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…
Abu Dhabi National Exhibitions Company (ADNEC) and Expo Tel Aviv, Israel’s leading exhibition center, said will partner towards fostering further collaboration…
First Abu Dhabi Bank (FAB) revealed Sunday that it has obtained a custody license in Egypt from the Financial Regulatory Authority, Egypt’s Capital Market…
Foreign investment in Saudi Arabia’s Artificial Intelligence (AI) field is expected to rise and for new smart partnerships to be formed in 2021. Crown Prince…
Oil Marketing Company (SOMO) has announced that it is the sole entity that is legally authorized to export Iraqi crude oil. “SOMO wishes to clarify to…
The Saudi Ministry of Justice has introduced a new electronic system in the notarization sector that simplifies the real estate electronic conveyance service…
With the announcement by Saudi Crown Prince Mohammed bin Salman of a giant tourism project in the west of the Kingdom, experts told Asharq Al-Awsat that the…
Saudi Arabia’s Qiddiya Investment Company (QIC) and the General Authority for Small and Medium Enterprises (Monshaat) signed two memoranda of understanding …
The Saudi Central Bank (SAMA) launched on Thursday the instant payments system, effective from Feb. 21. This follows the successful launch of the first…
E-commerce has grown remarkably, and now constitutes 25-30 percent of the trade volume in Egypt. In a statement on Thursday, Eng. Sherif Makhlouf, head of…
Iraq said on Wednesday OPEC+ would keep its output cuts policy unchanged at a March meeting, but that Saudi Arabia would likely abandon voluntary production…
The Abu Dhabi National Oil Company (ADNOC) announced the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s…
Saudi Crown Prince Mohammed bin Salman, Chairman of The Red Sea Development Company, launched the Coral Bloom concept, which was created by architectural firm…
Saudi aviation experts are urging authorities in the Kingdom to develop and update regulations for operating the sector and to allow for local and foreign…
Egypt’s annual urban consumer price inflation eased to 4.3% in January from 5.4% in December, the official statistics agency CAPMAS said on Wednesday. Month…
The Saudi Public Investment Fund (PIF) has become a major investor in a new $300 million shariah credit fund launched by NBK Capital Partners (NBKCP) that will…
The Suez Canal Container Terminal (SCCT) aims to invest $60 million during 2021 to develop the infrastructure of the east terminal of Port Said port, announced…
Etihad Airways is only operating flights with pilots and cabin crew who have been vaccinated against the coronavirus disease, the Abu Dhabi state carrier said…
Egypt’s unemployment rate fell to 5.7 percent in FY 19/20, its lowest in 14 years, after it recorded 13.9 percent in the previous fiscal year, announced the…
A Saudi research paper has predicted that around 106 million tons of waste will be produced by the Kingdom by 2035. A labor force of 77,000 workers and around…
Samba Financial Group and National Commercial Bank (NCB) are moving forward at a quick pace with the biggest merger of its kind in the Middle East. Saudi…
The remote work system implemented by Saudi Arabia when the outbreak of the Covid-19 was first reported has succeeded in achieving productive targets during…
Saudi Arabia has been successful in creating a maximum positive impact on energy markets at a time of their record collapse amid the novel coronavirus pandemic…
The Saudi Standards, Metrology and Quality Organization (SASO) revoked the license of ten factories and suspended five others for violating the requirements of…
An economic study called for the need to raise the savings rate in Saudi Arabia to support economic growth, pointing to the importance of promoting a culture…