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 Arabia's debt capital market, the largest in the Middle East, is set to grow and take on a larger role in financing Vision 2030, revealed a credit report…
The latest Saudi efforts to optimize and restructure government agencies to speed the implementation of the national transformation plan “Vision 2030” saw the…
Royal Dutch Shell has informed Tunisian authorities it will hand back upstream concessions and leave the country next year as it turns its focus to renewable…
Sudan said on Wednesday it had cleared its arrears to the African Development Bank through a $425 million bridge loan provided by Britain, Sweden and Ireland,…
Tunisia's most powerful labor union rejects reported reforms proposed by the government as part of efforts to secure foreign financing, one of its most senior…
The Arab Petroleum Investments Corporation (APICORP) estimates the overall planned and committed investments in the Middle East and North Africa (MENA) region…
Saudi Arabia’s ACWA Power has signed an implementation agreement with Uzbekistan’s Ministry of Investments and Foreign Trade and Ministry of Energy for a wind…
Business activity in Saudi Arabia's non-oil private sector hit a three-month high in April and employment rates hit a five-month high, a survey revealed on…
Tunisia will cut its public sector wage bill and replace subsidies with direct support for the needy, according to a government reform proposal written to…
Saudi Arabia reduced its budget deficit to 7.4 billion riyals ($1.97 billion) in the first quarter of the year, the finance ministry said on Tuesday, as the…
Pfizer Inc on Tuesday forecast $26 billion in sales of the COVID-19 vaccine this year, an increase of more than 70% from its last projection and a reflection…
Dubai's tourism chief on Tuesday said he was very optimistic business and leisure travelers would return this year, though the pandemic made it difficult to…
Saudi Arabia is planning to sell its grain silos as part of the kingdom's privatization drive after the sales of the flour mills last month were completed with…
Energy giant Saudi Aramco on Tuesday posted a 30 percent jump in first quarter profits, in a sign of recovery from last year's oil market crash fuelled by the…
Emirates plans to operate around 70% of its normal capacity this winter thanks to an expected increase in international travel as countries ease coronavirus…
The $2.2 trillion global Islamic finance industry is expected to grow 10 percent -12 percent over 2021-2022 due to increased Islamic bond issuance and a modest…
The International Monetary Fund (IMF) projected Saudi Arabia’s real GDP growth at 2.1 percent this year, noting that the real non-oil GDP growth recovery is…
Iraq is considering buying ExxonMobil's stake in the southern West Qurna 1 oilfield through state-owned Basra Oil Co (BOC), the country's oil minister said on…
Global consultancy firms stress that initiatives, projects, and strategies recently announced by Saudi Crown Prince Mohammed bin Salman require that operating…
Despite the world not yet settling the debate on whether politics or economy should have the upper hand whenever the two fields intersect, cooperation between…
The Central Bank of the UAE (CBUAE) has issued a new regulation covering licensing, prudential and conduct requirements for specialized banks. The…
Spending in the first quarter of 2021 period dropped 2.73 percent, Oman’s Finance Ministry said in its monthly bulletin on Saturday. Public revenue totaled…
Official reports have revealed that higher directives approved assigning the Saudi Space Commission (SSC) as the authority overseeing the implementation of a…
Turkey’s tourism sector has incurred huge losses during Q1 2021, in light of the remarkable decline in foreign tourist arrivals and revenues, data showed on…