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…
German unemployment held more or less steady in February despite the impact of lockdown measures, according to official data released Tuesday. Extensive use of…
The Lebanese pound hit a record low against the dollar on the black market on Tuesday as the country’s political crisis deepens with no prospects of new…
Egypt is advancing at a rapid pace towards sustainable transport, relying on the reform plan adopted by the government since it launched its Economic Reform…
Algeria Mining Minister Mohamed Arkab stressed Sunday the need to continue efforts to renew hydrocarbons reserves and increase production. “We must work on…
Iraqi oil exports rose to 2.96 million barrels per day (bpd) in February from 2.868 million bpd the previous month, the Oil Ministry said on Monday. Exports…
Lebanon’s Banking Control Commission will evaluate which banks met targets for boosting their capital and liquidity, the central bank governor said on Monday,…
The Kuwaiti government has proposed new amendments to the country's public debt law, including capping borrowing to maximum 60% of gross domestic product,…
A recent report revealed that Saudi chemical industry exports are the highest in the Arab world. Experts also affirmed that the kingdom is considered a global…
The Omani government has transferred its stake in the biggest oil block, Block 6, to a newly established company. Bloomberg reported last month that Oman,…
The Saudi Ports Authority (MAWANI), in cooperation with Saudi Customs, has launched a new initiative to facilitate and restructure the procedures for importing…
In a first-of-its-kind initiative, the Saudi Ministry of Commerce granted establishments that violate National Anti-Commercial Concealment law an opportunity…
The joint UAE-Ukraine Coordination Committee has held its first remote meetings this week to discuss plans aimed to strengthen the strategic partnership…
Saudi Arabia will begin working in March on determining the cost of affordable solar energy for the purposes of generating and producing electricity, revealed…
The International Monetary Fund urged Tunisia on Friday to cut its wage bill and limit energy subsidies to reduce a fiscal deficit. The IMF said in…
Egypt’s CEO of the General Authority for Investment and Free Zones (GAFI) Counselor Mohammed Abdel Wahab met with Iraqi Prime Minister Mustafa al-Kadhimi on…
The Turkish lira slid for a fifth straight day on Friday, hit by surging US bond yields that helped erase all the year’s gains and set the stage for a…
Saudi Arabia's Crown Prince Mohammad bin Salman announced on Wednesday the launch of the Soudah Development Company, in the Asir, with expected investments…
Campaigns have been launched on social media to support the Sudanese government’s decision on Sunday to adopt a managed float of its currency and unified its…
The International Defense Exhibition and Conference (IDEX) and the Naval Defense and Maritime Security Exhibition (NAVDEX) concluded their 15th edition on…
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has developed a strategy for expanding international assets that is centered around…
Saudi Arabia continues to make notable progress for the second year in a row in women’s economic opportunities, according to a World Bank Group’s Report. …
The UAE Cabinet, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved the establishment of the…
Sudan launched a scheme on Wednesday to alleviate the impact of a severe economic crisis by paying out monthly cash allowances of $5 that are eventually meant…
Turkey’s lira tumbled again on Wednesday and has lost nearly half the year’s gains this week alone, as the government again defended the record of former…