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…
Turkey removed one of four central bank deputy governors on Tuesday, two months after President Recep Tayyip Erdogan fired the central bank governor. …
Lebanon's central bank chief Riad Salameh said on Monday that depositors' money was safe in the country's banks and they might soon be able to access some of…
Sudan’s Finance Minister Gibril Ibrahim said the World Bank approved a $2 billion grant to be invested in development projects including water, agriculture,…
Oil prices rose on Monday as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply, while Goldman Sachs said the case…
The second version of Nitaqat, the Saudi Ministry of Human Resources and Social Development’s Saudization program, has been launched with a goal to provide 340…
The United Arab Emirates has asked to host the COP 28 international conference on climate change in 2023, Foreign Minister Sheikh Abdullah Bin Zayed Al Nahyan…
Saudi Arabia’s Ministry of Tourism announced the appointment of Gloria Guevara Manzo, former Tourism Minister in Mexico and former President of the World…
Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change said the UAE is well positioned to provide low…
Foreign airlines on Friday made preparations to resume services to Tel Aviv hours after Israel and Hamas reached a truce after the worst violence in years. …
Tunisia’s central bank governor said on Friday there was no alternative to the country agreeing a program with the International Monetary Fund, warning that…
Saudi Arabia’s NEOM is planning to launch its first hotel by the end of 2022, and it will open up to 15 hotels between 2023 and 2025, before ramping up the…
Fugitive auto tycoon Carlos Ghosn must repay nearly five million euros in wages to Nissan-Mitsubishi, a Dutch court ruled Thursday as it threw out his own…
With the recent re-opening of the King Fahd Causeway linking the Kingdom of Bahrain to Saudi Arabia, following a closure of more than a year, experts expect an…
The UAE Ministry of Economy announced that the amended Commercial Companies Law will come into effect on June 1, allowing foreign investors and entrepreneurs…
Shares in Egypt's largest investment bank EFG Hermes rose 3.5% on the country's stock exchange on Thursday, a day after the cabinet approved its acquisition of…
Oil prices fell on Thursday after a slump in the previous session, as rising US stockpiles added to concerns about a hit to demand from surging coronavirus…
Tunisia’s financial situation is critical, but the government has no intention of requesting a rescheduling of its foreign debt, Finance Minister Ali Kooli…
As the banking sector in Saudi Arabia continues to achieve remarkable growth, HSBC Group announced that it has agreed to transfer its asset management, retail…
The United Arab Emirates has signed a 3.5 billion dirham ($950 million) contract with Abu Dhabi Ship Building (ADSB) to manufacture four new patrol vessels for…
Morocco’s tourism sector has been “gravely affected” by the coronavirus pandemic, said Minister of Tourism Nadia Fettah Alaoui during a session at the…
Funding the second phase of the Red Sea Development Company is being considered through an initial public offering (IPO), asset sales, or tap debt markets,…
The Abu Dhabi National Oil Company (ADNOC) announced Tuesday the details of an investment worth to $318 million (AED1.16 billion) to connect newly drilled…
The United Arab Emirates is seeking to shift towards producing hydrogen from sources of fossil fuel, which currently costs about $1.50/kg, said UAE’s Energy…
Saudi Arabia actively participated in the Arabian Travel Market exhibition, currently held in Dubai, as it opened its airspace for citizens travelling abroad,…