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…
Australia said Wednesday it will ask the World Trade Organization to probe Chinese tariffs on barley imports, ramping up tensions between the two a day after…
Mubadala, the Abu Dhabi-based sovereign investment company, announced Tuesday that it will be taking a significant stake into Asper Investment Management’s …
Egyptian exports to the Japanese market have surged by 76% during the first five months of 2020, recording $176 million compared to $100 million during the…
Saudi Minister of Finance Mohammad Al-Jadaan said his government was seeking to empower the private sector and to provide it with new opportunities. He also…
Apple Inc plans to manufacture up to 96 million iPhones in the first half of 2021, a nearly 30% year-on-year increase owing to strong demand for its 5G…
Morocco’s central bank kept its benchmark interest rate unchanged at 1.5% on Tuesday as it seeks to help the economy deal with the fallout of the coronavirus…
The involvement of Sudan’s military in the private sector is “unacceptable,” and such enterprises should be turned into public companies, Prime Minister…
UAE Minister of Energy and Infrastructure Suhail Al Mazrouei virtually met on Thursday with Miri Regev, Israeli Minister of Transportation and Road Safety…
Sudan’s finance ministry said on Monday it had approved the establishment of stock exchanges for gold, minerals and agricultural commodities. The decision…
The Arar border crossing between Iraq and Saudi Arabia will help revive the Iraqi economy and generate some 1 billion dollars in revenues in 2021, said the…
Bahrain’s Minister of Industry, Commerce and Tourism Zayed bin Rashid al-Zayani welcomed all global and regional investments in his country. Zayani met…
The Saudi Stock Exchange's main index ended trading higher on Sunday, gaining 0.50 points to close at 8644.47 points. The total value of the trading…
The export credit agencies of the United Arab Emirates (UAE) and Israel have signed a cooperation agreement to develop economic relations between the two…
The Red Sea Development Company (TRSDC) CEO John Pagano revealed that negotiations with local and regional investors in the flagship tourism project, dubbed…
More than 100 companies in Egypt use the country’s recently launched electronic invoice (e-invoice) system, revealed Finance Minister Mohamed Maait. In a…
The United Arab Emirates announced a new strategy that aims to develop an integrated tourism system to organize domestic tourism. The strategy is part of…
The UAE’s non-oil GDP is expected to grow by 3.6 percent by the end of 2021, the Central Bank of the UAE (CBUSE) has estimated. Its report comes as the…
Oman’s Consumer Price Index (CPI)-based inflation fell by 1.46 percent in November compared to the same month of 2019, according to the latest data released by…
The Saudi Ministry of Environment, Water and Agriculture is seeking to develop bee pastures to maximize the economic return, in light of the continuous growth…
Tunisia's Parliament has approved with 110 votes in favor, 21 against, and two abstentions, the 2021 budget law with a deficit forecast at 8 billion dinars, or…
The Turkish lira weakened on Friday after sources said the United States was poised to impose sanctions on Turkey over its acquisition of Russian S-400 air…
The Abqaiq Plants of Saudi Aramco have won the Global Award of the Business Continuity Awards 2020 presented by CIR. Continuity Insurance and Risk (CIR) is…
Dubai Ruler, Vice President and Prime Minister of the United Arab Emirates Sheikh Mohammed bin Rashid Al Maktoum issued a law on Contracts and Warehouse…
The UAE Ministry of Energy and Infrastructure, along with the Israeli Ministry of Energy, held their first natural gas and petroleum working group meeting to…