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…
European car sales plunged by nearly a quarter last year as the pandemic provoked the worst crisis ever to hit the capital-intensive industry. New car…
The International Monetary Fund is working “very intensively” with Sudan to build the preconditions for broad debt relief, and will assess progress on a staff…
Bahrain attracted $885 million in direct investment in 2020 through new companies setting up and expanding in the Kingdom, the country's investment agency said…
Jordan hopes its growth will rebound to 2.5 percent in 2021 from a three percent contraction in 2020 after economic activity was hit by lockdowns, border…
Bahrain-based Arab Banking Corporation (Bank ABC) announced signing an agreement with Lebanon’s Blom Bank on Friday to acquire 99.42 percent of the issued…
Amazon will open two new logistics centers in Italy this year, investing over 230 million euros ($278 million), the world's largest online retailer said on…
The Saudi Contractors Authority has announced that the 3rd Future Projects Forum (FPF) will kick off on March 22-24, 2021. The FPF is one of the authority…
Abu Dhabi National Oil Company (ADNOC), Mubadala and industrial holding company ADQ signed an agreement to form a hydrogen alliance, focusing on low-carbon…
Saudi Arabia has launched a company with an authorized capital of SR1 billion ($266 million) called “Kidana” to develop holy sites in the Kingdom. Kidana…
Algeria's oil revenues collapsed in 2020, according to energy ministry figures released Sunday, exacerbating an economic crisis in the country which is heavily…
Jordan hopes its growth will rebound to 2.5% in 2021 from a 3% contraction in 2020 after economic activity was hit by lockdowns, border closures, and a sharp…
HSBC is working on ambitious growth plans in the Middle East, North Africa and Turkey (MENAT), where a faster recovery in economic growth and trading in the…
Egyptian President Abdel-Fattah el-Sisi ordered the establishment of an integrated city for the manufacture and trade of gold in the country, reflecting Egypt…
Dubai on Saturday unveiled the signature pavilion for the upcoming Expo 2020, the world's fair that is scheduled to open later this year even as the global…
The Ministry of Investment of Saudi Arabia (MISA) announced that Huawei signed a contract with Saudi Arabia’s Kaden Investment to establish a flagship store in…
Dubai-based Emirates has suspended flights to Australia's three largest cities. The carrier was one of the last to maintain routes into and out of the…
President Recep Tayyip Erdogan said on Friday high interest rates do not serve Turkey and he repeated his unorthodox view that the solution is to cut rates in…
BMW said on Friday that it aims to double its sales of fully-electric vehicles this year as the German carmaker and rivals race to release new models to comply…
A conference for industrialists in Riyadh on Thursday called for increasing women’s participation in industrial activities and boosting their investments. …
Saudi Arabia’s ultra-luxury destination project, Amaala, appointed John Pagano as the new chief executive officer (CEO) as it enters the development stage. …
Iraqi oil minister Ihsan Abdul Jabbar told state TV in an interview on Thursday that Saudi Arabia’s voluntary output cut of 1 million bpd helps stabilize the…
Wizz Air’s new Abu Dhabi-based joint venture airline expects to soon add flights to other Gulf Arab cities following its launch this week, the Hungary-based…
Global oil demand is expected to increase by 6.56 percent or by 5.9 million barrels per day (bpd) to an average of 95.91 million bpd this year, the…
Egypt signed a memorandum of understanding with Germany’s Siemens on Thursday for construction of a $23 billion high-speed electric train line linking Egypt’s…