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…
A dispute over production levels caused the cancellation of the OPEC+ meeting, which was scheduled to be held on Monday. A row erupted at the meeting last…
Saudi real estate market showed a growth in the number of new housing units by 29 percent, according to official data. Construction of over 106,000 new…
Saudi Arabia’s “Flyadeal,” a low-cost airline owned by the flag carrier Saudia, revealed it would be drafting strategic plans for boosting the connectivity of…
Saudi Arabia plans to increase the number of international aviation routes from 99 to over 250 and more than triple total annual passenger traffic from 109…
Turkish annual inflation jumped to a two-year high of 17.53% in June, exceeding a forecast of 17% and continuing an extended rise after a brief dip,…
The Saudi Arabian Monetary Authority (SAMA)’s indicators have shown a recovery in imports in the Kingdom. A recent drop to record lows in Saudi Arabia’s…
Green financing linked to sustainability projects in the Middle East and North Africa region increased by 38 percent and reached $6.4 billion in the first half…
Qatar Petroleum made agreements with TotalEnergies to acquire stakes in three offshore exploration blocks in South Africa. Under the terms of the…
Saudi Energy Minister Prince Abdulaziz bin Salman on Sunday voiced neutrality towards the OPEC+ meeting scheduled for July 5 but reaffirmed that the Kingdom’s…
Egypt’s Suez Canal earned revenue of $3 billion in the first six months of 2021, canal authority official revealed on Sunday. The record is up 8.8 percent…
The Ministry of Energy and Infrastructure has affirmed that the UAE is a longstanding and committed member of OPEC, and OPEC+, and has been a reliable partner…
Despite the host of dire repercussions it caused, the coronavirus pandemic did positively impact domestic tourism, especially in Saudi Arabia. After a year of…
Egypt’s tourism revenues were between $3.5 billion to $4 billion during the first half of 2021 and the country received about 3.5 million tourists from January…
As part of its active strategy for unlocking more markets for its exports, Saudi Arabia is eyeing the Taiwanese market for its dates and dairy trades. The…
The board of directors of Saudi Arabia’s National Debt Management Center has approved the appointment of Hani AlMedaini as acting CEO, NDMC said in a statement…
The International Monetary Fund on Thursday said it had released $206 million to Jordan and approved Amman's request to expand the program by $200 million to…
Israel’s newly-elected Prime Minister Naftali Bennett approved the immediate sale of 50 million cubic meters of water to Jordan, to be followed by another 50…
A US IT company urged customers to shut down their servers Friday after cyberattackers smuggled ransomware onto its network platform. Kaseya said Friday…
DP World has announced the acquisition of 100 percent of syncreon for an enterprise value of $1.2 billion. The transaction is subject to customary…
Returns for Kuwait's sovereign fund, the Future Generations Fund, grew 33% in the year to March 31, the finance ministry said on Twitter. The fund is…
The UAE and Israeli flag-carriers announced a codeshare cooperation deal on Thursday, the latest sign of deepening ties between the two nations following…
OPEC+ delayed its ministerial meeting until Friday to hold more talks on oil output policy, OPEC+ sources said on Thursday. OPEC+ sources earlier said the…
Sudan has increased fuel prices for the first time since subsidies were removed, energy minister Jadein Ali Obeid said on Thursday. The price of gasoline…
The Saudi Capital Market Authority (CMA) approved the request of the International Company for Water and Power Projects (ACWA POWER) application for public…