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…
Senior officials and experts in Saudi Arabia have predicted the doubling of the private sector’s capacity in the Kingdom after Crown Prince Mohammed bin Salman…
The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of…
OPEC+ has lowered its 2021 oil demand growth forecast by 300,000 barrels per day reflecting concerns about the market’s recovery as new coronavirus lockdowns…
Saudi Arabia’s stock market rose sharply on Wednesday, after the country announced a huge investment push led by Aramco and SABIC, while other major Gulf…
Saudi Aramco will set strict business criteria for ventures it backs under a new private partnership initiative to help diversify the Kingdom’s oil-reliant…
A package of incentives launched within the “Made in Saudi” program will enable national enterprises to grow their businesses, benefit from marketing…
Unemployment among Saudi citizens fell to 12.6% in the fourth quarter of 2020 from 14.9% in the third quarter, official data from the world's biggest oil…
Morgan Stanley Investment Management Inc. announced Tuesday launching a Saudi Equity Fund (MSINVF) in Luxembourg. It described the step as “positive” and…
The capacity of the electrical link between Egypt and Sudan will be raised to 300 from 80 megawatts per a contract signed Tuesday between both countries. …
The International Monetary Fund said on Tuesday it has reached a staff agreement with Jordan to expand the country's financing access by $200 million under an…
Oil prices rose on Wednesday, paring overnight losses a day ahead of a meeting of OPEC and its allies, with investors betting the producers will largely agree…
The Murban crude futures contract launched on Monday the key contract of the new Intercontinental Exchange (ICE) Futures Abu Dhabi (IFAD) oil exchange,…
Saudi Arabia is Bahrain’s biggest economic partner, announced Ali al-Mudaifa, Executive Director - Investment Origination at the Bahrain Economic Development…
As Saudi Arabia is seeking to encourage foreign companies to invest in the Kingdom, a survey conducted by Reuters showed that a number of international…
Saudi Arabia has expressed willingness to cooperate with Sudan and invest in projects in the fields of energy, oil and minerals. Sudanese Energy Minister…
A significant hike in Saudi Arabia’s communication-related industries last year can be traced back to the coronavirus pandemic raising the need for distance…
Dubai Holding has partnered with Dubal Holding, ITOCHU Corporation, Hitachi Zosen Inova, BESIX Group and Tech Group to develop one of the world’s largest…
Iraq has signed a heads-of-agreement deal with French firm Total spanning four projects involving natural gas, solar energy and seawater reprocessing, the oil…
The Saudi Ports Authority (MAWANI) announced on Monday an initiative to support international shipping lines stranded at the south end of the Suez Canal on the…
Saudi Arabia’s Crown Prince Mohammed bin Salman has announced the launch of the Green Saudi and Green Middle East Initiatives to help reduce carbon emissions…
S&P Global Ratings affirmed Saudi Arabia’s sovereign credit ratings at ‘A-/A-2’ with a stable outlook, saying the national economy will likely return to…
Oil fell on Monday as a container ship blocking Suez Canal for nearly a week was partially refloated raising hopes the busy waterway would soon be reopened and…
Saudi Arabia launched “Made in Saudi”, a new program that aims to support national products and services at local and international levels, under the patronage…
The Syrian pound has rebounded from an all-time low struck earlier in March after authorities tightened controls on bank withdrawals and internal transfers and…