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…
Egypt’s Minister of Finance Mohamed Maait expected his country to join JPMorgan’s Government Bond Index Emerging Markets (GBI-EM) suite within a maximum period…
Asila bint Salim Al Samsami, undersecretary of the Oman’s Ministry of Commerce, Industry, and Investment Promotion for Investment Promotion, has revealed the…
Bitcoin tumbled more than 4% on Friday after Turkey’s central bank banned the use of cryptocurrencies and crypto assets for purchases citing possible …
The Binladin International Holding Group, one of the Middle East’s biggest construction companies, is witnessing remarkable progress in its debt restructuring…
Oil rose above $67 a barrel on Friday, gaining for a fifth session, as a stronger demand outlook and signs of economic recovery in China and the United States…
Turkey’s central bank held rates steady at 19 percent as expected on Thursday, in its first decision since President Recep Tayyip Erdogan fired the former…
Syria devalued the pound on Thursday, bringing the currency's official exchange rate closer to the black market rate, two days after the central bank governor…
Saudi Arabia’s Council of Ministers approved on Tuesday a set of amendments to the executive regulations of the White Land Tax (WLT) program, in a move that…
Major Gulf stock markets closed higher on Wednesday, with the rise in oil prices after a revised forecast of demand for crude, while the Egyptian Stock…
Vaccine rollouts are brightening the outlook for global oil demand, the International Energy Agency (IEA) said on Wednesday, though rising cases in some major…
Tim Callen, the International Monetary Fund’s Mission Chief to Saudi Arabia, said that the Saudi economy has made a major stride towards digital transformation…
After the Saudi government has recently approved a comprehensive strategy for the real estate sector, official information revealed an initiative within the…
The United Arab Emirates’ shipping and maritime logistics unit of the Abu Dhabi National Oil Company (ADNOC) has acquired two Very Large Crude Carriers (VLCCs)…
The Makkah region branch of the Ministry of Human Resources and Social Development has signed a nationalization agreement for the Saudi pharmacies sector with…
In light of Saudi Arabia's efforts to increase the participation of the private sector in the new initiatives to boost the Kingdom’s economy, investment and…
Kirsty Gogan, Managing Director, Managing Partner at LucidCatalyst, said that the UAE, through the commencement of commercial operations of the Barakah Nuclear…
Saudi Arabia was elected president of the Digital Cooperation Organization (DCO) and Saudi national Deemah Alyahya was appointed the first secretary-general of…
Saudi Electricity Company (SEC) has installed 10 million smart electricity meters all over the Kingdom, of which four million were built from locally…
The International Monetary Fund said on Sunday countries in the Middle East and Central Asia need to curb their financing requirements, as a surge in…
Saudi Minister of Finance and acting Minister of Economy and Planning Mohammed Al-Jadaan affirmed the Kingdom’s commitment to accelerate the process of…
The Saudi General Authority for Foreign Trade informed the private sector that the double tax agreement (DTA) signed with Switzerland has come into force,…
Sudan will receive $400 million from Saudi Arabia and UAE to fund agricultural production inputs for this year’s summer and winter seasons, the state-news…
Saudi Arabia is steadily moving towards developing its heritage and cultural economies with Crown Prince Mohammed bin Salman launching the Kingdom’s masterplan…
Lebanon cannot pull itself out of its economic crisis without a new government to transform the country and launch long-stalled reforms, a senior official at…