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…
Algeria’s Sonatrach and Italian oil major Eni on Thursday signed a memorandum of understanding to boost their exploration and production partnership in the key…
Morocco has successfully issued $3 billion bonds on the international financial market in three tranches, announced the Ministry of Economy, Finance, and…
The Saudi Cabinet’s approval for the law on the treatment of systemically important financial institutions (SIFIs) allows the Saudi Central Bank (SAMA) to…
The UAE government received an Aa2 rating in creditworthiness with a stable outlook for the national economy by the international rating agency, Moody's. …
Abu Dhabi National Company (ADNOC) said on Wednesday it had signed an exploration concession agreement with Occidental Petroleum Corp (Oxy) for onshore Block 5…
Bahrain’s national airline Gulf Air signed five agreements with Israeli entities during a Bahraini trade visit in the past week to Israel, Gulf Air said on…
Saudi Arabia said Tuesday it will double the radio spectrum by more than 10 times in the next five years, noting that it is currently working on preparing a…
Saudi Minister of Investment Khalid al-Falih asserted that Saudi Arabia continues to support and diversify its national economy within the framework of Vision…
Director-general of Dubai Customs expected e-commerce sales in the United Arab Emirates to rise 23 percent to USD27 billion (AED100 billion) in 2022. Ahmed…
Moroccan Minister of Economy and Finance Mohamed Benchaaboun discussed with a number of representatives of various state sectors and public enterprises a…
Abu Dhabi National Oil Co. (ADNOC) has launched its second trading entity, in a joint venture with energy giants Eni and OMV. ADNOC Global Trading (AGT)…
Aramco and Baker Hughes announced the formation of Novel, a 50/50 Joint Venture (JV) to develop and commercialize a broad range of non-metallic products for…
Saudi Arabia’s Madinah Governor Prince Faisal bin Salman bin Abdulaziz has underlined the work done by the General Authority for Small and Medium Enterprises …
Finance ministers and central bankers from the Group of Seven (G7) advanced economies strongly supported the need to regulate digital currencies, the US…
The Emirates Nuclear Energy Corporation, ENEC, has announced that its operating and maintenance subsidiary, Nawah Energy Company, Nawah, has successfully…
The Saudi-Iraqi Businessmen Forum kicked off in Baghdad on Monday under the sponsorship of Iraqi Prime Minister Mustafa al-Kadhimi. Delegations discussed…
Saudi Minister of Finance Mohammed Al-Jadaan said that the Kingdom showed a “very rapid” response to the crisis caused by the COVID-19 pandemic. Speaking at…
Oman’s Ministry of Finance has announced the establishment of a new government-owned Energy Development Oman (EDO) Company, which will take a stake in the…
The average US price of regular-grade gasoline rose 4 cents a gallon over the past two weeks to $2.22. Industry analyst Trilby Lundberg of the Lundberg…
Saudi Arabia raised oil pricing for customers in its main market of Asia after optimism over coronavirus vaccines caused crude prices to climb to an eight…
Iraqi Oil Minister Ihsan Abdul Jabbar called for maximizing the production of light crude oil to achieve additional financial revenues that support the…
Oman plans to amend labor laws, introduce new taxation and end some "long-standing" subsidies while ensuring that low-income families are protected, the Gulf…
Saudi Aramco said on Friday that normal and full flow of operations in the petroleum derivatives distribution station in Jazan has been restored. “Our…
OPEC and Russia on Thursday agreed to slightly ease their deep oil output cuts from January by 500,000 barrels per day but failed to find a compromise on a…