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 Crown Prince Mohammed bin Salman, Deputy Prime Minister and Chairman of the Public Investment Fund (PIF), announced on Wednesday the launch of the Soudah…
Suzuki's chairman Osamu Suzuki will retire after more than four decades at the helm of the Japanese carmaker, the company said Wednesday. The 91-year-old,…
The German economy grew 0.3% in last year's fourth quarter compared with the previous three-month period, official data showed Wednesday - a better performance…
Saudi Arabia’s Minister of Industry and Mineral Resources Bandar al-Khorayef said his ministry will set the necessary legislations and regulations to localize…
Iranian crude oil exports have fallen in February by about 250,000 barrels per day, tanker tracker Petro-Logistics said Tuesday, suggesting a jump in shipments…
The number of local and international military industry companies operating in Saudi Arabia reached more than 70 with an estimated investment volume of SR24…
Saudi Minister of Investment Khalid Al-Falih said that more efforts would be exerted to attract investment opportunities, announcing the imminent launching of…
Sudan’s Minister of Investment, Dr. Al-Hadi Muhammad Ibrahim, underlined on Monday a strategic plan to solve issues pertaining to Saudi investments in his…
The Saudi Grains Organization (SAGO) announced on Monday completing procedures for purchasing 355,000 tons of wheat from Saudi companies investing abroad. The…
Tunisia's Ministry of Tourism and Handicrafts has revealed an 80 percent drop in visitors to Tunisia in 2020, compared to last year. This means that the…
The European Union (EU) announced removing Morocco from its “grey” list of tax havens. The decision recognizes Morocco’s efforts to comply with…
Egypt's sovereign wealth fund is widening its net as it looks for potential buyers of the military's fueling station chain Wataniya Petroleum Co by adding…
UAE's Economic Council and Saudi Arabia’s General Authority for Military Industries (GAMI) signed on Monday a Memorandum of Understanding (MoU) on the…
An international report has revealed that Saudi Arabia is on the road to recovery, with an expected increase in investment capital. The kingdom has managed…
The Abu Dhabi National Oil Company (ADNOC) announced on Monday that its Thamama Center of Excellence (Thamama) has generated $1.1 billion (AED4.04 billion) in…
Turkey's finance minister has defended the foreign exchange reserve policy of his predecessor Berat Albayrak, saying transactions that had led to a sharp fall…
Saudi Arabia’s Jeddah Islamic Port has received the first and largest container ship in the world completely powered by environment friendly liquefied natural…
Tel Aviv and Cairo have agreed to expand cooperation in the energy field. The announcement was made during a visit by Egypt’s Minister of Petroleum and…
State-owned Saudi Arabian Military Industries (SAMI) aims to generate annual revenue of $5 billion by 2030, its chief executive said on Monday, part of a drive…
Saudi Arabian Military Industries (SAMI) has signed an agreement to set up a joint venture with US firm Lockheed Martin to enhance the Kingdom's defense and…
Iraq is seeking international investors to build seven solar power plants, with a total capacity of 750 megawatts (MW) as it aims to develop its renewable…
Saudi Arabia will invest more than $20 billion in its domestic military industry over the next decade as part of aggressive plans to boost local military…
Fitch Ratings revised Turkey's outlook to stable from negative and affirmed its credit rating at 'BB-'. “Turkey's return to a more consistent and…
Sudan took the unprecedented but expected step of floating its currency Sunday, meeting a major demand by international financial institutions to help…