Reem Walid

Cairo

Freelance Business News Reporter at Arab News

I am always a work in progress

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Articles

Saudi wealth fund signs $11bn deals to boost financial markets

22 hours ago | arabnews.pk | Reem Walid

RIYADH: Saudi Arabia’s Public Investment Fund has signed a series of landmark agreements with leading US financial institutions worth a combined potential investment of up to $11 billion, signaling a major push to strengthen and diversify the Kingdom’s capital markets as part of Vision 2030.
Jordan’s industrial index rises 2.73% in Q1 2025: official data

2 days ago | arabnews.com | Reem Walid

RIYADH: Jordan’s industrial production index climbed 2.73 percent year on year in the first quarter of 2025, reaching 87.62 points, driven by robust growth in manufacturing and electricity output, according to data released by the Department of Statistics. Manufacturing production rose 3.2 percent during the first three months of the year, while electricity output increased 4.97 percent, the Jordan News Agency, Petra, reported.
Aviation industry faces supply chain shifts amid global tariff talks, flyadeal CEO says

3 days ago | arabnews.pk | Reem Walid

RIYADH: Global tariff discussions are already beginning to reshape supply chains in the aviation industry, even before formal policies are enacted, a senior executive has said. Speaking at the Future Hospitality Summit 2025 in Riyadh, Steven Greenway, CEO of Saudi Arabia’s low-cost airline flyadeal, explained that as aircraft components are sourced globally, geopolitical shifts are likely to impact logistics, manufacturing, and planning across the sector.
Closing Bell: Saudi main index slips to close at 11,346

4 days ago | arabnews.com | Reem Walid

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 17.52 points, or 0.15 percent, to close at 11,346.59. The total trading turnover of the benchmark index was SR3.32 billion ($896 million), as 108 of the stocks advanced and 128 retreated. The Kingdom’s parallel market, Nomu, also lost 508.04 points, or 1.82 percent, to close at 27,423.45. This comes as 30 stocks advanced while 45 retreated.
Jordan’s exports to GAFTA countries rise 12.2%

4 days ago | arabnews.com | Reem Walid

RIYADH: Jordan’s exports to countries in the Greater Arab Free Trade Area rose 12.2 percent year on year to 515 million Jordanian dinars ($726 million) by the end of February, amid strong demand for key goods. According to official statistics reported by the Jordan News Agency, or Petra, the rise from 459 million dinars in the same period of 2024 was driven by increased shipments of fertilizers, medicines, and fresh and frozen agricultural products.
GCC central banks hold interest rates steady for 3rd time following Fed’s move

1 week ago | arabnews.com | Reem Walid

RIYADH: Gulf Cooperation Council central banks have kept interest rates steady for the third consecutive period, mirroring the US Federal Reserve’s decision to hold its benchmark rate between 4.25 percent and 4.5 percent. As most currencies in the region are pegged to the US dollar, monetary policy follows the decisions taken in Washington, with policymakers opting to lock the rate at the level it has been since December.
Saudi, Egypt step up investment ties with incentives across key sectors

1 week ago | arabnews.com | Reem Walid

RIYADH: New incentives to boost trade, investment, and cooperation were discussed at the Saudi-Egyptian Business Forum in Cairo. Organized by the Federation of Saudi Chambers and Egypt’s General Authority for Investment and Free Zones on May 5, the business forum focused on sectors including industry, real estate development, tourism, and special economic zones, the Saudi Press Agency reported.
Closing Bell: Saudi main index slips to close at 11,411

1 week ago | arabnews.pk | Reem Walid

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 132.17 points, or 1.14 percent, to close at 11,411.50. The total trading turnover of the benchmark index was SR3.5 billion ($944.3 million), as 41 stocks advanced and 198 retreated. Similarly, the Kingdom’s parallel market Nomu lost 116.45 points, or 0.41 percent, to close at 28,013.32. This comes as 30 of the listed stocks advanced while 39 retreated.
Closing Bell: Saudi main index slips to close at 11,411

1 week ago | arabnews.com | Reem Walid

Jeddah unveils 29 real estate projects across industrial, residential, retail sectors /node/2599513/business-economy May 04, 2025 16:31 Jeddah unveils 29 real estate projects across industrial, residential, retail sectors RIYADH: Jeddah Municipality has announced 29 new investment opportunities across more than 1.4 million sq. meters, targeting sectors such as commercial, industrial, residential, and recreation.
Qatar welcomes over 1.5m international visitors in Q1 2025

1 week ago | arabnews.com | Reem Walid

RIYADH: Qatar received more than 1.5 million international visitors in the first quarter of 2025, according to newly released figures, as the country continues to push forward with its comprehensive tourism strategy anchored in major events, strategic partnerships, and diverse travel offerings. While slightly below the 1.6 million visitors recorded during the same period in 2024, the latest numbers highlight Qatar’s sustained momentum in attracting global travelers.