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…
Head of the Saudi Oversight and Anti-Corruption Authority (Nazaha) Mazin Al-Kahmous said the establishment of the Global Network of Anti-corruption Law…
It would be premature to talk about potential overheating in the global oil market before seeing higher demand, Russia’s RIA news agency quoted Saudi Energy…
Egyptian Minister of Planning and Economic Development Hala el-Saeed said that growth rates during the third quarter of 2020-2021 went up by 2.9 percent. …
The UAE and Japan are looking to put together a business council to improve the partnership between the Emirati and Japanese business communities towards…
Saudi Arabia’s ACWA Power signed a memorandum of understanding (MoU) with Neutral Fuels for future collaboration on the supply of its net zero biofuel for the…
Saudi Arabia's key stock market briefly suspended trading Wednesday over what it referred to as a technical glitch, restoring its services in about a half hour…
OPEC and its allies stuck to their plan to cautiously bring back oil supply to the markets in June and July, but did not mention production plans for August. …
President Recep Tayyip Erdogan said late on Tuesday that Turkey needs to lower interest rates and he had spoken to the central bank governor earlier in the day…
Morocco’s trade deficit shrank by 4.2% to 62.7 billion dirhams ($7.11 billion) in the first four months of 2021, the foreign exchange regulator said on Tuesday…
Iraqi oil exports stood at about 2.9 million barrels per day (bpd) in May, little changed from the previous month, the country’s oil ministry said on Tuesday. …
Israel plans to open an economic attaché office in Abu Dhabi this summer to attract foreign investment and boost economic relations with Gulf states and the…
Lebanon's economic collapse is likely to rank among the world's worst financial crises since the mid-19th century, the World Bank said in a damning report…
Israeli carrier Israir said on Tuesday it would start flights from Tel Aviv to Marrakesh next month following an improvement of ties in recent months between…
A recently published international report showed striking optimism around Saudi economic growth hitting 2.8% in 2021 as the coronavirus vaccination campaign…
Fifteen French companies discussed in Riyadh on Monday cooperation opportunities in the fields of technology, modern industries, agricultural production,…
Dubai plans to make public transport in the emirate emissions-free by 2050, the government's media office said on Monday. “The Roads and Transport Authority…
Governments in the Gulf Cooperation Council (GCC) could unlock $400 billion of socio-economic value through the adoption and deployment of sustainable mobility…
Fitch Ratings has affirmed Jordan's Long-Term Foreign-Currency Issuer Default Rating (IDR) at “BB-” with a Negative Outlook. The Negative Outlook reflects…
Israel and the United Arab Emirates signed a tax treaty on Monday, Israel’s Finance Ministry said, describing the move as a spur to business development…
A Sudanese bank on Monday launched an investment fund offering what it said was the country’s first green sukuk — or bonds compliant with Islamic banking…
New data revealed a remarkable recovery in the projects market of Gulf Cooperation Council states during Q1 2021. This was traced back to the value input of…
The Red Sea Development Co. (TRSDC) inaugurated the first desalination plant using solar and wind energy in Saudi Arabia, as part of efforts to preserve the…
The Saudi Fund for Development (SFD) announced signing a finance agreement with the National Bank of Iraq (NBI) to provide SAR37.5 million ($10 million) in…
Lebanon's national airline will require payment for tickets in US dollars based on the central bank's latest exchange rate from June 1, Chairman Mohamad El…