Middle-east Arab News Opinion | Asharq Al-awsat

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Jobseekers stand in line to talk with a recruiter at a booth at a job fair in Riyadh in this January 29, 2012 file photo. REUTERS/Fahad Shadeed/Files

National Investment Fund of $92 Billion to Invigorate Saudi Economy

by Asma Al-Ghabiri | Oct 5, 2017 | Business

Jeddah — The establishment of the National Development Fund (NFD) was meant to ensure new incentives for the Saudi economy with a capital of SAR 345 billion ($ 92 billion) pumped into the new fund. The fund encompasses five other minor associate funds: the real estate...

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Saudi Arabia’s central bank governor Ahmed Al-Kholifey gestures during a news conference in Riyadh on Wednesday, Photo taken by : Saad al-Anzi, Asharq Al-Awsat

Saudi Arabia Studies Issuing Three Banking Licenses, Establishing a Digital Currency

by Nayef Al-Rasheed | Oct 5, 2017 | Business

Riyadh – The Saudi Arabian Monetary Agency (SAMA) expected positive growth rates for the Saudi economy over the upcoming period, confirming that the national economy achieved a 1.7% growth so far, compared to last year’s 3.5%. SAMA’s report highlighted the...

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Egyptian officials during their meeting with the AfDB delegation in Cairo on Wednesday. Asharq Al-Awsat

Egyptian Discussions with AfDB on Last Tranche of Loan

by Asharq Al-Awsat | Oct 5, 2017 | Business

Cairo- Egyptian officials have discussed with a delegation from the African Development Bank the signing of the third and last $500 million tranche of a $1.5 billion AfDB loan. The discussions took place between Minister of Investment Sahar Nasr and Minister of Water...

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French Development Agency’s Commitments to Tunisia to Reach 1.2 Billion Euros

by AlMunji alSaidani | Oct 5, 2017 | Business

Tunis- The French Development Agency (AFD) has renewed its EUR 1.2 billion commitment to finance projects over the next five years. In a statement to TAP on the sidelines of a press conference held on Monday to celebrate the agency’s 25th anniversary, AFD...

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Jordan’s Finance Minister Omar Malhas delivering his speech on state budget bill for 2017. Petra

Strong Demand by Investors for Jordan’s ‘Eurobonds’

by Mohamed Al-Daameh | Oct 4, 2017 | Business

Amman- Jordan has successfully issued $1 billion worth of Eurobonds on international markets at an interest rate of 7.375 percent and under a maturity period of 30 years, according to a Ministry of Finance statement. Underwriting applications for the bonds surpassed...

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A two-story, three-bedroom stone villa that blends into the mountains in Zilia, Corsica, is on the market for $1.76 million. Credit Rebecca Marshall for The New York Times

Sluggish Housing Market Draws Buyers to Corsica

by Alison Gregor | Oct 4, 2017 | Business

Corsica- This two-story stone villa with a roof terrace sits in the rocky hills of northern Corsica, a French island. The 2,152-square-foot home was constructed in 2008 on a lot of more than half an acre and has three bedrooms and three bathrooms. The property...