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…
Oil prices steadied on Wednesday after four days of declines with investors still worried about the outlook for fuel demand as the use of rail, air and other…
At the Sidi Bahri market in Tunis, shoppers were pleased with the president’s attacks on corruption and high prices since he seized control of the government…
Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, has closed its third Private Equity fund, MIC Capital Partners III (Fund III)…
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has inaugurated the 300 megawatt (MW) first stage of the 900MW fifth…
Saudi Aramco is looking to raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, higher than the $12.4 billion raised…
Egypt’s private sector is considering boosting green hydrogen production, the clean energy of the future, through its local production and distribution. MAN…
The Saudi authorities approved the National Center for Performance Measurement “Adaa” recommendation to have all government agencies commit to submitting the…
A decade after Libya descended into chaos, a host of countries are eyeing potential multi-billion-dollar infrastructure projects in the oil-rich nation if…
The Saudi Authority for Industrial Cities and Technology Zones (MODON) attracted qualitative industries to the Kingdom over the last year despite the…
Saudi Arabia and Somalia are deliberating the latter presenting the Kingdom with a feasibility study for a fishery investment project in the East African state…
Lebanese central bank governor Riad Salameh maintained his innocence amid allegations of corruption, saying in a radio interview on Saturday that his…
Israel and the United Arab Emirates, which normalized relations a year ago, are looking to Dubai's Expo world fair in October to boost bilateral trade, which…
Lebanese President Michel Aoun called an emergency meeting to discuss a worsening fuel crisis on Friday but was rebuffed by the prime minister as political…
Saudi Energy Minister Prince Abdulaziz bin Salman stressed that the kingdom was not part of the climate change crisis, emphasizing that the Kingdom is working…
UAE hospital operator NMC said on Wednesday its companies will begin the process of exiting the administration process in Abu Dhabi, creating a new entity…
Saudi authorities allowed the Public Prosecution to issue a travel ban against the violators of the provisions of the anti-commercial fraud law until the final…
Saudi Arabia welcomed several new investments during the first quarter of this year, despite the impact of the coronavirus pandemic on global economies. The…
Dubai International Airport, the world's busiest airport for international travel, handled some 40% less passenger traffic in the first half of 2021, compared…
Algerian President Abdelmadjid Tebboune ordered the government to sell stakes in state-owned companies and banks as part of the long-awaited economic reforms. …
Abu Dhabi's Etihad Airways on Tuesday said its core operating losses halved in the first half of the year to $400 million and that its liquidity position had…
Oil prices rose on Tuesday, edging up from a three-week low in the previous session, but gains are likely to be limited on worries that rising COVID-19 cases…
Saudi Arabia said on Monday it posted a deficit of 4.6 billion riyals ($1.23 billion) in the second quarter, a huge drop from 109.2 billion riyals reported in…
A report issued by the US Frost & Sullivan, which is specialized in studies and consulting, expected that the travel and tourism sector in the Gulf countries…
Saudi Arabia's oil-producing company, Aramco, announced Sunday a net income of around $47 billion for the first half of the year, double what it earned over…