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…
Saudi Fozan signed an agreement with the National Housing Development Organization (Sakan) to provide 178 housing units, valued at $18.1 million, to provide…
Egypt’s Minister of Petroleum and Mineral Resources Tarek el-Molla discussed with President for Regions and Corporate Relations at Bechtel Corporation Stuart…
Saudi Arabia announced on Tuesday a plan to explore investment opportunities in the space industry. Newly appointed Chairman of the Board of Directors of…
Russia, Iraq, Iran, the United States, Algeria, Venezuela and Nigeria remain the top seven gas flaring countries for nine years running, since the first…
Oil demand dropped last month as the coronavirus surged in India and elsewhere, the International Energy Agency said Wednesday. Nevertheless, the…
GFH Financial announced Tuesday its financial results for Q1 2021, which ended on March 31. The Group reported net profit attributable to shareholders of …
The Suez Canal Authority (SCA) plans to expand and deepen the southern stretch of the waterway where a container ship became jammed and blocked traffic for six…
Specialists hailed the directives of Saudi Crown Prince Mohammad bin Salman to increase the allocation of new residential lands by an area of 20 million square…
To optimize the experience of Muslim pilgrims visiting holy sites in Saudi Arabia this year’s Hajj season, local Hajj and Umrah guides have upped their…
With the imminent lifting of subsidies on basic supplies, a fuel crisis emerged in Lebanon in parallel with a further increase in the prices of food products,…
The International Monetary Fund (IMF) executive board approved on Monday a financing plan to help mobilize resources needed for the fund to cover its share of…
Saudi Arabia's economy shrank 3.3% in the first quarter from a year earlier, hit by oil output cuts, but the non-oil economy expanded 3.3%, recovering from the…
G7 countries should invest $10 trillion to stoke an investment-driven recovery that puts COVID-19 vaccines in arms and triggers a sweeping energy…
Egypt’s Financial Regulatory Authority (FRA) has revealed that licensed insurance companies will provide insurance policies for citizens traveling abroad. …
Israel will sign a free trade agreement with South Korea this week, marking the first such arrangement with an Asian market, Israel's economy ministry said on…
Jarmo Kotilaine, Chief Economic Advisor of the Bahrain Economic Development Board (EDB) and Vice President of the Bahraini Tamkeen Fund, said that Gulf…
Lebanon has entered the fifth month of exceptional management of the public budget, according to the twelve-month rule that allows disbursement and collection…
The International Monetary Fund said on Friday it had reached a staff-level agreement with Sudan on completion of the second and final review under its staff…
German companies defied the coronavirus crisis to increase their exports for the eleventh month in a row in March, data from the Statistics Office showed on…
Japan Airlines posted an annual net loss of $2.6 billion Friday but did not release a forecast for the current financial year, citing uncertainty around the…
The Mubadala Investment Company said it achieved in 2020 a total comprehensive income (TCI) attributable to the owner of AED72 billion for the year, compared…
Bahrain’s Chamber of Commerce and Industry on Thursday revealed its members are anticipating a $2.9 billion surge in spending once the King Fahd Causeway re…
Turkey's central bank held its key interest rate steady at 19% as expected on Thursday and repeated a pledge to keep it above inflation, which the bank expects…
A Lebanese judge has ordered a protective freeze of some properties and company stakes of 14 individuals with links to some of Lebanon’s biggest banks, a move…