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…
Kuwait's budget deficit increased 174.8% in the 2020-21 year to 10.8 billion dinars ($35.5 billion), the finance ministry said on Saturday, noting it was the…
Saudi Arabia is seeking to advance its partnership in the field of innovation and technical and digital transformation with a number of G20 countries. …
Iraqi Finance Minister Ali Allawi announced that the 2022 budget, which the ministry began preparing a few days ago, will have a reform dimension, as it …
The first cancellations from tourists booked onto one of Ozkan Selcuk’s cruises off Turkey’s southern coast came when the forests near where he takes visitors…
Oil prices edged higher on Friday but remained on track for their biggest weekly decline since March on concerns over the impact on fuel demand from travel…
Dubai Investments on Thursday reported a 47 percent surge in net profits to AED302 million for the six months ended 30th June 2021, compared to AED205 million…
Turkey's lira sank 1% on Thursday on rate cut fears, while a hawkish tone from a top US Federal Reserve official sent an index of emerging market shares lower…
Petrochemicals giant Saudi Basic Industries Corp (SABIC) revealed on Thursday that it swung to a whopping SAR 12.5 billion ($3.3 billion) quarterly profit…
Saudi Arabia raised the September official selling prices (OSPs) for the flagship Arab light crude to $3 a barrel above the Oman/Dubai average for Asia,…
Blue Whale Acquisition Corp I, a special purpose acquisition company formed by an affiliate of Mubadala Capital, announced on Wednesday the price of its…
Oil prices declined towards $70 a barrel on Thursday as more countries imposed fresh movement restrictions to counter a surge in COVID-19 cases, though Middle…
Saudi Arabia announced on Wednesday the operation of the first wind turbine to produce electricity in the Kingdom, marking a new era of serious transformation…
Gulf Cooperation Council (GCC) economies are expected to return to an aggregate growth of 2.2 percent in 2021, according to the World Bank. In its latest…
The Abu Dhabi National Oil Company (ADNOC) announced that, in partnership with Fertiglobe, it had sold its first cargo of blue ammonia to Itochu in Japan for…
The Saudi Authority for Industrial Cities and Technology Zones (MODON) announced that it has increased the number of its industrial cities to 36 by the end of…
The Royal Commission for AlUla (RCU) signed a memorandum of understanding with the National Center for Palms and Dates (NCPD) to boost the palm and date sector…
The United Arab Emirates and China agreed to share intelligence to fight money laundering and terrorism financing, the Financial Intelligence Unit of the UAE…
Oil rose on Tuesday on expectation of a continuous decline in US oil inventories, recouping some losses from the previous session due to lingering concern over…
Investments worth SAR 630 million ($168 million) have been channeled to Saudi startups in H1 2021, achieving a whopping 65% growth rate compared to the same…
President Kais Saied has hailed the assistance of several “friendly countries” to Tunisia as it grapples with its economic crisis. He said contacts were…
Saudi officials have held a series of meetings in search for cooperation opportunities in digital economy, space and innovation. Saudi Minister of…
Chairman of Sudan’s Sovereignty Council Lt Gen Abdel Fattah al-Burhan stressed that his country welcomes US investments, ahead of the two-day visit of Andrew…
The Egyptian Stock Exchange will lift the limit on intraday share price moves to 20 percent from September, the bourse said on Sunday. With this decision,…
Global stocks started the week higher Monday, even as China reported a slowdown in manufacturing activity and countries continued to be hammered by the delta…