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…
Workers dig and ferry wheelbarrows laden with sand to open a new shaft at a bustling archaeological site outside of Cairo, while a handful of Egyptian…
Egypt’s Minister of Finance Mohamed Maait has confirmed that 400 major import companies have joined the country’s new Advanced Cargo Information (ACI) customs…
An Egyptian court on Saturday postponed a hearing in a compensation case filed by the Suez Canal authority against the owners of a container ship that blocked…
France's budget deficit is expected to reach around 220 billion euros ($268.16 billion) this year as a result of various support measures for the coronavirus…
The Biden administration is unlikely to remove tariffs on Chinese goods in the short term, but China and the United States might find a middle ground by…
Iraq is building a new oil pier off its southern coast, financed by Japan, that's expected to boost exports and imports of crude-derived products and increase…
The Central Bank of Bahrain (CBB) gave instructions on Thursday to postpone all loan installments for individuals and companies until December 2021. It…
A strong Turkish economic rebound this year hinges on “robust” monetary policy given high inflation and the potential for external shocks as the US Federal…
Lebanon’s central bank said on Thursday it could not keep up its imports of subsidized medical goods without using its mandatory reserves and asked the…
In partnership with the World Bank, Saudi Arabia made a pledge of USD100 million for the establishment of a global fund to support tourism, as the first…
Abu Dhabi National Oil Company announced the successful closing of its offering of approximately 375 million shares in ADNOC Distribution, approximately 3…
The World Food Program said on Wednesday it is tripling its assistance to Lebanon, offering cash assistance to nearly 300,000 people amid an unparalleled…
The World Tourism Organization (UNWTO), a United Nations agency, chose Riyadh for its first regional office in the Middle East and outside the Madrid…
Flydubai has announced the launch of two new summer routes. The Dubai-based carrier will operate three weekly flights to Mykonos International Airport (JMK)…
Egypt’s cabinet approved on Wednesday a funding agreement with the International Bank for Reconstruction and Development worth $362.9 million to develop the…
IMF staff on Tuesday announced they had reached an agreement with Egypt over an economic program that would release the final tranche of a $5.2 billion loan…
Russian Deputy Prime Minister Alexander Novak on Tuesday offered to work with Saudi Arabia on hydrogen production, speaking during an online meeting of the…
Oil prices were steady on Wednesday as concerns a possible resumption in Iranian supply would cause a glut were offset by hopes for stronger US fuel demand…
Oman’s Sultan Haitham bin Tariq has announced new directives to create up to 32,000 full and part-time government jobs, according to Oman's state news agency. …
With its economy hit hard by the pandemic, Tunisia is counting on Russians and eastern Europeans to salvage its tourist sector whose employees fear hunger more…
The Red Sea Development Company (TRSDC), the operator of the giant Red Sea tourism project in western Saudi Arabia, seeks to plant more than 15 million plants…
Saudi Finance Minister Mohammad Al-Jadaan revealed that the Kingdom was seeking to collect USD55 billion from the privatization project over the next four…
Tunisia and Libya agreed on boosting investment, overcoming difficulties and restoring trade during a visit by Prime Minister Hichem Mechichi to Tripoli aimed…
The Central Bank of Jordan said Monday that the tourism revenues have dropped by 77.6 percent in Q1 of 2021 and reached TND175.3 million ($247.2 million)…