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…
ION, the UAE-based sustainable transportation joint venture between Bee’ah and Crescent Enterprises, has installed high-power, ultra-fast charging stations…
Turkey has approved development plans for a huge canal on the edge of Istanbul, Environment Minister Murat Kurum said on Saturday, advancing a project which…
The new Saudi privatization system will seek to expand the scope of citizens’ participation in government assets. The Saudi cabinet approved the…
Sudan has settled its debts with the World Bank after nearly three decades, moving the heavily-indebted African country closer to a much-needed international…
Saudi Arabia’s Public Investment Fund (PIF) said Thursday that it has transferred its stakes in Almarai, the National Agricultural Development Co and the…
The General Secretariat of the Iraqi Council of Ministers issued directives to the Central Bank of Iraq to reschedule loans to boost the private sector. …
The Khartoum Refinery went out of service due to a malfunction in one of its largest units that generates electricity, the Energy Ministry announced Wednesday…
UAE’s Mubadala Investment Company announced a long-term investment agreement with the UK Office for Investment (OfI), valued at $1.379 billion. This is the…
The Saudi Data and Artificial Intelligence Authority (SDAIA) called on local and foreign contracting companies to join in the establishment of an interactive…
Fitch Ratings has revised the outlook on Iraq's long-term foreign-currency Issuer Default Rating (IDR) to stable from negative and affirmed the IDR at “B-”. …
Abu Dhabi National Energy Company (TAQA) announced plans to increase its renewable energy assets, in a shift away from reliance on oil. It plans to invest…
The Saudi Basic Industries Corporation (SABIC) has signed a joint agreement with BASF and Linde to develop and demonstrate solutions for electrically heated…
Saudi Investment Minister Khalid al-Falih revealed that the Kingdom’s infrastructure and transportation sectors are seeking to attract around $420 billion in…
Fitch has warned that it could cut Turkey’s sovereign credit rating if the country’s new central bank governor swiftly reverts to cutting interest rates and…
Egypt's Alexandria and Dekheila ports, which both lie along the Mediterranean, were closed on Wednesday due to poor weather conditions, the Alexandria Port…
Experts have identified several factors that will contribute to the recovery of the accommodation and support services sector in the two holy cities of Makkah…
The Saudi dairy industry topped national food security products in terms of added value to domestic production, while dairy farm complexes are contributing to…
Minister of Municipal and Rural Affairs and Housing Majed Al-Hogail said that the Future Projects Forum (FPF) will contribute to raising the efficiency and…
The United Arab Emirates (UAE) launched Monday its national strategy for industry and advanced technology. Dubbed “Operation 300bn,” the strategy seeks to…
The United Arab Emirates will invest $10 billion in Indonesia's new sovereign wealth fund to be spent on projects inside Southeast Asia's biggest economy, the…
Egypt’s Minister of Petroleum and Mineral Resources Tarek El Molla signed two new agreements with Shell Egypt for investments in the Herodotus Basin deepwater…
Saudi Red Sea Development Company (TRSDC) collaborated with SOURCE Global PBC, the first renewable and sustainable water brand, to become the first destination…
The Jeddah Chamber of Commerce and Industry signed on Monday a MoU with King Abdullah University of Science and Technology (KAUST) to create investment…
Oman’s National Center for Statistics and Information (NCSI) revealed a 1.8 percent increase in total products from refineries and petroleum industries in late…