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…
Pyramids, Tutankhamun masks, Nefertiti busts -- Egypt's souvenir-makers are pinning their hopes on a new lease of economic life, after tourism was battered by…
Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, held talks in Riyadh on Wednesday with US Special Presidential Envoy for…
Dubai-based Emirates airline on Tuesday posted a $5.5 billion annual loss, its first in more than three decades, after the coronavirus pandemic devastated the…
Egypt and Saudi Arabia agreed on Monday to develop and enhance joint cooperation in a wide range of productive and service sectors, especially trade, industry,…
The UAE and the US held talks that focused on using climate change action to drive regional and global growth. The Special Envoy for Climate Change and…
The Saudi Arabian Mining Company (Maaden) has completed utilities commissioning on a $900 million ammonia plant in Ras al-Khair industrial City. …
Saudi and Emirati officials have discussed joint issues in the financial and investment sector, to follow up on strategic initiatives in various fields. …
Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased COVID-19 vaccinations help lift travel curbs. …
Egypt has signed 1.7 billion euros ($2.06 billion) worth of deals with France to finance projects in the transportation, infrastructure, electricity and…
Lebanon's currency crashed past a milestone on Sunday reaching a new low against the dollar, as the country's financial meltdown and political deadlock linger…
Iraq’s oil ministry aims to raise the capacity of Iraqi refineries and reduce gasoline import rates by up to 50 percent before the end of 2021, said the oil…
Dubai’s non-oil foreign trade grew by 10 percent in Q1 2021, amounting to AED354.4 billion ($96.4 billion), compared to AED323 billion ($87.9 billion) during…
After flying into the financial turbulence of the Covid pandemic, the airline sector expects passenger traffic to take off despite concerns about the industry…
A Saudi official revealed the signing of agreements with four international consultants to implement the projects of the General Program for the Geological…
Egypt’s Prime Minister Mustafa Madbouly inaugurated on Friday the first forum of heads of African investment agencies in Sharm El-Sheikh. Held under the…
Iraq’s oil sector is rebounding after a catastrophic year triggered by the coronavirus pandemic, with key investment projects on the horizon, Iraq’s oil…
Last month, Softbank made headlines around the world after it reported a whopping $45.8 billion net profit for the fiscal year that ended in March, largely…
Saudi Arabia topped the "Consumer Confidence in Local Economy Trends" index compared to the 23 countries, according to the Global Consumer Confidence Index:…
Oil demand is set to rise above pre-pandemic levels by the end of next year, the IEA said Friday, but producers have sufficient capacity rise to the challenge…
The Central Bank of Egypt (CBE) has signed Thursday a Memorandum of Understanding (MoU) with the Central Bank of the UAE (CBUAE) to strengthen supervisory…
Sudan will not lift subsidies this year on wheat, cooking gas or furnace oil, which is used to produce electricity, finance minister Jibril Ibrahim said on…
Algeria expects its economy to grow by 4.2% in 2021, revising up a 4% forecast announced late last year, as the OPEC member predicts better performance in the…
The Saudi Shura Council called for allowing non-resident foreigners to own real estate in the Kingdom while coordinating with the relevant authorities to set…
Gulf Cooperation Council (GCC) Secretary-General Dr. Nayef al-Hajraf said that the start of post-pandemic economic recovery requires joint efforts from both…