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…
The occupancy rate of Egypt's hotels, which are running at half capacity due to COVID-19 regulations, was between 40% and 45% in the first quarter, an official…
Dubai’s foreign trade in 2020 touched AED1.182 trillion ($322 billion), with total trade volume in 2020 reached 100 million tonnes, driven by a 6% year-on-year…
Italy's virus-hit economy is expected to grow 4.1% this year and 4.2% in 2022 in an "uncertain ascent from the abyss", the country's business lobby…
JPMorgan said it had placed Egypt and Ukraine under review for inclusion in its widely tracked Government Bond Index Emerging Markets (GBI-EM) suite. In the…
Reinsurers will likely bear most of the expense for the grounding of a giant container ship that halted shipping traffic through the Suez Canal last month…
Saudi Aramco has entered into a $12.4 billion deal with a consortium of investors led by EIG Global Energy Partners that would give the investor group a 49%…
Under the patronage of Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Chairman of the Supreme Committee for Energy Mix Affairs, Saudi Energy…
The Association of Banks in Lebanon (ABL) issued a statement on Thursday, denouncing “a campaign of accusations” by the political class, after a recent speech…
A French delegation of government officials, diplomats, and investors concluded their visit to Saudi Arabia by signing an agreement to boost bilateral…
Riyadh and Paris are launching a new phase for developing their shared strategic partnership in various economic, investment and trade fields, reported a…
The International Monetary Fund expects most Gulf economies to recover this year at a faster pace than previously estimated, as it raised its 2021 global…
Saudi Arabia has taken a qualitative leap forward in property protection and monitoring with the country’s cabinet approving on Wednesday a set of regulations…
Secretary-General of Saudi Export Development Authority (Saudi Exports) Faisal Al-Bedah revealed on Wednesday that more than 850 companies have applied to…
Saudi developer ACWA Power has finalized agreements for the 200MW Kom Ombo solar plant in Egypt, with construction work set to begin later this year. A 25…
Kuwait's sovereign wealth fund has reached an initial agreement with Kuwait Petroleum Corporation (KPC) on new payment terms for over $20 billion in accrued…
Malls, supermarkets, restaurants and cafes in Saudi Arabia must increase their percentage of local hires, the Kingdom’s ministry of human resources and social…
Saudi Crown Prince Mohammed bin Salman, Chairman of the Royal Commission for AlUla, launched on Wednesday a visionary masterplan that sets to responsibly and…
Saudi Arabia’s stock exchange has converted itself into a holding company and will be renamed Saudi Tadawul Group ahead of its initial public offering (IPO)…
The International Monetary Fund (IMF) expects the Saudi economy to grow in 2021 and 2022, projecting the gross domestic product (GDP) to increase 2.9 percent…
The Saudi Basic Industries Corporation (SABIC) - the world’s fourth largest petrochemical firm - signed on Tuesday a memorandum of understanding with the Saudi…
United Arab Emirates President Sheikh Khalifa bin Zayed has appointed Khalid al-Tameemi as governor of the UAE’s central bank, state news agency WAM said,…
Saudi Arabia is aiming to invest around $16 billion in the National Renewable Energy Program, according to a report issued by the Business Support Observatory…
Abu Dhabi-listed food and beverage company Agthia Group on Wednesday said its board has approved an indirect acquisition of three quarters of Egypt's Ismailia…
The Emirates Nuclear Energy Corporation (ENEC) announced on Tuesday that the Unit 1 of Barakah Nuclear Energy Plant has started commercial operations. …