Business
– Egypt’s foreign reserves climbed by $151.6 million in October to a new record of $57.5 billion, the Central Bank of Egypt (CBE) said. Net international reserves reached $57.4998 billion at the end of the month, up from $57.3482 billion
– Botswana’s diamond production has risen 14% this year, helping the economy recover from a two-year slump, as the government raised its 2026 growth forecast to 3.8%. The Ministry of Finance had initially forecast growth of 3.1%. Output reached 15.1
– Strong non-oil and gas exports helped Indonesia post a trade surplus of $10.61 billion in the first nine months of 2026, Statistics Indonesia (BPS) announced on Monday. The non-oil and gas sector produced a $34.21 billion surplus between January
– South Africa’s FirstRand, the second-largest lender in Africa, has joined a growing list of continental banks seeking to buy into Kenya’s banking industry. Half of Africa’s top 20 banks are building a multi-billion-shilling war chest for the market. They
– Türkiye aims to become the world’s sixth-highest-earning country in tourism revenue, backed by a larger budget allocation for the sector in 2027. The 2027 central government budget draft sets tourism funding at $244.5 million, up from $188.4 million this
Middle East and Africa Private Market Place (MEAPMP) today announced the commercial launch of its revamped independent supply-side platform (SSP) and curated media marketplace, connecting enterprise media buyers and agencies directly with premium regional inventory across 73 countries. Operating from
MENA Newswire News Desk: The personal luxury goods market, long seen as resilient against economic uncertainty, is witnessing a significant contraction for the first time since the Great Recession. According to Bain & Company’s annual luxury report, global sales are
