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 Basic Industries Corporation (SABIC) ended a difficult year with a net profit of SR2.2 billion, despite the losses incurred during the first three…
Bank lending showed year-on-year growth of 4.5 percent in December 2020 compared to 5.2 percent in November 2020, with an increase in loans to the non…
The United Arab Emirates’ central bank (CBUAE) imposed financial sanctions on 11 banks operating in the country for their failure to reach appropriate levels…
Sharjah-based real estate developer Arada has announced the launch of Masaar, the developer’s third project, with a sales value of AED8 billion (USD2.2 billion…
Egypt’s current account deficit widened to USD2.8 billion in the July-September quarter from USD1.4 billion in the same quarter of 2019, as the coronavirus…
Tunisia will issue debt worth up to $3 billion this year and aims to roll over some existing credit arrangements while setting in train wider economic reforms,…
The Riyadh Chamber of Commerce has spotted 13 challenges that face Saudi Arabia’s accommodations sector and double the costs of kickstarting new activities. …
The Saudi Ministry of Human Resources and Social Development underlined its commitment to implement radical reforms in the labor market in both the public and…
Dubai's trade with Israel in the last five months (Sep 2020 -Jan 2021) reached a value of AED1 billion ($272 million) and a volume of 6.217k tonnes, according…
Tunisian authorities are expected to begin new negotiations with the International Monetary Fund (IMF) for a loan of 6.4 billion Tunisian dinars (about $2.3…
The trade between Dubai and Israel has reached 1 billion dirham ($272 million) over the last five months, the Dubai media office said on Saturday. Israel…
Saudi Minister of Investment Eng. Khaled Al-Falih said that the Kingdom has prepared regulatory legislation and identified 20 economic zones, six of which are…
The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has completed the first stage of…
The Public Investment Fund (PIF) launched on Thursday “Cruise Saudi” company to establish and develop the cruise industry in the Kingdom. The company,…
Ministers of finance, who took part in the Future Investment Initiative (FII) Forum held in Riyadh on Wednesday, stressed the importance of further…
Egypt’s Minister of Planning and Economic Development Dr. Hala el-Said said that the pandemic has demonstrated the necessity of resettling some industries,…
Data presented at this year’s Future Investment Initiative (FII) forum, which kicked off its activities on Wednesday in the Saudi capital, Riyadh, has raised…
The Central Bank of the UAE (CBUAE) has announced the commencement of operational procedures aimed at assuming the supervisory and regulatory responsibility of…
Iraq has signed a memorandum of understanding with Total to execute “large and promising projects” in the Middle Eastern country, particularly regarding use…
Overall spending on information and communications technology (ICT) in Saudi Arabia is set to reach $32.9 billion this year up 1.5 percent since 2020,…
The Governor of the Public Investment Fund (PIF), Yasir bin Othman Al-Rumayyan, stressed on Tuesday that the Fund was seeking to invest between SAR150 and 200…
Saudi Arabia’s anti-corruption efforts are reflected in the ongoing reforms within the Kingdom’s institutions, which started with the Council of Ministers’…
Saudi Arabia’s economy will grow 2.6% this year, the International Monetary Fund (IMF) said on Tuesday, after the economy of the world’s top oil exporter…
Saudi Aramco may consider selling more shares if market conditions are right, the head of Saudi Arabia’s sovereign wealth fund told a news briefing on Tuesday…