Egypt aims to accelerate energy projects with Libya, including gas pipeline links, refining of Libyan crude in Egypt and an electricity interconnection,…
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…
A total of 538 family enterprises, about 63 percent of operating establishments in Saudi Arabia, contribute to $216 billion of the national growth development…
Saudi Arabian shares ended 2020 higher, outperforming other Middle East markets in a pandemic-ravaged year on the back of a recovery in oil prices and strong…
ADNOC Distribution on Thursday announced the execution of a definitive agreement to acquire 15 service stations in Saudi Arabia, reaffirming its commitment to…
Algerian President Abdelmadjid Tebboune on Thursday approved a 2021 budget which foresees a deficit of around 14 percent of GDP, the presidency said, as the…
Egypt’s cabinet said on Thursday it agreed a draft bill to allow the state grains buyer, the General Authority for Supply Commodities (GASC) to co-found a…
The Nusaned Council revealed that since its launch, it has graduated 106 investors qualified to start projects that will create 6,610 jobs and contribute more…
Saudi Arabia seeks speeding up the growth of economic digitization, technology adoption and digital entrepreneurship after the cabinet approved the digital…
Turkey’s foreign trade deficit has surged beyond $45 billion so far this year, data showed on Thursday, as fallout from the pandemic extended the economy’s…
The total value of Egyptian exports in the first 11 months of 2020 amounted to about USD22.8 billion, which is a slight decrease compared to USD23.3 billion…
Iraq agreed a $2.625 billion deal with South Korea's Daewoo Engineering & Construction on Wednesday to build the first phase at its planned Faw commodities…
Saudi Arabia’s Public Investment Fund (PIF) on Tuesday announced the launch of the National Security Services Company (SAFE) in a move that aims to further…
Lebanon can ration $2 billion (£1.48 billion) in reserves left for subsidies to last six more months, the caretaker prime minister said on Tuesday, as the…
Following the signing of the implementation agreement for the $300 million Independent Power Project in January 2020, ACWA Power Tuesday executed the official…
Wizz Air Abu Dhabi, the UAE's newest national airline, on Tuesday confirmed that Athens will be its inaugural destination, with flights from Abu Dhabi…
Iranian Energy Minister Reza Ardakanian arrived in Iraq on Tuesday to discuss a number of issues and Iraq’s energy debts to Iran. Heading an Iranian…
Egypt is aiming to secure a second bumper crop of oranges this season in order to keep its spot as the world’s leading exporter of the citrus fruit, producers…
Turkey’s Energy Market Regulatory Authority (EMRA) said Monday that Ankara has begun electricity exports to Iraq through the Silopi-Zakho transmission line. …
The Saudi Exports Development Authority and the Council of Saudi Chambers signed Monday a memorandum of cooperation to build a strategic bilateral partnership…
Jordan’s Capital Bank Group finalized a deal on Tuesday to acquire top Lebanese lender Bank Audi’s businesses in Iraq and Jordan in move to diversify and…
Egypt’s balance of trade deficit shrank by 28.8 percent year-on-year (YoY) to $2.9 billion in October from $4.1 billion in the same month a year earlier,…
Egypt, the world’s largest wheat buyer, expects prices to stabilize in the coming months after recent highs driven by uncertainty during the coronavirus…
Russian Deputy Prime Minister Alexander Novak said on Monday he expected there would be 5 million to 6 million bpd additional oil demand in 2021, which has not…
Saudi Telecom Company (STC), the largest telecom operator in the Kingdom, and eWTP Arabia Capital, one of the largest venture capital funds in the region,…
Saudi Arabian Military Industries (SAMI), a wholly owned subsidiary of the Public Investment Fund (PIF), announced on Monday that it has acquired Advanced…