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…
Tourism-reliant Tunisia said Friday the first holiday charter planes since last summer had begun to return to the country, despite stiff restrictions imposed…
The euro zone economy dipped into a second technical recession after a smaller than expected contraction in the first quarter, but is now firmly set for…
OPEC oil output has risen in April as higher supply from Iran countered involuntary cuts and agreed reductions by other members under a pact with allies, a…
Tunisia will seek a $4 billion loan program from the International Monetary Fund (IMF) in talks starting next week, Prime Minister Hichem Mechichi told Reuters…
Dubai-based port operator DP World has launched a global wholesale e-commerce platform, which was first available in Rwanda, with plans to expand across Africa…
On the same day it announced a plan to realign product sales and marketing with Saudi Aramco, the Saudi Basic Industries Corp (SABIC) reported first-quarter…
Major Chinese investors are in talks to buy a stake in Saudi Aramco, several sources told Reuters on Wednesday, as Saudi Arabia's state oil firm prepares to…
Turkey's central bank responded to a lira slide by raising its year-end inflation forecast on Thursday to 12.2% from 9.4%, and its new governor said tight…
Algeria announced on Thursday that the heads of all the country's six state banks had been replaced, amid efforts to develop the banking sector as part of…
Egypt’s central bank left its overnight interest rates unchanged on Wednesday. The central bank’s monetary policy committee (MPC) kept the overnight…
Saudi Tadawul Group, the owner and operator of the country's stock market, said on Wednesday it appointed JP Morgan, Citigroup and the securities arm of Saudi…
Saudi Arabia’s Red Sea Development Company (TRSDC) has secured a $3.77 billion ‘green’ loan from four Saudi banks. The company said that the 15-year term…
Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, revealed on Tuesday that the Kingdom was in discussions to sell 1% of…
Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, listed on Tuesday the achievements of the Kingdom’s Vision 2030, saying…
Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, said on Tuesday that the Kingdom had no plans to introduce income tax…
OPEC, Russia and their allies will stick to plans for a phased easing of oil production restrictions from May to July amid upbeat forecasts for a recovery in…
Figures released by Bahrain’s e-Government and Information Authority reaffirmed that trade with Saudi Arabia grew in Q1 2021, amounted to $789 million and…
Some of Turkey's biggest banks are reluctant to finance President Recep Tayyip Erdogan's planned Istanbul canal due to environmental concerns and the…
Egypt expects its borrowing needs to rise by 7.1 percent to EGP1.068 trillion ($68.1 billion) in the financial year 2021/22 that will begin in July, according…
Saudi Finance Minister Mohammed al-Jadaan revealed that the Kingdom could save over $200 billion over the next decade by replacing liquid fuel used for…
Turkey's lira slid on Monday to near an all-time low as a chill settled on relations with the United States, and after the new central bank chief signaled that…
Tunisia has asked the International Monetary Fund for a new financing program, the IMF said on Sunday, as the country prepared to begin talks with the global…
The Dubai Multi Commodities Center (DMCC) plans to launch a cacao center that aims to make Dubai a global hub for trade in the bean, the Dubai government's…
National development projects launched under “Vision 2030” in Saudi Arabia are witnessing remarkable and steady progress as they move forward from planning to…