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…
Saudi-based Arbah Capital has announced its investors’ acquisition of the Commonwealth Campus, a $59m high income-producing diversified medical campus in Port…
Oman's expatriate worker population fell by more than 270,000, or nearly 16%, from the end of 2019 to November 2020, data from the National Center for…
The total foreign assets of the Central Bank of Oman increased by 8.1 percent by end of October, amounting to 6,769,500 thousand Omani riyals, compared to 6…
Iraqis living in Baghdad and Central Euphrates governorates are braving this year’s winter weather without the ability to turn on much needed electric heaters…
Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz announced that Saudi Aramco has discovered four new oil and gas fields in the Kingdom. He…
Dubai, the business and financial hub of the United Arab Emirates (UAE), has approved a 57.1 billion dirham ($15.55 billion) budget for 2021, when the economy…
Iraq aims to increase crude oil export capacity from its southern ports to 6 million barrels per day from the current 3.5 million barrels a day capacity,…
GFH Financial Group (GFH) has announced that it has acquired a majority stake in Roebuck Asset Management, a logistics and business space focused real estate…
Turkey will bring in structural reforms to break the "triangle of evil" of interest rates, inflation, and exchange rates, President Tayyip Erdogan said on…
Russia expects to support an increase in oil production by the group, known as OPEC+, of another 500,000 barrels per day (bpd) from February at next month’s…
The Saudi Central Bank and the Arab Monetary Fund (AMF) announced on Thursday the inclusion of the Saudi riyal as a settlement currency in Buna, the regional…
The trade and industry ministers of Egypt, Jordan and Iraq have agreed to kick off practical steps to achieve industrial and trade integration. During a…
The General Authority for Military Industries (GAMI) granted licenses to 54 international and local companies in the military industries field since the launch…
British and European Union negotiators sealed a Brexit deal on Thursday, just a week before the United Kingdom finally leaves the orbit of the 27-nation bloc,…
Turkey's central bank on Thursday hiked its main interest rate by two percentage points to 17 percent and promised further monetary tightening to help tamp…
The Saudi General Customs Authority has announced plans to bolster its future strategy to stimulate the national economy. It also revealed its…
Toyota Motor Corporation has established new mobility and energy liaison office for Saudi Arabia, in line with its commitment to promoting zero-emission…
International port operator DP World signed a deal Wednesday to develop a new deep-water port in Senegal worth over $1 billion, the company announced, its…
The Saudi Public Investment Fund (PIF) announced a string of new appointments in its executive team under the framework of an expansion strategy to achieve its…
Saudi Minister of Tourism Ahmed Al-Khatib affirmed that the Kingdom has everything required to realize its ambitious plan to become one of the world’s primary…
The shekel posted a 12-1/2-year high versus the dollar and stocks and bond prices rose on Wednesday, as Israel’s financial markets shrugged off the…
Iraq’s oil minister said on Monday that an agreement has been reached with Lebanon to start fuel export supplies to Beirut in 2021 using global prices. The…
Abu Dhabi National Oil Company (ADNOC) announced on Monday the signing of an exploration concession agreement with a consortium led by Eni Abu Dhabi, a…
Iraq’s cabinet on Monday approved a 2021 draft budget of 150 trillion Iraqi dinars ($103 billion) as the country wrestles with an economic and financial crisis…