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…
Brent crude futures climbed above $70 a barrel on Monday for the first time since the COVID-19 pandemic began, while US crude touched its highest in more than…
BNP Paribas has appointed Reema Al-Asmari as head of territory for Saudi Arabia to oversee the bank’s national commercial strategy and boost relationships with…
Saudi Arabia's Central Bank said on Sunday it had extended a deferred payment program to support private sector financing for an additional three months until…
With Saudi Arabia’s General Authority of Civil Aviation (GACA) approving the landing of international flights at Prince Abdul Majeed Bin Abdulaziz Airport in…
Experts are predicting that Saudi Arabia will rank among the world’s top sources for tech startups by 2022, basing their projection on a recent report that…
Saudi Arabia’s Ministry of Commerce and Investment has revealed that commercial registers issued for women in 2020 amounted to more than 100,000. It…
OQ Group has announced that the 98 million Omani riyals gas supply project from Saih Nahida to the Special Economic Zone of Duqm has been completed. The…
DP World, the leading provider of smart supply chain logistics, alongside its partner Caisse de dépôt et placement du Québec (CDPQ), a global investment group,…
The World Bank has approved a $440 million loan to modernize signalling and upgrade track on 763 km of Egypt’s 5,000 km rail network, the bank said in a…
The United Arab Emirates signed on Wednesday a Memorandum of Understanding (MoU) and technical agreement with the Republic of Indonesia to support cooperation…
The General Authority for Small and Medium Enterprises (Monshaat) and the Saudi Ground Services Company (SGS) signed an agreement on Friday as part of…
Saudi Arabia has made a leap in the Global Entrepreneurship Status Index, reaching the seventh position in the world during the past year, after ranking 17th…
OPEC and its allies agreed to extend most oil output cuts into April, offering small exemptions to Russia and Kazakhstan, after deciding that the demand…
Abu Dhabi National Oil Company (ADNOC) hosted on Thursday the UAE’s virtual business trip to the Republic of Korea during which ADNOC and GS Energy agreed to…
Economic conditions in Saudi Arabia continued to strengthen in February, according to the latest PMI survey data, despite output and new orders expanding at…
The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has awarded a contract to leading…
OPEC and other oil producers, known as OPEC+, are considering rolling over production cuts into April instead of raising output as a recovery in oil demand…
Sudan’s devaluation of its currency last month, a long-awaited step in tackling the country’s chronic economic crisis, initially caused confusion among banks,…
The CEO of Saudi Aramco, Amin Al-Nasser, said that global oil demand was recovering and could approach pre-pandemic levels next year. Addressing the virtual…
The Saudi National Center for Palms and Dates (NCPD) has revealed a rise in exports of Saudi dates by 7.1 percent in 2020. Statistics showed an increase in…
The executive director of Saudi Payments, a Saudi Arabian Monetary Authority (SAMA) subsidiary, revealed on Tuesday that significant growth has been registered…
Saudi Arabia’s National Commercial Bank (NCB) and Samba Financial Group (Samba) announced on Tuesday that their shareholders have approved the historic merger…
A Lebanese banking official told Asharq Al-Awsat that completing the banks’ data pertaining to the implementation of the Central Bank’s instructions to fortify…
The global oil market is rebalancing after damage to demand wrought by the COVID-19 pandemic was met with curbs on output by producers from the Organization of…