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 spread of COVID-19 vaccines will power a stronger global economic recovery in 2021, the International Monetary Fund forecast Tuesday. After sinking 3.5%…
ADNOC maintained in 2021 its position as the UAE’s most valuable brand for the third consecutive year, according to a new report from Brand Finance, the world…
Saudi Arabia’s Public Investment Fund (PIF) has launched its five-year strategy which will ensure that it continues to grow as a global investment partner of…
The Saudi ACWA Power has contributed to shaping the renewable energy sector around the world. The company has been a pioneer in supporting the sector through…
The General Authority for Small and Medium Enterprises (Monshaat) has revealed that the Year 2020 saw investments worth USD152 million in KSA-based startups, a…
Saudi Arabia began marketing a dual-tranche benchmark US dollar-denominated bond sale on Tuesday with tenors of 12 and 40 years, a document showed, as it seeks…
Moroccan ports handled a total of 81 million tons in 2020, an increase of 23 percent compared to the previous year. A total of 5,771,221 TEU containers…
The United Nations warned Monday that the world economy is "on a cliffhanger," still reeling from the COVID-19 pandemic whose impact will be felt for years but…
Uzbekistan and Saudi Arabia have planned three major power projects that will promote the use of clean and renewable energy in the Central Asian country. …
Kuwait's finance ministry has proposed a draft 23.05 billion dinar ($76.2 billion) budget for the fiscal year starting on April 1, it said in a statement on…
South Korean automaker Hyundai Motor defied the coronavirus pandemic to post a surprise 78 percent surge in fourth-quarter profits Tuesday, as robust domestic…
Furniture giant IKEA said it is on track to cut its emissions further after an 11% reduction in its climate footprint in the 12 months to the end of August,…
Saudi Arabia and Uzbekistan are looking to enhance economic cooperation by increasing investment flows between the two countries. Serious work is being put…
Saudi Arabia’s Saline Water Conversion Corporation (SWCC) has invited qualified firms to place their bids to acquire the majority stake in its Ras Al-Khair …
The Central Bank of Syria (CBS) on Sunday issued a new banknote for a denomination of 5,000 Liras, the largest to date, amid the worst economic and living…
Saudi non-oil exports grew by 12 percent in November 2020 in comparison to the same period in 2019, in which they registered SAR5.3 billion to SAR4.8 billion. …
German used-car trading platform AUTO1 on Monday set a range of between 32 and 38 euros per share for its initial public offering, implying that its Frankfurt…
Iraq has requested emergency assistance from the International Monetary Fund and talks are ongoing between the parties, the IMF said late on Sunday. Iraqi…
Saudi Crown Prince Mohammed bin Salman on Sunday launched a new five-year strategy for the Public Investment Fund (PIF). The Crown Prince said the strategy…
A new, 5,000 Syrian Lira banknote went into circulation Sunday, the largest denomination in the country reeling from a decade of conflict and a crippling…
The United Arab Emirates cabinet approved a public debt strategy aimed at developing the Gulf state’s market for local currency bonds, the UAE’s vice president…
The Sharjah Emirate has attracted 24 foreign direct investment (FDI) projects worth $220 million (AED808.6 million) during 2020, according to a Wavteq study on…
The Central Bank of Kuwait (CBK) said that local banks can distribute cash dividends to their shareholders in proportion to their business results and net…
Unemployment rate for the workforce in Saudi Arabia dropped, including a decrease in unemployment among Saudis, according to the latest statistics of the…