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 Abu Dhabi Securities Exchange (ADX) announced Saturday that it is reducing overall trading activity fees on all exchange transactions starting Feb. 14 as…
The Saudi Public Investment Fund (PIF) announced its plans to increase investment in the private sector, especially in real estate. The Fund recently…
Measures designed to stem the spread of the coronavirus pandemic have resulted in crippling international trade and industry, brought about global recession…
The head of the IMF on Friday urged advanced economies to provide more resources to low-income countries, warning of an emerging "Great Divergence" in global…
Sudan will decide to float its currency once it has sufficient foreign reserves, and is also in talks with several parties to secure loans and grants, the…
Oil hit its highest level in a year on Friday, closing in on $60 a barrel on economic revival hopes and supply curbs by producer group OPEC and its allies. …
Saudi businessmen and specialists emphasized that the private sector was ready to face any repercussions on the local markets in the event that the concerned…
Saudi Arabia has been speeding up the pace to activate the recently approved small-scale solar photovoltaic (PV) systems. It has provided the necessary…
Oil ticked up on Thursday due to the decision by Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, to stick to its output…
The oil-rich Gulf countries are forecast to achieve 2.5 percent growth this year, according to the International Monetary Fund (IMF). The Middle East will…
Lebanon's public prosecutor sent preliminary findings to Swiss authorities, in response to their request for legal assistance in their investigation of money…
Reflecting global confidence in the Saudi market and presenting an important first step for the recently announced Riyadh Strategy, 24 multinational companies…
The Red Sea Development Co. (TRSDC), announced on Wednesday that it had started construction on two of its flagship hotel projects. It said in statements…
The Purchasing Managers’ Index (PMI) in Saudi Arabia rose to 57.1 in January 2021 compared to 57.0 in December 2020, according to IHS Markit. The firm said…
Small-scale solar photovoltaic (PV) systems are ready to generate electricity for houses and enterprises, to be later connected to Saudi Arabia’s grid,…
The newly launched Riyadh Strategy is on track to generate mega projects, create job opportunities and expand the Saudi capital’s economic horizons, experts…
Turkey’s annual inflation rate climbed more than expected to 14.97% last month, data showed on Wednesday, driven by energy and food prices and pressuring the…
Amazon founder Jeff Bezos said Tuesday he would stand aside later this year as chief executive of the company he built from a startup into one of the world's…
The Abu Dhabi National Oil Company (ADNOC) announced on Tuesday that it has signed and completed a strategic real estate investment partnership with Abu Dhabi…
The Riyadh Chamber of Commerce and Industry has identified six main ways to address in the industrial sector, mainly issues related to finance, exports,…
The percentage of Saudi employees among the total workforce in the private sector rose to 21.8 percent during the fourth quarter of 2020, announced the…
HC Securities and Investment expected the Central Bank of Egypt (CBE) to keep interest rates unchaged during its Monetary Policy Committee (MPC) meeting…
Oil major BP Plc agreed on Monday to sell a 20% stake in Oman’s Block 61 to Thailand’s PTT Exploration and Production for $2.6 billion. The London-listed…
Iraqi oil exports rose to 2.868 million barrels per day (bpd) in January from 2.846 million bpd the previous month, the Oil Ministry said on Monday. Exports…