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…
Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, announced that it signed a strategic agreement…
The Saudi General Authority for Competition received demands to increase knowledge on the conditions of competition and procurement in the public and private…
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said the OPEC+ alliance has a role in “taming and containing” inflationary pressures, just hours…
Saudi Arabia is considering developing an industrial zone in Oman, and the two Gulf states have discussed the possibility in investment talks, the Saudi Press…
Oil prices inched higher on Friday, and were on track for a fifth consecutive weekly gain, on expectations that demand growth would outstrip supply and OPEC+…
The International Monetary Fund (IMF) executive board on Wednesday said it had approved Egypt's request for a $1.7 billion loan, its final disbursement under a…
Alpha Dhabi Holding, a subsidiary of International Holding Co, intends to list on Abu Dhabi Securities Exchange (ADX) on Sunday. The offering was expected…
The approval of a financing card to provide some help to the Lebanese to buy basic commodities is still encountering some obstacles as parliamentarians are…
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the countdown for Expo 2020 Dubai, which…
Keeping up with aspirations for developing the Saudi finance sector, the Saudi Cabinet gave the Kingdom's finance minister the green light to issue licenses…
The Bitcoin Fund debuted on the Nasdaq Dubai on Wednesday, becoming the Middle East's first listed cryptocurrency fund. The fund, which was listed by…
Abu Dhabi state investor Mubadala has bought a 2.6% stake in Russia’s En+ Group, which owns 56.9% in aluminum producer Rusal, Mubadala and En+ said on…
Oman will start granting long-term residence visas to foreign investors, state media said on Wednesday. Oman's initiative, effective from September, grants…
Kuwait’s National Assembly approved Tuesday the government budget for the fiscal year 2021-2022, despite a standoff between members of the parliament. …
The Saudi Shura Council’s Economy and Energy Committee urged the Commerce and Investment Ministry to overcome obstacles inhibiting the launch and operation of…
Saudi Samba Financial Group, which recently merged with the National Commercial Bank, began transferring customers' accounts to the new National Bank of Saudi…
With the Saudi economy set on a dynamic track to return to pre-pandemic levels, the Saudi central bank (SAMA) said on Tuesday it is extending a deferred…
US airlines are scrambling to ramp back up to meet soaring travel demand that has transformed America's airports from cavernous to crowded almost overnight. …
The International Monetary Fund (IMF) said on Tuesday it has secured sufficient financing pledges to allow it to provide comprehensive debt relief to Sudan,…
Saudi Arabia will merge two state-run pension and unemployment insurance funds into one entity with almost USD 29 billion of local and foreign stocks. The…
An Omani official said that Muscat was keen to manage strategic partnerships with Riyadh in various fields, including industrial cities, logistics services,…
Saudi Arabia’s Red Sea Development Company (TRSDC) signed a Master Research Agreement (MRA) with King Abdullah University of Science and Technology (KAUST). …
With the Saudi economy continuing to soar in across-the-board global indicators, the Kingdom’s digital ecosystem also joined the upward trend by getting…
Bilateral trade volume between China and the Arab countries reached USD 239.8 billion in 2020, making China the largest trading partner of Arab countries,…