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…
Yahsat announced plans to proceed with an IPO to list and trade its shares on Abu Dhabi Securities Exchange (ADX). The IPO will take place in the third…
Morocco plans to raise revenue from non-phosphate mining to more than 15 billion dirhams ($1.7 billion) by 2030 from 6.5 billion dirhams in 2020 by…
The Kingdom of Saudi Arabia ranked first worldwide in three international indicators, during the COVID-19 pandemic in 2020 and 2021, the peak of the pandemic. …
Dubai International Airport will reopen Terminal 1 and Concourse D on June 24 for the first time since their closure in March 2020 due to the coronavirus…
Egypt’s Minister of Trade and Industry Nivine Gamea announced that the country’s non-oil exports recorded a significant increase of 19 percent in the first…
Iraq expects oil prices to reach $80 per barrel, the country’s state news agency reported on Sunday, citing an oil ministry spokesman. The spokesperson,…
The Dubai Airshow, this year’s biggest aerospace trade show and a spectacle for business deals worth billions of dollars, will be held under capacity…
Sudan has sufficient strategic stocks of wheat and flour to last until April 2022, the cabinet said on Sunday. Sudan’s economy is in crisis and it has…
Dubai’s state airport operator is hoping for a “flood” of travelers as the coronavirus pandemic eases, targeting passenger traffic through Dubai International…
Egypt is seeking to deepen ties with the Islamic Development Bank, announced Minister of Planning and Economic Development Dr. Hala el-Saeed. Saeed is the…
Sudan on Thursday signed nine concession agreements for gold and copper mining with eight local and foreign companies, the state news agency SUNA said. All…
Aramco and an international investor consortium, including EIG and Mubadala, announced Friday the successful closing of the share sale and purchase agreement,…
A government report revealed on Thursday that the number of establishments operating in the contracting sector grew by six percent, a new indicator that the…
Ratings agency Fitch announced that Turkish firms are vulnerable to currency fluctuations, due to the weak monetary policy credibility, high global inflation…
Egypt’s Electricity and Renewable Energy Ministry announced on Thursday it is fully prepared to meet the power needs of public charging stations for electric…
The Council of Saudi Chambers submitted a proposal to open a Russian bank in Riyadh, in a move aimed at facilitating trade and economic exchange between the…
The UAE GDP is expected to grow by 2.4 percent in 2021 and 3.8 percent in 2022 while the non-oil GDP to expand by around 4 percent in both years, according to…
Saudi Aramco announced on Thursday that it has succeeded in raising $6 billion from its first dollar-denominated Islamic bond sale to major institutional…
Oil prices fell for a second straight session on Friday as the US dollar soared on the prospect of interest rate hikes in the United States, but they were on…
The Saudi Authority for Industrial Cities and Technology Zones (MODON) launched an incentive package to encourage companies list shares on the Saudi Stock…
Experts have predicted that the decision to merge Saudi Arabia’s Public Pension Agency (PPA) into the General Organization for Social Insurance (GOSI) will…
ACWA Power announced receiving the Makkah Excellence Award for Rabigh 3 for water desalination based on reverse osmosis technology. The new desalination…
Lebanon’s banks, which once powered the economy by sucking in billions of dollars of deposits from abroad, are shedding staff, watching loan books shrink and…
Abu Dhabi’s Mubadala Investment Co. is enlarging its regional footprint in the healthcare sector with the purchase of a 60 percent stake in UEMedical, an…