Author: From the Newsroom

After meetings to review the financing program for Egypt, the International Monetary Fund issued a statement on the country’s economy. There has been progress with the implemented reforms, reflecting on the balance of exchange rates and inflation, but the regional environment, with the conflict in Gaza and attacks in the Red Sea, impacts the economic landscape.

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Saudi Arabia’s minister of Finance, Mohammed Al-Jadaan, praised Brazil’s agenda execution. He has joined the G20 Summit in Rio alongside the Saudi foreign minister Faisal bin Farhan bin Abdullah, who is attending the event on behalf of crown prince and prime minister Mohammed bin Salman bin Abdulaziz Al Saud.

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The state-run company Saidal should see an increase in business volume in 2024, and plans are in place for an even bigger leap in 2025 through portfolio diversification as part of a strategy geared at reducing medication imports to the Arab country.

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