Jasem Albudaiwi, secretary-general of the Gulf Cooperation Council (GCC), said on Sunday that the signing of the General Agreement on the GCC Railway Project…
Mega projects in Saudi Arabia are offering increasing opportunities for small and medium-sized factories to expand their businesses and integrate into local…
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…
Overseas businesses selling colorful handwoven rugs and vivid handblown glass from Afghanistan are concerned for their suppliers as the Taliban's takeover of…
Prime Minister Mustafa Al-Kadhimi stated that Iraq was looking forward to establishing a joint industrial and commercial zone with Kuwait to further develop an…
Egypt will begin issuing sukuk, or sharia-compliant Islamic bonds, in the first half of 2022, the finance ministry said in a statement on Tuesday. The exact…
Abu Dhabi National Oil Company (ADNOC) said Monday it had signed framework agreements worth up to $1 billion (3.67 billion AED) for Concept and Front-End…
Majid Al Futtaim announced AED 15.6 billion ($4.2 billion) in revenues for the first six months of 2021, marking a 10 percent decline from the same period last…
The results of the Saudi firms listed at Tadawul witnessed a four-fold rise in Q2 of the current year. Net profit totaled 129.5 billion riyals ($34.5…
Saudi Arabia will exempt small and medium enterprises (SMEs) from commerce fees register for three years as the Kingdom plans to boost the number of startups…
Small and Medium Enterprise (SME) confidence across most sectors is on the rise, even though different sectors were exposed to and impacted in diverging ways…
Libya needs to boost oil output by almost 40 percent of its current level to cover its spending needs and begin revamping the economy, Libya’s central bank…
Lebanese fuel prices soared by up to 70 percent Sunday after yet another subsidy cut, official figures showed, heaping more pressure on people struggling to…
Algeria's gross domestic product (GDP) grew 2.3% in the first quarter of this year helped by a better performance from the energy sector, official data showed…
Lebanese President Michel Aoun said the government treasury will bear the cost of the continuation of fuel subsidies that was decided on Saturday. The…
Saudi Arabia Remains Top Oil Supplier to China Saudi Arabia remained the largest supplier of crude oil to China for the ninth consecutive month in July, but…
Egypt is continuously strengthening power linkage lines with neighboring countries such as Jordan, Sudan, and Libya, announced Minister of Electricity Mohamed…
Egypt succeeded in securing the strategic stock of commodities despite the negative repercussions of the coronavirus crisis on the local and global markets,…
Afghanistan's economy could shrink by as much as 20% this year and its currency may slide further than it already has following the Taliban's takeover, Fitch…
Saudi Arabia, represented by the Ministry of Energy, announced on Thursday the allocation of two plots of 12 million square meters for the development of two…
Saudi Arabia signed on Wednesday an agreement to reinforce food security initiatives under the National Transformation Program. The Kingdom inked the deal…
The demand for the subsidized residential real estate financing program in Saudi Arabia jumped 11% in H1 2021 at time when the Real Estate Development Fund…
SNB Capital, the investment banking arm of Saudi National Bank, has partnered with global investments company BNY Mellon to offer global securities services to…
Oil prices fell for a sixth day in their longest losing streak since February 2020, as a spike in COVID-19 cases worldwide fueled fears of lower fuel demand…
Despite its swift takeover of the government in Afghanistan, the Taliban will not have access to most of the nation's cash and gold stocks, while the IMF…
The Saudi Export-Import Bank revealed a strategy to boost openness to the business sector to maximize the competitiveness of the Saudi product in global…
At a time when the Saudi sovereign fund’s investments in the US markets increased, the Kingdom reduced its holdings of US bonds by $8.6 billion, around 6.3%,…