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…
SABIC and Plastic Energy are building the world’s first commercial recycling unit to produce circular plastic polymers in the Netherlands. The plant will…
Turkish President Recep Tayyip Erdogan reaffirmed his strong opposition to high interest rates on Friday, a day after the central bank said it would maintain a…
Egypt on Thursday signed the first five gold exploration contracts with companies that had been awarded blocks in an international bid round in November, the…
Egypt’s Minister of Petroleum and Mineral Resources Tarek el-Molla inked a new production sharing contract between the state-owned Ganoub El-Wadi Petroleum…
Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20% for 2021, industry sources said. Iraq was the top oil supplier…
Piles of plush carpets line the floors of a northern Iraq shopping center hosting traders from Iran who hope the spangle of their ornate handicrafts might…
Beirut university student Mohammad El Sahily was close to graduating in computer science, but uncertainty now clouds his future following a plunge in the…
Turkey's central bank on Thursday kept its main interest rate steady at 17 percent after two consecutive hikes aimed at slowing down inflation and supporting…
Lebanon's Central Bank Governor Riad Salameh said on Thursday no financial transfers had been made from the central bank's accounts. Salameh has answered…
The CEO of Future Investment Initiative (FII) Institute, Richard Attias, said that the multi-hub conference slotted for next week will seek drafting a roadmap…
Outgoing President Donald Trump on Wednesday said he would exempt the United Arab Emirates from a 10 percent tariff imposed on most aluminum imports in 2018. …
The world will still rely on oil and gas for many decades to come and the UAE is investing to further reduce the carbon intensity of its barrels, according to…
Saudi Arabia, the world’s biggest oil exporter, beat Russia to keep its ranking as China’s top crude supplier in 2020, Chinese government data showed on…
Libya’s oil and gas revenue dropped by 92% last year, the central bank said on Wednesday, after most exports were stopped by a months-long blockade by fighters…
The Future Investment Initiative (FII) Institute will headline more than 140 prominent speakers next week at its fourth edition. It is a multi-hub…
Saudi Arabia’s Saline Water Conversion Corporation (SWCC) and the Water Transmission and Technologies Co. (WTTCO) signed on Tuesday a cooperation agreement to…
The Abu Dhabi Sustainability Week Summit got underway on Tuesday as part of ADSW 2021, the global platform for accelerating the pace of sustainable development…
OPEC’s secretary-general said on Tuesday he was cautiously optimistic the oil market would recover this year from the slump in demand brought about by the…
Egypt’s state companies have been enjoying robust earnings, official data shows, acting as a growth driver and eclipsing the private sector. Data published…
Egypt’s Nasr Automotive Manufacturing Company, of the Ministry of Public Enterprise, signed two agreements with China's Dongfeng Motor Corporation to…
The Egyptian government is facing the cumulative financial challenges of the last 50 fiscal years, but it was determined to solve all the previous issues, said…
Saudi Arabia wants to localize its pharmaceutical industries in anticipation of any future changes at the level of supply chains. Saudi Minister of Industry…
Russia is interested in investing in NEOM’s "The Line" project, Kirill Dmitriev, CEO of Russian Direct Investment Fund (RDIF), told Arab News in a recent…
The Saudi National Center for Family Businesses (NCFB) is preparing to hold the First National Forum for Family Businesses Sustainability on January 25. …