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…
Global shares turned lower on Tuesday as more countries imposed restrictions on businesses and public life to cope with a stubborn increase in coronavirus…
Expectations have increased for the growth of the Saudi tourism sector in 2021 with signs of a global economic recovery and the availability of the new COVID…
The New York Stock Exchange abandoned plans to delist three state-owned Chinese telecom companies on Monday, reversing a decision that further dented already…
Kuwait's Minister of Oil and Minister of Electricity and Water Dr. Mohammad Al-Faris announced Monday the discovery of two new oil fields for the Kuwait Oil…
The OPEC+ group of oil producers should be vigilant and cautious amid the emergence of the new variant of coronavirus, Saudi Energy Minister Prince Abdulaziz…
Egypt's tourism sector is eying a gradual recovery after revenues plunged by nearly 70% to $4 billion in 2020 due to the coronavirus pandemic, the tourism…
Bitcoin fell sharply on Monday, losing ground from a record high of $34,800 touched a day earlier, with traders citing volatility in highly leveraged futures…
Dubai Airports and the operator of Hyderabad airport, GMR Hyderabad, have agreed a logistics deal for COVID-19 vaccine distribution to handle up to 300 tons of…
Tunisia aims to boost its exports to Africa by $741 million, or a 5 percent increase, announced general director of Tunisia’s Export Promotion Center (CEPEX)…
The United Arab Emirates has doubled its federal budget 130 percent in 15 years, said the ruler of Dubai on Sunday. The volume of the country’s economy is…
Turkish annual inflation rose more than expected to 14.6% in December as food costs jumped, official data showed on Monday, keeping pressure on the central…
Germany saw its electricity export surplus shrink by 46.2% in 2020 to 18.9 terawatt hours (TWh), raising the prospect that its dependency on neighbors could…
Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in a report on Monday, with the market still reeling from…
UAE's Sharjah National Oil Corporation (SNOC) and partner ENI announced on Sunday the start of gas production at the recently discovered Mahani field in…
The Central Bank of Libya on Sunday introduced a new unified exchange rate agreed last month after years of division between rival branches based on opposing…
Egypt’s revenues from the Suez Canal in 2020 reached $5.61 billion, marking a 3% decline to compared to 2019, the canal authority said in a statement on Sunday…
The Sudanese people have welcomed the new year with increased prices of electricity for the residential and industrial sectors, despite the government’s…
Egypt's cabinet media center has denied that the prices of gas cylinders hiked due to the shortage in supply. In a statement on Saturday, the center…
The number of commercial agency and professional licenses issued during the Q3 of last year 2020 reached 661, according to statistical data of the Ministry of…
UAE Undersecretary of the Ministry of Energy and Infrastructure for Energy and Petroleum Affairs Sherif Al Olama has welcomed a high-level delegation from the…
Oman announced its 2021 state budget with expenditures of up to $28 billion, an 18 percent drop from the previous year. The government expects revenues of…
Egypt has signed nine new agreements, valued at more than $1 billion, with six local and international companies for exploration of oil and natural gas,…
The Saudi new mining investment law came into force on Friday and aims to attract foreign investors to the sector and boost the mineral industry in Saudi…
A total of 538 family enterprises, about 63 percent of operating establishments in Saudi Arabia, contribute to $216 billion of the national growth development…