Browsing: Business

Arab Monetary Fund (AMF) and African Export-Import Bank (Afreximbank) signed a Memorandum of Understanding (MoU) to set the groundwork for cooperation and interoperability between Buna, the cross-border and multi-currency payment system owned by the AMF, and the Pan-African Payment and

Kuwait is eager to strengthen its cooperation with the International Labor Organization (ILO), according to a Kuwaiti diplomat. The Permanent Representative of Kuwait at the headquarters of the United Nations and international organizations in Geneva, Jamal Al-Ghunaim, said he and

According to a World Bank report, Iraq ranks higher than all Arab countries in terms of GDP growth in 2022 with 8.9 percent, exceeding the rest of the Arab countries, including Qatar, which is expected to grow by 4.9 percent,

The International Monetary Fund (IMF) and the World Bank, which are meeting in Washington and are grappling with the impact of the Russian conflict with Ukraine, are focusing on the growing crisis of food insecurity and the skyrocketing prices of

Lebanon’s top diplomat, Foreign Minister Abdallah Bou Habib said said the country is eager to work with Cyprus on exploring potential natural gas deposits in waters between the two east Mediterranean countries, even though an offshore agreement hasn’t been finalized

The rating agency Fitch upgraded Saudi Arabia’s sovereign credit outlook from stable to positive, citing an improvement in the country’s balance sheet as a result of higher oil revenues. The Saudi Arabian government expects to post its first budget surplus

A new agreement between Eni and EGAS aims to increase gas production and exports of liquefied natural gas. Magdy Galal, Chairman of EGAS, and Guido Brusco, COO of Eni Natural Resources, signed the agreement in Cairo with the objective of

Forbes magazine has published its ranking of the world’s billionaires and the richest people for the year 2022, particularly those who have fortunes that have reached or exceeded one billion dollars. It was the first time ever that Elon Musk

The Iraqi Ministry of Industry and Minerals said in a statement on Tuesday that Iraq ranks first in the world for sulfur reserves, noting in particular that more than 400 million tons of sedimentary sulfur reserves are found in the

The International Monetary Fund and Lebanon have reached a tentative agreement on Economic Policies with Lebanon for a Four-Year Extended Fund Facility. However, financial experts and analysts remain unconvinced that the Lebanese political elite, widely criticized for rampant corruption, will