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…
An international index revealed on Monday that the commercial conditions in the non-oil-producing private sector in Saudi Arabia continued to improve at the…
Saudi Arabia’s Umm Alqura for Development and Construction (UAQ) said the cost of implementing the infrastructure development phases for the next decade and…
The Saudi Shura Council asked the Expenditure Efficiency and Projects Authority to work with the National Center for Performance Measurement (Adaa) to study…
The Federation of Gulf Cooperation Council Chambers of Commerce (FGCCC) on Sunday launched the first-ever official integrated digital platform designed to…
Oman has borrowed 600 million rials ($1.56 billion) from its sovereign fund, the Oman Investment Authority, and another 1.77 billion rials through external and…
Egypt’s balance of trade deficit shrank by 17.9 percent year-on-year (YoY) in January to $13.5 billion, according to the country’s statics agency. The…
Turkey's annual inflation climbed above 16% in March for the first time since mid-2019, data showed on Monday, piling pressure on new central bank governor…
Saudi authorities issued new regulations for maritime transportation and handling of nuclear and radioactive materials to, from, and through Saudi Arabia,…
Oil prices slipped on Monday, paring strong gains made in the previous session after OPEC+ agreed last week to gradually ease some of its production cuts…
Morocco allocated $450 million to support investments in agriculture for 2021, a seven-percent increase compared to 2020, according to the Ministry of…
The average public debt in the Middle East and North African (MENA) countries is expected to increase in 2021 due to the COVID-19 pandemic, a World Bank report…
Iraqi Airways plans to start direct flights to the United Arab Emirates' capital Abu Dhabi on May 1, the state-run Iraqi News Agency reported on Sunday, citing…
Lebanon must be willing to implement some real changes in order to get international funding assistance, according to the World Bank’s Middle East and North…
Dubai aims to increase the contribution of creative arts to the emirate’s GDP to 5% from 2.6% within the next five years, Dubai’s ruler said on Saturday. …
A little over a year after the coronavirus pandemic having hit markets around the world, signs of recovery are on the horizon for pilgrimage-centered economies…
Ailed by a snowballing fuel and economic crisis, Syrians have backslid to outdated modes of transportation like riding horses and mules to get around the…
Petrol and diesel prices in Sudan rose sharply on Friday following fuel subsidy reforms, which are part of a series of economic measures that have helped set…
ACWA Power, a leading developer, investor and operator of power generation and desalinated water plants in 13 countries, has announced the successful financial…
Saudi Basic Industries Corporation (SABIC) CEO Yousef Al-Benyan said that a new government initiative to promote the private sector would help it double its…
The Saudi National Commercial Bank (NCB) and Samba Financial Group (Samba) announced Thursday the formal completion of the biggest merger in the Middle East to…
The Saudi Communications and Information Technology Commission (CITC) announced that it will make the full 6 GHz frequency band available for Wi-Fi use,…
The IMF has approved $174 million (148 million euros) in emergency assistance to South Sudan, the country's central bank governor said Thursday, as floods and…
The OPEC oil group and allied countries said Thursday that they have decided to gradually add back some 2 million barrels per barrel per day of oil production…
Lebanon's central bank is ready to facilitate a forensic audit process by Alvarez & Marsal and will discuss this in a virtual meeting with the restructuring…