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…
Oman started selling US dollar-denominated multi-tranche bonds on Thursday, a document showed, as the oil producer seeks fresh funding to cover a large fiscal…
The Abu Dhabi Investment Office (ADIO) has set up eight new offices in Tel Aviv, New York, San Francisco, Frankfurt, London, Paris, Beijing and Seoul, in an…
The German economy shrank by 5% in the pandemic year 2020, bringing to an end a decade of growth as lockdowns wiped out much business and consumer activity. …
Egypt will reduce jet fuel prices by 15 cents per gallon from January 21 until the end of 2021 to support the tourism and aviation sectors amid challenges…
Saudi Arabia’s voluntary oil production cut is set to help the oil market navigate through seasonally low oil demand during the first quarter, OPEC’s secretary…
Abu Dhabi Sustainability Week (ADSW), the global platform for accelerating sustainable development, hosted by Masdar, will be held from 18th to 21st January…
Top oil exporter Saudi Arabia has cut supplies of February-loading crude for some Asian buyer by up to a quarter while meeting requirements of at least four…
Saudi Telecom Company (STC) has named Olayan Mohammed al-Wetaid as the new group CEO, following Nasser al-Nasser who resigned in November citing personal…
Tunisia’s trade deficit dropped by 6.6 billion dinars ($2.7 billion) in 2020 to $4.7 billion as imports declined because of the coronavirus pandemic, the state…
Antoni Vives, Chief Urban Development Officer at NEOM, said that ongoing works in the city of The Line are accelerated to complete several stages and start…
The fifth annual Atlantic Council Global Energy Forum in Abu Dhabi, to be held next week, will focus on the challenges and opportunities in the post-pandemic…
The World Bank Group on Tuesday approved a $246-million aid package to help 786,000 vulnerable Lebanese reeling under the country's worst economic crisis in…
Bahraini minister of industry, commerce and tourism and the US secretary of commerce signed on Tuesday a MoU to establish an American trade zone in Bahrain to…
Egypt’s central bank has told banks it was banning them from distributing profits to shareholders to protect capital amid the COVID-19 crisis. Governor…
Saudi Arabia, the Arab world’s biggest economy, and Egypt, the most populous, are the most attractive markets for private equity in the Middle East and North…
The Tunisian government asserted its commitment to the International Monetary Fund (IMF) to develop a program of economic reforms. The program comes in line…
Germany’s BDI industry association said on Tuesday it expected Europe’s largest economy to grow 3.5% this year after plunging roughly 5% in 2020 but that it…
The International Telecommunication Union (ITU) praised the remarkable and rapid development of the telecommunications and information technology sector in…
Saudi Crown Prince Mohammed bin Salman’s unveiling of plans to build a huge new zero-carbon city at NEOM, a mega project and a key pillar of Kingdom Vision…
The initial public offering (IPO) market remained active in the Gulf Cooperation Council (GCC) countries in 2020 despite increasing pressure on financial…
A consortium led by the United Arab Emirates financial firm, SHUAA Capital, has bought 1.13 billion dirhams ($308 million) of debt held by Stanford Marine…
Shares of Twitter Inc slumped 7% on Monday, on course to knock off about $2.5 billion from the market value of the social media company after it permanently…
Egypt’s annual urban consumer price inflation rate slowed to 5.4 percent in December from 5.7 percent in November 2020, Egypt’s official statistics agency said…
Oil prices maintained a steady recovery, closing to USD 56 per barrel on Friday, after Saudi Arabia’s announcement on Tuesday of an additional voluntary…