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…
As Saudi Arabia and Qatar opened the land borders between them on Saturday, the political and economic climate that prevailed following the recent Gulf summit…
The Saudi Projects Support Fund signed a memorandum of understanding on Friday with the State Properties General Authority to enable the Saudi private sector…
The Egyptian government said the Central Bank had spent EGP500 million ($31.95 million) from an allocated 20 billion Egyptian pounds ($1.28 billion) to support…
The Lebanese are stocking their cash inside their homes or companies due their lack of trust in the country’s banking system. Around $10 billion is the…
Oil prices settled higher on Thursday, hitting 11-month peaks, as markets remained focused on Saudi Arabia’s unexpected pledge to deepen its oil cuts and…
Lebanon's central bank governor Riad Salameh said on Friday the era of the dollar peg was finished but said any floatation of the currency would depend on…
The International Monetary Fund (IMF) raised its growth forecast for Egypt’s economy this financial year to 2.8%, matching the lower end of the government’s…
As part of the Saudi government efforts to harness successful projects in the national economy to support the employment of its nationals, the Human Resources…
The rate of the informal (shadow) economy in Morocco dropped to less than 30 percent of the Gross Domestic Product between 2009 and 2018, according to a study…
Saudi Arabia’s General Authority for Real Estate announced the signing of a MoU with the Projects Support Fund at the Ministry of Finance to enhance mutual…
Tunisia’s tourism revenue plunged by 65% in 2020 compared to 2019, to around $746 million, official figures showed on Thursday, as the impact of the COVID-19…
Etihad Aviation Training (EAT) has signed a contract with Israeli Israir Airlines to offer Full-Flight Simulator pilot training for Israir Airlines’ Airbus…
The World Economic Forum's annual gathering of political and business leaders will be held in Singapore from May 25-28, 12 days later than initially announced,…
Lebanese caretaker Energy Minister Raymond Ghajar has announced that the international consortium on oil and gas exploration will continue offshore operations…
Dubai government continues to study dimensions of the current situation and its developments in light of the exceptional circumstances the world is going…
More than 20 tourism projects are being implemented by the Tourism Development Fund, according to Head of Corporate Planning Department at the Saudi Commission…
World food prices rose for a seventh consecutive month in December, with all the major categories, barring sugar, posting gains last month, the United Nations…
The United States Treasury Secretary, Steven Mnuchin, confirmed that the US is looking forward to deepening the economic partnership with Egypt, in a way that…
The outcomes of the 41st annual summit of the Gulf Cooperation Council (GCC), which was held in Saudi Arabia’s historical AlUla city, have reflected positively…
The Saudi non-oil private sector registered its best recovery rate in a year, that is, before the Kingdom’s adoption of the lockdown measures to prevent the…
APICORP, a leading multilateral development financial institution, and ACWA Power, a leading Saudi developer, investor and operator of power generation and…
The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has named daa International as the…
Saudi Arabia will make additional, voluntary cuts to its oil production totalling one million barrels per day in February and in March, Energy Minister Prince…
The World Bank on Tuesday predicted a moderate economic recovery for the Middle East and North Africa (MENA) in 2021, as well as a 4 percent global economic…