Articles
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2 weeks ago |
arabnews.pk | Nour El-Shaeri
RIYADH: Early users of quick commerce company Rabbit in Riyadh are already showing promising signs of engagement, with weekly reorder rates comparable to those in the company’s more mature Egyptian market, Arab News has been told. This strong early traction points to a positive product-market fit as the Cairo-based startup expands into Saudi Arabia.
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3 weeks ago |
arabnews.pk | Nour El-Shaeri
RIYADH: Startups across the Middle East and North Africa secured $289 million across 44 deals in May, marking a 25 percent rise from April and a 2 percent increase year-on-year. While equity dominated the deal flow, debt financing represented just 9 percent of the total. Egypt led regional fundraising with $125 million, bolstered by Nawy’s $75 million round and seven other deals totaling $50 million.
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3 weeks ago |
arabnews.com | Nour El-Shaeri
Oil Updates — prices heading for rebound this week as US-China trade talks resume /node/2603584/business-economy June 06, 2025 09:10 Oil Updates — prices heading for rebound this week as US-China trade talks resume SINGAPORE: Oil prices slipped on Friday but were on track for their first weekly gain in three weeks after US President Donald Trump and Chinese leader Xi Jinping resumed trade talks, raising hopes for growth and stronger demand in the world’s two largest economies. Brent crude...
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3 weeks ago |
arabnews.com | Nour El-Shaeri
RIYADH: Saudi Arabia and Syria are set to advance economic cooperation following a virtual meeting between the Kingdom’s Minister of Investment Khalid Al-Falih and the Middle Eastern country’s Minister of Economy and Industry Mohammad Al-Shaar. The two sides reviewed prospects for investment partnerships and discussed opportunities to expand collaboration in both public and private sectors, according to a report by the Saudi Press Agency.
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3 weeks ago |
arabnews.pk | Nour El-Shaeri
RIYADH: Remittances from Egyptians working overseas recorded a significant jump during the first nine months of the 2024/2025 fiscal year, reaching an unprecedented $26.4 billion. This marks an 82.7 percent annual increase compared to the $14.4 billion recorded in the same period of the previous financial year, according to data from the country’s central bank.
Journalists covering the same region
Reina Takla
Business Editor - Head of Business Section at Arab News
Reina Takla primarily covers news in Riyadh, Saudi Arabia and surrounding areas.
Hebshi Alshammari
Writer at Arab News
Hebshi Alshammari primarily covers news in Riyadh, Saudi Arabia and surrounding areas.
Marco Ferrari
Managing Editor at Arab News
Marco Ferrari primarily covers news in Riyadh, Saudi Arabia and surrounding areas.
Rashid Hassan
Senior Correspondent at Arab News
Rashid Hassan primarily covers news in Riyadh, Riyadh Region, Saudi Arabia and surrounding areas.
Olivia Bateman
Deputy Video Editor at Daily Mail
Olivia Bateman primarily covers news in Riyadh, Saudi Arabia and surrounding areas.
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