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…
Turkey’s lira slipped on Friday after US lawmakers included mandatory Turkish sanctions in a defense spending bill that moves Washington a step closer to…
The Yemeni riyal witnessed a significant deterioration against foreign currencies prompting the Foreign Exchange Dealers Association in Aden to shut down all…
Wa’ed, the entrepreneurship arm of Aramco, signed a memorandum of understanding (MOU) with OQAL Angel Investors Network, the leading early-stage investor…
Turkey's annual inflation surged to 14.03% in November as the lira weakened, its highest since August 2019 and well above a 12.6% forecast, keeping up pressure…
The Saudi Ministry of Commerce has introduced a new system to the Chambers of Commerce that is centered on raising business competitiveness and developing…
Saudi Aramco announced on Wednesday a malfunction in one of the pumps at the petroleum derivatives distribution station in Saudi Arabia’s southern region. …
Dubai International Airport received its first inaugural flight from Tel Aviv on Tuesday, said the state news agency WAM on Wednesday. Israeli carrier…
The Fletcher School at Tufts University, in partnership with Mastercard, announced on Tuesday the launch of the Digital Intelligence Index, which highlights…
The Saudi Central Bank (SAMA) said on Tuesday that private banks have provided nearly 97 percent of the value of real estate financing contracts to individuals…
Lebanon’s Blom Bank has entered exclusive talks with Bahrain’s Bank ABC to potentially sell its ownership in Blom Bank Egypt, Blom Bank said in a statement on…
The Internet of Things (IoT) market in Saudi Arabia is predicted to grow to a whopping SAR 11.6 billion ($3.1 billion) by 2023, according to a statement issued…
Scientists and experts in Saudi Arabia began working on the circular carbon economy, a strategy that was launched during the Saudi G2O summit in Riyadh and…
Japan said on Tuesday it has reached a joint oil storage deal with state-run Kuwait Petroleum Corp (KPC) to lend it 3.14 million barrels (500,000 kiloliters)…
Iraqi oil exports fell to 2.709 million barrels per day in November, from 2.876 million bpd in the previous month, the oil ministry said on Tuesday. Exports…
Egypt is rushing ahead with plans for an expansion of its metro and railway networks and is near agreement with Bechtel Corp to implement Cairo’s sixth metro…
Turkish President Recep Tayyip Erdogan’s promise of a new economic era triggered a foreign-driven rally in the lira, but local investors have yet to be…
Recovery from the impact of the coronavirus pandemic on investment in Saudi Arabia’s Awqaf (Islamic endowments) has been detected after recording a sharp 20%…
The UAE is set to welcome the first Israeli technology delegation to the country at the landmark 40th edition of GITEX Technology Week, hosted at Dubai World…
Jordan's draft 2021 budget forecasts JOD9.9 billion (USD14 billion) in state expenditure and economic growth of 2.5 percent after the COVID-19 pandemic caused…
Lebanon’s economy faces an “arduous and prolonged depression,” with real GPD projected to plunge by nearly 20% because its politicians refuse to implement…
Saudi Aramco announced on Monday the expansion of its flagship program to increase local content and boost domestic supply chains. It is a significant…
Algeria will allow some domestic flights to resume from Dec. 6, the government said on Monday, as authorities seek to ease the financial impact of coronavirus…
Tunisia’s central bank kept its key interest rate unchanged at 6.25% on Monday, the bank said. The bank had cut its key interest rate in October by 50 basis…
Inflation in Sudan has risen to one of the highest levels in the world, and the country risks slipping into hyperinflation unless it gets its budget deficit…