Iraq produces more than 5 million barrels of oil per day (bpd), Oil Minister Basim Mohammed told state news agency INA on Saturday. According to Reuters, Iraq…
Central bankers around the world would need to consider any slowdown in AI-driven growth as they assess steps in their fight against inflation, International…
World food prices edged lower in October as weaker import demand contributed to monthly declines in cereal, dairy and meat prices, but were still nearly 6%…
Copper dropped on Friday and was set for its biggest weekly drop in London since March, as a rout in technology stocks battered markets. Benchmark three…
Iraq’s Oil Minister Ihsan Abdul Jabbar announced Saturday that Iraq would rely on green energy to invest in gas and produce renewable energy. During his…
Egypt would not have been able to confront the repercussions of the COVID-19 pandemic had it not undertaken many reforms, said a World Bank official. The…
Presenting the mega investment opportunities available in Saudi Arabia, Investment Minister Khalid Al-Falih on Friday stressed that investment prospects in the…
Oil rose towards $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and as US-China trade…
EU competition regulators on Friday gave the green light to Alitalia's successor Italia Trasporto Aereo (ITA) and also ordered the Italian flag carrier to…
Abu Dhabi Ports and shipping company CMA CGM Group have formed a joint venture and signed a 35-year concession agreement to develop and operate a new terminal…
The Gulf Cooperation Council (GCC) member states, including Saudi Arabia, have recently passed several amendments to the GCC Unified Customs Law, official…
The Ministry of Environment, Water, and Agriculture has announced holding the first Middle East Poultry Exhibition and Conference under the theme: …
Africa Finance Corporation (AFC) has welcomed Egypt as its newest member state. Egypt’s Prime Minister, H.E. Dr Mostafa Madbouly, committed North Africa’s most…
Saudi Aramco has announced a significant expansion of its industrial investment program, Aramco Namaat, with the signing of 22 new Memoranda of Understanding …
The World Defense Show, the global defense and security event to be held in Riyadh, has already allocated 85 percent of its space amid a broad international,…
Oil prices were little changed on Wednesday following overnight losses from a stronger dollar and demand concerns, with a slow production restart in the US…
Dubai International Financial Centre (DIFC) has achieved its ‘2024 Strategy’ growth targets three years ahead of schedule. The total number of active…
State-backed holding company ADQ said on Tuesday it plans to list Abu Dhabi Ports Co on Abu Dhabi Securities Exchange (ADX) before the end of the year. The…
Abu Dhabi Investment Authority (ADIA) sees technology and climate change as key investment areas for its post-COVID-19 strategy, it said in its 2020 annual…
An economic gathering revealed the formation of a government committee that includes the Capital Market Authority, the Ministry of Commerce, the Small and…
Saudi Aramco inaugurated the first fiberglass rebar plant in the Kingdom, which is expected to localize the industry and reduce steel rebar consumption, as a…
The Saudi Ministry of Education, represented by the General Department of Investment and Privatization, signed a memorandum of understanding (MoU) with the…
Spain was set to launch its first ever green bond on Tuesday, leading a flurry of such issuances expected in September. The 20-year bond sale will raise 5…
El Salvador on Tuesday becomes the first country in the world to accept bitcoin as legal tender, despite widespread domestic skepticism and international…
UAE plans to launch 50 new economic initiatives to boost the country's competitiveness and attract 550 billion dirhams ($150 billion) in foreign direct…
The Islamic Development Bank (IsDB) Group, the AAA-rated multilateral development bank of the Muslim world, has announced $1.2 billion in funding commitments…
Saudi Arabia's non-oil private sector continued to grow in August, a business survey by IHS-Markit showed. The seasonally adjusted IHS Markit Saudi Arabia…
France's Total will build four giant energy projects in southern Iraq under a $27 billion deal signed in Baghdad on Sunday, the country's oil minister said. …