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…
Lebanon is battling its worst economic crisis since the 1975-1990 civil war. The national currency is in freefall, while poverty and unemployment are on the…
Saudi Arabia’s General Authority for Statistics revealed that Saudi Arabia's gross domestic product expanded by 2.5 percent in the fourth quarter of 2020. …
Saudi Arabia’s main equities index closed on Tuesday at its highest since 2015. Tadawul All Share Index (TASI) gained 14.53 points to close at 9,660.27…
Investments in ready-built factories and industrial land plots increased by nearly 200 percent and 21 percent, respectively, in 2020, revealed the Saudi…
The Kuwaiti cabinet on Monday approved a draft law on supporting and guaranteeing local banks' loans to clients who were affected by the coronavirus measures. …
Finnish telecoms group Nokia said on Tuesday it planned to cut up to 10,000 jobs within the next two years to trim costs and invest more in research…
Egypt’s central bank is likely to leave its overnight interest rates on hold on Thursday, a Reuters poll showed, as inflation remained below target and growth…
Saudi Arabia is seeking to implement programs and initiatives to support business and technology startups. In this context, the Royal Commission for Jubail and…
A Gulf-Azerbaijan forum has stressed the importance of supporting private sector initiatives in the field of food projects and technical industries and…
Governor of the Central Bank of the UAE (CBUAE) Abdulhamid M. Saeed Alahmadi said on Monday that the overall liquidity of the nation’s banking system has…
The exchange rate of the dollar hit a new record in the Lebanese black market, exceeding LBP 13,000 (the official price is LBP 1,515 for one USD), forcing many…
The Saudi Consumer Protection Association issued the “Consumer Rights Comprehensive Guide”, which was recently updated to include 13 government agencies,…
A recent economic report predicted that the Saudi IPO market will witness over ten listings in 2021. It also pointed out that Q4 of 2020 showed positive…
Egypt’s natural gas production is expected to reach 7.2 billion cubic feet per day in the fiscal year 2021-2022, a 9 percent increase of the predicted amount…
The African Development Bank (AfDB) said that it forecasts Morocco’s gross domestic products (GDP) to grow by 4.5 percent in 2021. In its annual report…
United Arab Emirates Undersecretary of the Ministry of Finance Younis Haji Al Khouri announced the completion of all projects and studies required for Gulf…
Madinah Gov. Prince Faisal bin Salman, chairman of the Madac Academy board of trustees, signed on Wednesday a partnership agreement between the academy and the…
The Gulf Cooperation Council’s borrowing requirements could drop to $10 billion over the next three years if oil prices remain elevated, according to Goldman…
Saudi Arabia’s Labor Reform Initiative (LRI), which was announced last November, has gone into effect as of Sunday, bringing the kingdom a step closer to its…
The Saudi British Bank (SABB) announced that it had completed its merger with Alawwal Bank to join all products and services provided to customers. Through…
Haramain High-Speed Rail announced that it will resume operations as of Wednesday, March 31, 2021. Passengers can start booking tickets from and to Makkah,…
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, made the announcement on Saturday under the Dubai…
With the increase in the number of mega projects in Saudi Arabia and the economic reforms that have achieved tangible results, experts expected a growth in…
President Recep Tayyip Erdogan said he would focus efforts to reform Turkey’s economy on bringing down double-digit inflation and tightening state finances,…