LCD Media

Economics

Saudi Arabia adopts the Saudi Riyal currency symbol to enhance its economic identity locally, regionally, and internationally

The Saudi Riyal symbol bears the name of the national currency, " Riyal," with a design inspired by Arabic calligraphy. Ahmad Abdul Rahman writes that this will enhance its representation locally, regionally, and internationally, making it suitable for referencing the local currency in all financial and commercial transactions.

Economics

How do neighbouring countries affect the collapsed Syrian economy?

The Turkish economy will have the greatest impact on the Syrian economy, while Iraq is the largest importer of Syrian goods from neighbouring countries. The Syrian economy is expected to have the greatest impact on Lebanon. The Syrian borders with Israel and Palestine are completely closed.

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22 May 2022

Economics

An increase in exports reduces Egypt's trade deficit to USD3.7 billion

With the continued pressures resulting from the large increases in the US dollar exchange rate against the Egyptian pound, recent official data revealed that the value of the trade balance deficit stabilised at USD 3.71 billion in November 2024, compared to USD 3.69 billion for the same month of the previous year, with a slight increase of about 0.5 percent. This article explains.

Economics

The ratings agency, Fitch, downgrades Israel's credit rating

Israel's credit rating is being downgraded by Fitch. This article explains how the country is handling the war with Hamas and its economic impact.

Economics

The Saudi economy exceeds USD1 trillion for the second year in a row

This article explains that the non-oil sector in Saudi Arabia grew 4.4 percent in 2023 but real gross domestic product (GDP) declined by 0.8 percent.

Economics

Egypt is Africa's top investment destination

This article explains why Egypt continues to be Africa's top investment destination, accounting for 18.6 percent of the region's total investment.

Economics

Egyptian banks' profits are expected to increase after the Egyptian pound floats against the US dollar

A securities and bond trading company, HC Securities & Investment, does not expect interest rates to be lowered before the end of this year or the beginning of next. It is likely, therefore, that the banking sector will benefit from high treasury returns.

Economics

Four measures explain Egypt's shift from a deficit in external financing to a surplus

Fitch, the international credit rating agency, says that Egyptian banks' foreign currency liquidity levels improved with the net foreign asset deficit decreasing to USD 2.8 billion, explains Ahmad Abdel Rahman.

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