188,578 TEUs during June 2022, the King Abdulaziz Port in Dammam, managed and operated by Saudi Global Ports (SGP), broke its own record...
Indian commerce ministry develops an outreach strategy to boost agro exports
In order to achieve the current financial year’s agro export target of over $23 billion, the Indian Commerce and Industry Ministry has developed an outreach...
Non-oil foreign trade in Abu Dhabi increased by 12 percent in H1 to AED124 billion
In the first half of 2022, Abu Dhabi’s non-oil foreign trade totaled about AED124 billion, an increase of 12% over AED110 billion and 313 million...
With an AED1.8 billion deal, IHC buys 50 percent of Turkish Kalyon Enerji
Through its subsidiary International Energy Holding, International Holding Company (IHC) has acquired a 50% stake in Turkish clean energy market leader Kalyon Enerji for AED1.8...
ADNOC has signed a $1.17 billion contract for jack-up barges
In order to drive offshore operational efficiency and expand crude oil production capacity to five million barrels per day (mmbpd) by 2030, Abu Dhabi National...
SFD CEO receives advisor to Chadian president
Sultan bin Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development (SFD), received a delegation from the Republic of Chad today led by Issa Dobran,...
Saudi-Egyptian Investment Co. invests $1.3 billion in four Egyptian companies
Egypt’s planning ministry announced on Wednesday that the Saudi Egyptian Investment Company (SEIC), established by the Saudi Arabian Public Investment Fund (PIF), has purchased minority...