101 wells will be drilled in 2026. Egypt is planning to drill 480 new oil and gas exploration wells over the next five years, with total investments exceeding $5.7 billion, the Minister of Petroleum and Mineral Resources said during his keynote speech at the World Energies Summit in London. In 2026 alone, Karim Badawi said […]
They aim to tackle supply gap. Saudi Arabia has completed a study about the optimal options to address the supply shortage in the domestic steel market, the Kingdom’s Minister of Industry and Mineral Resources Bandar Alkhorayef has said. Options involve manufacturing 7 steel and iron products, potentially opening up investment opportunities worth 60 billion Saudi […]
Most stock markets in the Gulf ended lower on Monday, pressured by weak oil prices, while investors awaited more corporate earnings reports. Oil prices – a catalyst for the Gulf’s financial markets – dipped, pressured by worries over a global glut as U.S.-China trade tensions added to concerns about an economic slowdown and weaker energy […]
Retail investors represented 74.27% of total trading, while institutions made up 25.72%. The Egyptian Exchange (EGX) ended Thursday’s trading session with a mixed performance. The EGX30 index grew by 0.06% to 37,677.19 points. Likewise, the EGX35-LV also went up by 1.10% to 4,201.59 points. Both the EGX70 index and the EGX100 concluded the trading session […]
In July, the European Commission fired the starting gun on the negotiations of the next Multiannual Financial Framework – the EU’s budget. Against a tough geopolitical and economic backdrop, the call to bolster Brussels’ public finances clashes with the reluctance of some member states to spend more centrally. This column outlines a possible way forward […]
Trade in both goods and services recorded solid gains compared with the first quarter. Global trade expanded by about $500 billion in the first half of 2025, despite volatility, policy shifts and persistent geopolitical tensions. Momentum remained strong into the third quarter, even as growth patterns varied across regions and sectors, according to UNCTAD Global […]
JPMorgan Chase announced plans on Monday to hire bankers and invest up to $10 billion in U.S. companies considered critical to national security and economic resilience as part of a broader $1.5 trillion pledge. The 10-year initiative aims to facilitate, finance and invest in industries central to the growth of the U.S. economy, including defense, energy and manufacturing. Shares […]
By the end of August, the value of the reserves reached $8.26bln, compared with $6.26bln at the end of December 2024. The Central Bank of the United Arab Emirates (CBUAE) has seen its gold reserves rise by around 32 percent during the first eight months of 2025, surpassing AED30 billion for the first time. By […]
As populations age, noncommunicable diseases and mental health conditions are draining South American economies, reducing labour supply and diverting resources from investment. This column presents a macroeconomic model for ten South American countries to examine the effects of noncommunicable diseases and mental health conditions on healthcare costs and human capital. The findings suggest that from […]
The agency’s strategic objective is to position the UAE among the world’s top ten countries in attracting and hosting space-related companies by 2031. Dr. Ahmad Belhoul Al Falasi, Minister of Sports and Chairman of the UAE Space Agency, affirmed that the UAE’s space sector is witnessing rapid growth, driven by sustained government support and the […]
