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Category: Business 9423

National Exports to Arab Free Trade Area Countries Rise 13.9%, Leading Jordan’s Trade Partners
Business
  • 1 mins read

National Exports to Arab Free Trade Area Countries Rise 13.9%, Leading Jordan’s Trade Partners

Jordan’s national exports to the Arab Free Trade Area countries increased by 13.9% during the first seven months of the year, reaching 2.214 billion dinars and leading the kingdom’s trade partners. Imports from these countries rose by 7%, while the trade deficit decreased to 834 million dinars.

"Amanat" Launches Subsidiary for IPO on Saudi Market
Business
  • 1 mins read

"Amanat" Launches Subsidiary for IPO on Saudi Market

Amanat Holding announces approval from the Saudi Capital Market Authority for its subsidiary Al-Masar Al-Shamil for Education to launch an IPO on the main Saudi Stock Exchange market.

Saudi Unemployment Rate Drops to 6.8% in Q2 2025
Business
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Saudi Unemployment Rate Drops to 6.8% in Q2 2025

The General Authority for Statistics released the labor market statistics for Q2 2025, reporting a 6.8% unemployment rate among Saudis and a 49.2% labor force participation rate. The bulletin also detailed differences in unemployment and participation rates by gender and age groups.

Ibn Muammar: Saudi Arabia Places Translation and Innovation at the Core of Its Cultural and Developmental Vision
Business
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Ibn Muammar: Saudi Arabia Places Translation and Innovation at the Core of Its Cultural and Developmental Vision

The King Abdulaziz Public Library and the General Secretariat of the King Abdullah bin Abdulaziz International Award for Translation, in cooperation with Hankuk University, held a scientific forum in Seoul titled "Translation and Artificial Intelligence: Opportunities and Challenges," featuring experts in translation and AI technologies.

Sudan's Livestock Sector Remains Resilient Despite War
Business
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Sudan's Livestock Sector Remains Resilient Despite War

Sudan's livestock sector faces major challenges due to the war that began in April 2023, but shows signs of resilience with gradual recovery in production despite destruction. The sector remains a vital pillar of the national economy and a source of income and stability for millions.

Egyptian Ministry of Finance to Offer 6 Prime Land Plots in Cairo to Private Sector Within Weeks
Business
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Egyptian Ministry of Finance to Offer 6 Prime Land Plots in Cairo to Private Sector Within Weeks

The Egyptian Ministry of Finance announced plans to offer 6 prime, unused land plots in Cairo's Al-Dirasa area to the private sector within weeks, aiming to stimulate investment and develop innovative economic projects.

Oil Sector Development and Production Increase on the Agenda of National Oil Corporation and US Embassy Talks
Business
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Oil Sector Development and Production Increase on the Agenda of National Oil Corporation and US Embassy Talks

Masoud Suleiman, acting head of the National Oil Corporation, met with Jeremy Brent, Chargé d'Affaires at the US Embassy in Libya, to discuss cooperation in energy and plans to develop the oil and gas sector and increase production to support the national economy.

Saudi Dar Global Launches $1 Billion "Trump Plaza" Project in Jeddah
Business
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Saudi Dar Global Launches $1 Billion "Trump Plaza" Project in Jeddah

Saudi real estate developer Dar Global has launched the $1 billion "Trump Plaza Jeddah" project in partnership with the Trump Organization. This is their second collaboration in Jeddah after the "Trump Tower Jeddah." The project includes luxury residences and office spaces aiming to redefine urban living in the city.

Reuters Poll Predicts Egypt to Cut Interest Rates by About 100 Basis Points on Thursday
Business
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Reuters Poll Predicts Egypt to Cut Interest Rates by About 100 Basis Points on Thursday

A Reuters poll predicts that the Central Bank of Egypt will cut key interest rates by 100 basis points at its upcoming meeting on Thursday amid slowing inflation and high real interest rates above 10%.

Oil Prices Fall Amid Expectations of New OPEC+ Production Increase
Business
  • 1 mins read

Oil Prices Fall Amid Expectations of New OPEC+ Production Increase

Oil prices dropped Tuesday amid expectations of increased OPEC+ production and resumed oil exports from Iraq's Kurdistan region via Turkey, raising forecasts of a near-term supply surplus.

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