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…
The Saudi Ministry of Human Resources and Social Development maintains intensive efforts to search for new sectors that provide job opportunities and reduce…
DP World, UAE Region and its flagship trade and logistics hub, Jebel Ali Free Zone (Jafza) are set to participate in Gulfood 2021, scheduled to take place from…
Saudi Arabia is preparing to partake in the International Defense Exhibition (IDEX 2021), scheduled for February 21-25 in the United Arab Emirates capital, Abu…
More than 900 representatives from 200 Saudi government agencies gathered under the sponsorship of the Saudi e-government program, Yesser, to discuss…
Official information revealed serious efforts by Saudi Arabia to build an integrated space sector aimed at transferring and indigenizing technologies in…
Saudi Arabia and the United States stressed the importance of confronting the novel coronavirus pandemic in order to support the recovery of the global economy…
Saudi Energy Minister Prince Abdulaziz bin Salman and Malaysian Foreign Minister Hishammuddin Hussein discussed means of enhancing investments between the two…
Turkey's central bank on Thursday kept its main interest unchanged at 17 percent for the second month in a row to support a strong rally in the Turkish lira,…
Saudi Energy Minister Prince Abdulaziz bin Salman said on Wednesday that it was too early to declare victory against the COVID-19 virus and that oil producers…
Egypt announced on Thursday the start of a bid round for exploration and exploitation of oil and natural gas in 24 blocks. The round, which concludes on Aug…
European planemaker Airbus lost 1.1 billion euros ($1.3 billion) last year amid an unprecedented global slump in air travel because of the pandemic, but…
United Arab Emirates-based carrier Flydubai is preparing for the Boeing 737 MAX aircraft to rejoin its fleet, the Dubai government's media office said on…
The merger between Saudi Railway Co. (SAR) and Saudi Railways Organization (SRO) is an important step in privatizing some of the transport sector works, said…
Saudi Arabia’s crude oil exports rose for a sixth straight month to an eight-month peak in December 2020, official data showed on Wednesday. Exports rose to…
Tunisia recorded an unprecedented economic contraction estimated at 8.8 percent in 2020 compared to 2019, according to figures by the National Institute of…
With the continued drop in the value of the local currency and the increase in the cost of imports, Sudan has entered a vicious cycle of rampant inflation,…
Abu Dhabi’s ADNOC Distribution said on Monday it has executed two agreements to acquire 20 service stations in Saudi Arabia for AED56.9 million ($15.5 million)…
Saudi Arabia will no longer sign contracts with foreign companies which do not have a regional headquarters in the Kingdom after 2023, state news agency SPA…
Saudi Arabia’s Ministry of Industry and Mineral Resources confirmed that it is working to protect local industries from unfair competition by enacting policies…
The Central Bank of Iraq (CBI) has ruled out a threat to hard currency reserves as a result of borrowing. While noting that the oil market recovery…
Saudi King Abdullah University of Science and Technology (KAUST) - west of the Kingdom - is investing in a company specialized in developing smart indoor…
Paralyzed by financial crisis and riven with political risk, a number of Lebanon's banks are struggling to meet a central bank target to raise their capital…
Bahrain’s economic recovery from the COVID-19 pandemic will be gradual, with growth projected at 3.3 percent this year after a 5.4 percent contraction in 2020,…
Dubai Airports' chief executive warned on Monday it would be another tough year for the Middle East's busiest airport, Dubai International, after passenger…