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 on Saturday detained the chief of one of the country’s biggest cryptocurrency firms after launching a manhunt for the founder of another exchange who…
Egypt is aiming for tourism revenues of $6 billion-$7 billion in 2021, the deputy tourism minister told Reuters. Tourism revenue, a key source of foreign…
The ceiling of estimates on the demand and the acceleration of commercial movement in the various economic sectors during the holy month of Ramadan increased…
Members of the Saudi Shura Council have urged Minister of Commerce Dr. Majid al-Qasabi to empower the e-commerce sector. They demanded incentives and…
Tunisia is preparing to head to the International Monetary Fund (IMF) in May to persuade the Fund to support its domestic economic reforms programs. Prime…
Bahrain King Hamad bin Isa Al Khalifa issued a Royal Decree on Friday appointing Nasser bin Hamad Al Khalifa as chairman of the Oil and Gas Holding Company …
The Governor of the Madinah region, Prince Faisal bin Salman bin Abdulaziz, inaugurated a number of projects in the Knowledge Economic City (KEC) and witnessed…
ADES International Holding, a leading oil and gas drilling and production services provider in the MENA, accepted the acquisition offer presented by Innovative…
Egypt and Sudan signed a memorandum of understanding to set up a joint company focused on animal and agricultural production. The company would have a …
Saudi Arabia has successfully jumped five places to rank 81st in the global Energy Transition Index (ETI), according to the latest edition of the World…
Bahrain’s Industry, Commerce, and Tourism Minister Zayed Bin Rashid Al-Zayani held on Wednesday a phone conversation with Israeli Minister of Tourism Orit…
France is prepared to grant a bridge loan of up to $1.5 billion to clear Sudan's arrears to the International Monetary Fund and bring the country a step closer…
The United Arab Emirates central bank said it has extended until mid-2022 some stimulus measures introduced last year to mitigate the impact of the coronavirus…
China's crude oil imports from top supplier Saudi Arabia rose 8.8% in March from a year earlier, driven by strong demand and as shipments delayed due to a port…
Egypt is one of three MENA economies that will see GDP growth return to pre-covid levels in 2021, Fitch Solutions analysts said on Tuesday. “The Central…
A virtual forum held by Saudi Arabia’s National Center for Privatization & PPP (NCP) on Monday was attended by 100 Chinese investors and companies interested…
Moody's has assigned first-time issuer ratings to Saudi Real Estate Refinance Company (SRC) of A2. SRC's baa3 BCA reflects the company's solid asset quality…
Saudi Arabia’s crude oil exports fell to their lowest in eight months in February, the Joint Organizations Data Initiative (JODI) said on Monday. Crude…
Dubai Aerospace Enterprise (DAE), one of the world's biggest leasing companies, on Tuesday announced an order for 15 Boeing 737 MAX 8 jets worth $1.8 billion…
The Royal Commission for the City of Riyadh (RCRC) has lifted the suspension of development on large parts of endowed lands north of King Salman Road, as part…
Tunisia’s Tourism Minister Habib Ammar announced resuming flights to tourist destinations starting April 19. Ammar said that resuming trips will take place…
Abu Dhabi-based technology company Group 42 (G42) has formed a joint venture with Israel's state-owned Rafael Advanced Defense Systems to commercialize…
The Central Bank of Iraq announced Sunday that Iraq will not be included in the British classification of high-risk countries. In a statement, the bank said…
Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic…