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Saudi Arabia Reports Growth in Non-Oil Exports 

In June 2025, non-oil exports, including re-exports, grew by 22.1% compared to the same month of the previous year. (SPA)
In June 2025, non-oil exports, including re-exports, grew by 22.1% compared to the same month of the previous year. (SPA)
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Saudi Arabia Reports Growth in Non-Oil Exports 

In June 2025, non-oil exports, including re-exports, grew by 22.1% compared to the same month of the previous year. (SPA)
In June 2025, non-oil exports, including re-exports, grew by 22.1% compared to the same month of the previous year. (SPA)

The General Authority for Statistics (GASTAT) released on Monday its International Merchandise Trade Statistics Bulletins for June and the second quarter of 2025, revealing continued growth in non-oil exports.

In June 2025, non-oil exports, including re-exports, grew by 22.1% compared to the same month of the previous year. Non-oil national exports alone increased by 8.4%, while the value of re-exported goods rose significantly by 60.2%.

Total commodity exports increased by 3.7% in June 2025, despite a 2.5% decline in petroleum exports. As a result, the share of petroleum exports fell to 70.2% of total exports, down from 74.7% in June 2024.

The trade surplus also improved by 10.6% in June 2025 compared to the previous year. Chemical products topped the list of non-oil exports, while machinery and electrical equipment were the leading imports. China remained the Kingdom's main trading partner in June 2025.

For the second quarter of 2025, non-oil exports increased by 17.8% compared to the same period in 2024. Non-oil national exports rose by 5.6%, while re-exported goods grew by 46.2%.

However, total commodity exports declined by 7.3% in Q2 2025 compared to Q2 2024 due to a 15.8% decrease in petroleum exports, reducing their share to 67.9%.

The trade surplus decreased by 56.2% in Q2 2025, but the ratio of non-oil exports to imports improved to 37.3%.

As in June, chemical products and machinery were the top non-oil exports and imports, respectively, with China continuing to be the primary trading partner in Q2 2025.

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Egypt Imposes Business Curfew to Counter Soaring Fuel Costs

Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)
Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)
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Egypt Imposes Business Curfew to Counter Soaring Fuel Costs

Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)
Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)

Egypt has ordered shops, restaurants and shopping malls to close from 9:00 pm from Saturday, hoping to curb energy bills that have more than doubled because of the Iran war.

Prime Minister Mostafa Madbouly announced the curfew and said it would last for a month initially.

"Shops, shopping centers, restaurants and cafes will all close at 9:00 pm on weekdays," he said, adding that on Thursdays and Fridays at the weekend they will be allowed to stay open until 10:00 pm, Reuters reported.

The premier said that before the war, Egypt's monthly energy bill was $560 million. Today, for the same quantity, he said Egypt is paying $1.650 billion.

Madbouly said Cairo must work on the "worst-case scenario" in the face of a war whose outcome is unpredictable.

Tourism Minister Sherif Fathy said the new restrictions "will not affect tourists" or flagship destinations, a statement from his office said.

At the beginning of March, Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz, the crucial shipping route now virtually paralysed by the war.

Around a fifth of global crude oil and liquefied natural gas passes through the waterway in peacetime.

The rerouting of shipping away from the Suez Canal is also depriving Cairo of a vital source of foreign currency.

Business

Turkish Central Bank Forex Sales since Start of Iran War Close to $45 Billion

Turkish Central Bank (official website)
Turkish Central Bank (official website)
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Turkish Central Bank Forex Sales since Start of Iran War Close to $45 Billion

Turkish Central Bank (official website)
Turkish Central Bank (official website)

The Turkish Central Bank's balance sheet for this week will show foreign exchange sales amounting to near $20 billion, bringing the total forex sales since the beginning of the Iran war to nearly $45 billion, bankers said, Reuters reported.

According to calculations made by four bankers, based on preliminary data for the first part of the week and their estimates for the rest of the week, the central bank's balance sheet will show $18-21 billion in foreign exchange sales.

Bankers said that although $8 billion of the total $20 billion was made before a public holiday last week, this figure will be reflected in the balance sheet on the first day of this week.

The central bank sold $26 billion in foreign exchange in the first three weeks of the war, using its gold reserves as well, resulting in a $35 billion decrease in its net reserves.

Business

Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port

Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port
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Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port

Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port

The Saudi Ports Authority (Mawani) has announced the addition of the RSX service by Marsa Ocean Shipping to Jeddah Islamic Port, featuring a capacity of up to 372 TEUs and connecting Jeddah with the regional ports of Aden, Hodeidah, and Djibouti, SPA reported.

This expansion aligns with the National Transport and Logistics Strategy, aiming to enhance the Kingdom’s operational efficiency and its ranking in global performance indicators.

As a primary gateway, Jeddah Islamic Port utilizes its 62 multipurpose berths and specialized terminals to support a total capacity of 130 million tons, reinforcing Saudi Arabia’s position as a global logistics hub connecting three continents.