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 Aramco Development Co, a subsidiary of Aramco, has teamed up with Google Cloud to offer cloud services to customers in Saudi Arabia, Aramco said on…
The Saudi Central Bank (SAMA) raised the issue size of its weekly SAMA Bill offering from SAR 3 billion to SAR 10 billion, as of today, Dec. 20, 2020. The…
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is expected to keep interest rates unchanged in its next meeting, HC Securities & Investment…
Fitch Ratings (Fitch) has affirmed ADNOC Group a standalone credit rating of AA+. According to Fitch, the rating reflects ADNOC’s high upstream production and…
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has issued AED420 million (($114 million) worth of trade credit support to the small and…
The head of Lebanon's airline said on Sunday the carrier would at some point need to demand payment for tickets bought in Lebanon using "fresh dollars", or…
man will start reforming its expensive system of subsidies in January by shifting the focus of its electricity and water spending to its poorest citizens, the…
Tunisia’s tourism returns have dropped by 64 percent to 1.9 billion dinars ($691 million) from early 2020 until December 10, compared to the same period in…
The UAE government signed the Resilient Government Charter, to join the network of resilient countries and governments. The network was established in…
Saudi Arabia and Russia confirmed on Saturday that they would continue to work on balancing the oil market and stressed the importance of cooperation among…
China published rules on Saturday for reviewing foreign investment on national security grounds, potentially broad measures that it insisted did not amount to…
An economic report expected a gradual quarter-on-quarter improvement in the Saudi economy during the remainder of the fourth quarter of 2020 and next year,…
Shares of Tesla Inc rose to a record high on Friday in a frantic day of trading as investors geared up for the electric carmaker’s much anticipated entrance…
The International Monetary Fund has completed the first review of Egypt’s reform program, allowing the country to draw $1.67 billion under a stand by…
Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz said that the OPEC Plus agreement saved the global oil industry, stressing that this market…
Saudi Arabia is aiming to attract new investments worth SR220 billion ($58 billion) by 2023, and more than SAR500 billion until 2030, Minister of Tourism…
Oil climbed to a nine-month high on Thursday after government data showed a fall in US crude stockpiles last week, while progress towards a US fiscal stimulus…
Emirati, Bahraini and Israeli officials in the energy sector discussed investment opportunities, as well as the mechanism to strengthen and develop them. …
World stocks scaled new peaks and oil marched higher on Thursday as investors lapped up risky assets on hopes of a US fiscal stimulus and the Federal Reserve's…
Saudi Arabia’s Ministry of Commerce and Investment identified 218 sensitive goods, and carried out periodic inspections to ensure the availability of…
Kuwait has signed a six-year, $106 million contract with Greek gas grid operator DESFA for the group to operate a liquefied natural gas import terminal in the…
Abu Dhabi Securities Exchange (ADX) and the Tel Aviv Stock Exchange (TASE) have signed a Memorandum of Understanding, the first time an Arab exchange has…
Egypt said on Wednesday that the United Arab Emirates has joined the Cairo-based Eastern Mediterranean Gas Forum as an observer. Egypt, Israel, Greece,…
Fiji dive operator Ashwin Pal was living his dream until the global pandemic hit, guiding tourists around an underwater wonderland of dazzling Pacific coral…