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…
OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs. The group crucially agreed new…
Egypt improved its position in the 2021 Coursera Global Skills Report, ranking among the top 10 competitive countries in the Middle East and North Africa …
Prime Minister Hichem Mechichi briefed G7 ambassadors and the EU ambassador to Tunisia on the economic recovery law, which was approved by parliament earlier…
Decades after Saudi Arabia closing stores and shops during prayer times, businesses are now allowed to stay open during those timings, according to a Friday…
The World Bank said that leaders of 23 African countries on Thursday called for a largest-ever $100 billion replenishment of the International Development…
The McLaren Group announced a 550-million-pound ($758 million) equity investment on Friday with much of it coming from Saudi Arabia’s Public Investment Fund …
With Eid Al-Adha 2021 around the corner, Saudis planning to observe the traditional animal sacrifice on the Islamic holiday show growing interest in buying…
Oil prices changed little on Friday, heading for their biggest weekly drop since March after supply concerns spooked investors, with OPEC likely to add more…
Global electricity demand is growing faster than renewable energy capacity can be rolled out and will require more power to be generated from the burning of…
Saudi Arabia’s annual inflation rate rose to 6.2% in June, the highest this year, from 5.7% in May, official data showed on Thursday. June marked a third…
The UAE's Ministry of Energy and Infrastructure said that its deliberations with OPEC+ regarding changing the baseline of the oil output are still underway. …
Abu Dhabi National Oil Company (ADNOC) announced an investment of $763.7 million (AED2.8 billion) in integrated rigless services across six of its artificial…
The Governor of the Saudi Central Bank (SAMA), Fahad Al-Mubarak, expected a growing recovery amid the ongoing vaccination campaign against the coronavirus and…
Morocco aims to increase tax revenues to better finance public policies and cut the fiscal deficit, its finance minister told Reuters on Wednesday, after the…
Over the last year, the Saudi Authority for Industrial Cities and Technology Zones (MODON) has been working under a strategy in harmony with the programs…
The UAE’s clean energy firm Masdar announced Tuesday that it is expanding its footprint in Uzbekistan, with the signing of agreements to develop two…
Egypt's Finance Minister Mohamed Maait said that Egypt is considering issuing bonds linked to sustainable development. The country is also aiming to expand…
The National Center for Privatization and PPP (NCP) and the Saudi Grains Organization (SAGO) announced on Tuesday the sale of the Second Milling Company and…
The number of companies licensed by Saudi Arabia’s General Authority for Military Industries (GAMI) increased by 41 percent and reached 99 by the end of H1…
An Egyptian official declared Monday that the country plans to expand the construction of nuclear plants to generate electricity to meet the surging…
Moroccan Minister of Economy and Finance Mohamed Benchaaboun has submitted before the parliamentary Finance and Economic Development Committee a bill on…
Dubai announced on Monday that an Arbitral Tribunal of the London Court of International Arbitration (LCIA) has ruled against Djibouti’s port company, Port de…
Matarat Holding announced the completion of the institutional transformation of Al-Ahsa Airport and Al Qaisumah/Hafr al Batin Airport, in eastern Saudi Arabia…
The Tunisian parliament on Monday approved an economic recovery law that allows people to open foreign currency accounts for the first time and also permits…