Egypt
Egypt’s annual inflation jumps to 16.5% in May
Egypt’s annual inflation rate surged to 16.5 percent in May, up from 13.5 percent in April, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS).
Saudi Arabia’s non-oil revenues up by 9% in Q1 of 2024
1 min Mena Today
Saudi Arabia’s non-oil revenues rose by 9 percent to reach SR111.51 billion ($29.73 billion) in the first quarter of 2024 as compared to the same period in 2023, the Ministry of Finance said.
Oil revenues rose 1.9 percent as compared to the first quarter of 2023 © Mena Today
Saudi Arabia’s non-oil revenues rose by 9 percent to reach SR111.51 billion ($29.73 billion) in the first quarter of 2024 as compared to the same period in 2023, the Ministry of Finance said.
In its quarterly budget performance report, the ministry said the Kingdom posted total revenues of SR293.43 billion in the same quarter, while its public spending amounted to SR305.82 billion.
According to official data, total revenues increased 4 percent as compared to Q1 of 2023.
In the first quarter of the current year, the Kingdom posted a budget deficit of SR12.39 billion with oil revenues reaching SR181.92 billion.
The report added that oil revenues rose 1.9 percent as compared to the first quarter of 2023.
The Kingdom allocated SR26.79 billion for municipal services in the first quarter of 2024, up 157 percent as compared to the same period in 2023.
Related
Saudi Arabia
Over a Million Muslims Begin Hajj Amid Scorching Heat
More than one million Muslim pilgrims began the annual Hajj pilgrimage in Mecca on Wednesday, with Saudi authorities stepping up safety measures after last year’s tragedy, when over 1,300 people died due to extreme heat.
Israel
Foreign investment rises in Israeli markets
Foreign investors returned to the Tel Aviv Stock Exchange in force last month, increasing their holdings despite ongoing conflict in Gaza and heightened regional tensions. Net foreign purchases reached an estimated NIS 2.5 billion ($700 million) in May, with much of the capital concentrated in the banking sector.
Subscribe to our newsletter
