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…
Saudi Arabia’s Investment Ministry will be establishing two agencies with the key objective of mapping and outlining investment opportunities in the Kingdom…
Steps taken by the Kuwaiti government to mitigate the depletion of the treasury’s liquid assets could push back the risk of a liquidity crisis to the third…
Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in…
Turkey's lira slid 15% to a near all-time low on Monday after President Tayyip Erdogan's shock weekend ousting of a hawkish central bank governor sparked fears…
The Algerian government had set a clear roadmap for a rapid transition to a knowledge-based economy, said Prime Minister Abdelaziz Djerad. During the Oran…
The federal cabinet of the United Arab Emirates approved a new system allowing professionals to reside in the Gulf state while working remotely for employers…
Turkey’s new central bank chief will hold a call with bank CEOs on Sunday afternoon, a day after he was appointed in a shock leadership overhaul that left…
Saudi Arabia’s Adeer Real Estate Company has put up for auction a property belonging to the struggling Saudi Oger. The land spans approximately 484,000…
Saudi Aramco's Chief Executive expects rising oil demand in 2021, he said on Sunday, citing Chinese demand approaching pre-pandemic levels while vaccines help…
President Recep Tayyip Erdogan abruptly sacked Turkey’s central bank chief on Saturday, two days after a sharp interest rate hike to head off inflation,…
Egypt Post became a member of the Union of Arab Banks to study the latest services and technologies in the financial field. Egyptian Post Chairman Sharif…
The Egyptian government denied “selling ports and airports to foreign parties,” stressing that such rumors circulating on some websites and social media are…
In a significant financial deal, Saudi Arabian Airlines (Saudia), the national flag carrier of the Kingdom, closed funding agreements worth SR 11.2 billion ($3…
Turkey fired the governor of its central bank and replaced him with economist and former ruling party lawmaker Sahap Kavcioglu, according to a presidential…
Lebanon's central bank will allow banks to conduct currency transactions similar to exchange dealers and will step in to rein in the pound/dollar rate, the…
Saudi Minister of Municipal and Rural Affairs and Housing Majed Al-Hogail is set to launch the Real Estate Makers Forum end of March amid efforts to develop…
UAE's GDP growth is forecast to pick up to 2.5 per cent and 3.5 per cent, respectively in 2021 and 2022, according to a recent report by the Central Bank of…
The Saline Water Conversion Corporation (SWCC) announced on Thursday that it has succeeded in curbing carbon dioxide emissions by 28 million tons annually,…
HSBC has completed the first Securities Lending transaction in Saudi Arabia, marking a key milestone for the Kingdom’s capital markets and Saudi Vision 2030. …
Two memorandums of understanding (MoUs) were signed Wednesday with local companies to support the manufacture and production of ductile iron pipes in Saudi…
The Saudi cabinet has approved a privatization plan aimed at increasing the participation of the private sector in the Kingdom’s infrastructure projects and…
Saudi Minister of Energy Prince Abdulaziz bin Salman and Kuwait’s Oil Minister Mohammed Al-Fares have discussed in Riyadh ways to enhance cooperation on energy…
An extended surge in oil prices is unlikely as the world rebounds from the pandemic given ample supply but changes are seen in demand and gasoline may have…
With the imminent announcement of the start of the operations of Saudi Samba and the National Commercial Bank (NCB) next month, Samba’s Chairman Eng. Ammar…