Business and Markets News
QNB Tunisia Strengthens Outstanding Balances in H1 2026, Reinforcing Customer Confidence
QNB Tunisia significantly strengthened its outstanding balances during the first half of 2026, reinforcing customer confidence and maintaining positive commercial momentum. The performance comes as QNB Group reported 8% growth in loans and advances and a 4% increase in customer deposits year-on-year.
Business and Markets News
Kuwait to Announce Demand for Non-Kuwaiti Teachers in October
Kuwait is preparing to announce its demand for non-Kuwaiti teachers in October, following the recruitment of national staff. The expected shortages are concentrated in mathematics, physics, chemistry and biology, while eight other specializations face teacher surpluses.
Business and Markets News
Tunisia’s National Railway Company Advances North–South Railway Project
Tunisia’s National Railway Company has issued a call related to the North–South railway project, marking another step toward modernizing the country’s rail network and strengthening connections between regions, ports and economic and logistics centers.
Business and Markets News
UAE Suspends All Trade and Financial Transactions with Iran
The UAE has suspended all trade, commercial exchanges and financial transactions with Iran until further notice following renewed security tensions and the detection of two ballistic missiles launched from Iran, potentially reshaping economic ties between the two countries.
Business and Markets News
Tunisia Ranks 75th Globally and Third in Africa in the 2026 Legatum Prosperity Index
Tunisia ranks 75th out of 161 countries in the 2026 Legatum Prosperity Index and third in Africa, ahead of Morocco and Algeria. Switzerland leads the global ranking, while Tunisia’s results show significant differences across health, education, living standards, freedom and development.
Business and Markets News
Aramco and Ma’aden Form Joint Venture to Explore Minerals in Saudi Arabia
Saudi Aramco and Ma’aden have signed an agreement to establish a joint venture focused on mineral exploration in Saudi Arabia, targeting copper, zinc, lead and rare earth elements across an area of approximately 182,000 square kilometers. Ma’aden will hold 51% and Aramco 49%, subject to regulatory approvals.
Business and Markets News
Gulf Banks Expand Into Africa as Competition for the Continent’s Financial Markets Intensifies
Gulf banks are accelerating their presence across Africa, with UAE, Saudi and Qatari lenders seeking opportunities in infrastructure, energy, trade and corporate finance. While the widely cited $260 billion figure requires verification, the broader expansion of Gulf financial and investment capital across Africa is becoming increasingly significant.
Business and Markets News
Algeria Records a Third Record Peak in Electricity Consumption in 2026
Algeria has recorded another record peak in electricity demand in 2026, with consumption exceeding 21,000 MW amid an intense heatwave and increased use of air-conditioning, putting additional pressure on the national power system.
Business and Markets News
The Gulf Deepens Its Investment Footprint in Africa, Led by the UAE
Gulf capital is rapidly expanding across Africa, led by the UAE, whose reported investments exceed $110 billion. Saudi Arabia and Qatar are also strengthening their positions in energy, infrastructure and critical minerals. As hundreds of billions of dollars in investments and commitments reshape the continent, Africa is emerging as a major new frontier for Gulf capital and global economic competition.
Business and Markets News
Emirates Expands Casablanca Connectivity as Morocco Strengthens Its Position on the Global Aviation and Tourism Map
Stronger Emirates connectivity between Dubai and Casablanca is reinforcing Morocco’s position on the global aviation and tourism map. Beyond tourism, the route provides a strategic economic bridge connecting Gulf investment and business networks with Morocco, Africa, Europe and Asia.
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