Economy & Business

There are moments in history when nations redefine not only their economies, but their identity. For Saudi Arabia, that moment arrived when the limitations of oil dependency became clear. What followed was not a reactive adjustment—but one…

There is a moment in every nation’s transformation where vision stops being aspiration—and becomes execution. For Saudi Arabia, that moment is being defined by the structure behind Saudi Vision 2030—a system not built on announcements, but…

The Financial Engine Behind a Nation’s Transformation In the architecture of Saudi Arabia’s Vision 2030, capital is not just a resource—it is a strategy. At the center of that strategy sits the Saudi National Bank, the Kingdom’s largest…

In the architecture of Saudi Arabia’s Vision 2030, capital is not just a resource—it is a strategic instrument. And at the center of that instrument sits Sanabil Investments, a wholly owned arm of the Public Investment Fund, operating with…

TRIPOLI — Libya’s oil sector has reached a major milestone, with production climbing to its highest level in more than a decade, signaling renewed momentum in one of Africa’s most critical energy markets. According to officials, national…

HARARE — Zimbabwe has introduced a new series of banknotes as part of a broader effort to rebuild public trust in its local currency, marking another step in the country’s ongoing monetary reforms. The newly launched BiG5 banknote series,…

LAGOS, Nigeria — Africa’s largest refinery, the Dangote Refinery, is ramping up exports of refined fuel and fertiliser across the continent, positioning itself as a critical stabilising force amid ongoing global energy disruptions. Owned…

Saudi Arabia’s Public Investment Fund Program 2021–2025 is not just an investment document. It is a state-backed blueprint for how capital can be used to build sectors, create jobs, localize technology, strengthen strategic partnerships,…

Abuja — Nigeria is planning to raise up to $5 billion through a structured financing arrangement with Abu Dhabi-based First Abu Dhabi Bank, as global market volatility and rising borrowing costs push governments…

Johannesburg — South African President Cyril Ramaphosa has appointed Ngobani Johnstone Makhubu as the new commissioner of the South African Revenue Service (SARS), marking a key leadership transition at the country’s tax authority. Makhubu…