Banking and Finance

An Egyptian vendor fills dates for a customer at a market in Cairo's central Sayyida Zeinab district on Feb. 12, 2026, as Muslims prepare for the holy fasting month of Ramadan, which begins early next week.

Analysis

Egyptians in for another expensive Ramadan despite recovering economy

Egyptians tend to spend more during the Islamic holy month relative to the rest of the year, but high inflation and low wages have reduced their purchasing power.

In Bristol, reporting on regional business, climate change, AI, tech

Fahad

Meet Fahad Al-Saif, PIF exec and Saudi Arabia's new investment minister

Saif previously led investment strategy at the kingdom's sovereign wealth fund and has held senior roles at the Saudi Awwal Bank and HSBC Saudi Arabia.

Crown Prince and Prime Minister of the Kingdom of Saudi Arabia Mohammed bin Salman looks on during a meeting with US President Donald Trump (not pictured) in the Oval Office of the White House in Washington, DC on November 18, 2025. Saudi Crown Prince Mohammed bin Salman arrived at the White House to fanfare and a jet flyover Tuesday, in his first visit to the United States since the 2018 murder of journalist Jamal Khashoggi. (Photo by Brendan SMIALOWSKI / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Ima

Saudi Arabia names new investment minister as Vision 2030 funding lags

The leadership change comes as slowing megaprojects and weak foreign inflows expose gaps in the kingdom’s ambitious economic overhaul.

This picture shows a view of the Abu Dhabi skyline on May 14, 2025. (Photo by FADEL SENNA / AFP) (Photo by FADEL SENNA/AFP via Getty Images)

Abu Dhabi merges ADQ into new wealth fund L'IMAD: What to know

Under the new structure, Sheikh Khaled bin Mohammed, the crown prince of Abu Dhabi, will oversee a broader swath of the emirate’s investment holdings.

United Arab Emirates

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UAE Central Bank approves first US dollar-backed stablecoin: What to know

Art of digital currency.

United Arab Emirates

Iran internet blackout estimated to cost $37M+ daily, crippling businesses and society

Men use their mobile phones while sitting at a coffee shop in Tehran, on Jan. 7, 2026.

Can Iran’s promised economic reforms quell unrest?

Security forces are seen during a pro-government rally on January 12, 2026, in Tehran, Iran.

MidEast VC funding hits record $3.8B in 2025, driven by strong Gulf showing

The skyline of Riyadh, Saudi Arabia, on Oct. 31, 2023.

Then-Crown Prince of Abu Dhabi Sheikh Mohammed Bin Zayed Al Nahyan (C) with Indian Prime Minister Narendra Modi (R) and Indian President Pranab Mukherjee (L) before a ceremonial reception at the Indian President's house in New Delhi on Jan. 25, 2017.

How significant is India's first ever use of rupees for UAE oil payment?

Abu Dhabi National Oil Company (ADNOC) received the rupee payment of an undisclosed amount from Indian Oil Corp., according to an Indian Embassy statement acquired by Reuters.

United Arab Emirates

Emiratis work at the Middle East's largest technology exhibition, GITEX, which opened in Dubai Oct, 3, 2004.

What is Emiratization and how did UAE recover $600,000 from 'fake hires?'

The UAE recovered $600,000 worth of payments made by private companies to 107 Emiratis for fake jobs created in an attempt to fulfill Emiratization quotas.

United Arab Emirates

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

UAE's ADNOC to expand gas processing with $3.6 billion contract

ADNOC Gas announced it would award the contract to a joint venture between ADQ state-fund-owned National Petroleum Construction Company and Spain’s Tecnicas Reunidas.

United Arab Emirates

A man stands in front of Argentina's Central Bank in Buenos Aires, on May 15, 2023.

Qatar loans Argentina $775 million to repay IMF

Qatar continues its practice of assisting financially strapped countries by providing a loan to Argentina, which is also planning to use the yuan to purchase Chinese imports.

A picture taken on Oct. 23, 2018, shows Lubna Olayan, CEO and Deputy Chairperson of Olayan Financing.

Saudi Arabia, UAE lead Forbes’ 2023 Arab family business ranking

Although Saudi Arabia and the UAE dominated the list, with 33 and 29 of the top 100 spots respectively, Egypt’s Mansour Group sat in first place, with the UAE’s Al-Futtaim Group in second and Saudi Arabia’s only female-led company, Olayan Financing Company, at third.

A man counts Saudi riyal banknotes at his jewelry shop in Tiba market in the capital Riyadh on Oct. 3, 2016.

Saudi Arabia borrowing rate hits new high, posing risk to foreign investments

The Saudi Arabian Interbank Offered Rate climbed above an average of 6% in July, which was higher than the rate during the 2008 global financial crisis.

KAZUHIRO NOGI/AFP via Getty Images

Japan’s Nomura subsidiary receives crypto license in UAE

The crypto sector is booming in the United Arab Emirates thanks to clear regulations on virtual assets.

Lebanese anti-government protesters hold a mask of Lebanon's Central Bank Governor Riad Salameh during a protest in front of the central bank headquarters in Beirut to protest against the economic policies of the bank on November 27, 2019. - Since September, debt-saddled Lebanon has had a liquidity crisis, with banks rationing the supply of dollars. As a result, the dollar exchange rate on the parallel market has topped 2,000 Lebanese pounds -- a spike from the pegged rate of 1,507. (Photo by JOSEPH EID / A

Lebanon's scorned central bank chief Riad Salameh steps down

Salameh is under investigation in both Lebanon and Europe for financial crimes as Lebanon’s economic crisis continues.

The US Federal Reserve Building is seen in Washington on May 3, 2023.

Gulf central banks raise interest rates after US Federal Reserve decision

Gulf central banks also held firm in June when the Fed paused its rate hikes.

JACK GUEZ/AFP via Getty Images

Morgan Stanley lowers Israel’s sovereign credit as Moody's issues warning

Protests are mounting over the controversial judicial reforms, and the leading credit agency downgraded Israel earlier this year.

Kuwait prohibits all cryptocurrency use in new virtual assets ban

Users of cryptocurrencies and other virtual assets in Kuwait would be subject to Kuwait’s 2013 money laundering and terrorist financing laws.

Turkish exchange rates

Breaking | Last Updated: July 20, 2023, 10:59 am

Turkey’s Central Bank hikes interest rates to 17.5%

The 250 basis point rise was lower than analysts' expectations, many of whom advocate for a steeper hike.