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…
The governor of the Saudi General Authority of Zakat and Tax (GAZT), Suhail Abanmi, has called for boosting cooperation between the Egyptian and Saudi…
The 2020 G20 Riyadh summit, held under the Saudi Presidency of the G20, has produced initiatives and created international pathways that contribute to…
Iraq's Oil Minister Ihsan Abdul Jabbar said that Iraq didn't ask OPEC for exemption from a pact aimed at reducing output. His statements were made…
The Saudi Central Bank (SAMA) and the Central Bank of the United Arab Emirates (CBUAE) announced the results of "Aber" Project. In light of the ongoing…
The Central Bank of Iraq announced the launch of the electronic collection platform for the Housing Fund. The project will ensure that the fund completes…
Samir Khalil, executive director for the Pharmaceutical Research and Manufacturers of America (PhRMA) Middle East and Africa (MEA), confirmed that Saudi Arabia…
Egypt’s subsidy bill for petroleum products declined 77 percent to EGP18.6 billion ($1.19 billion) in the financial year (FY) 2019-20 that ended in June 30,…
Saudi Arabia hosted last week the G20 Leaders Summit as tourism throughout the world is enduring its worst ever crisis due to the novel coronavirus pandemic. …
DIFC FinTech Hive, part of Dubai International Financial Center (DIFC), has signed a landmark agreement with Israel’s FinTech-Aviv, Emirates News Agency…
Dubai said Saturday that customs transactions rose by 24.5% over the first nine months of 2020, reflecting the strength and resilience of the economy. The…
Circular Carbon Economy: Global Saudi Initiative for Energy Sustainability, Environmental Protection
Saudi Arabia’s concept of circular carbon economy strategy has found an international welcome during the Saudi G20 Summit. The proposal constitutes a…
A recent survey has revealed an opportunity for Gulf Cooperation Council (GCC) states to move to a regionally integrated gas market, which enhances efficiency…
The Kingdom of Morocco and the Russia signed a new fisheries cooperation agreement after a former agreement, signed in 2016, expired in March this year. The…
The raging coronavirus pandemic kept crowds thin at malls and stores across the United States on Black Friday, but a surge in online shopping offered a small…
As the outbreak of the coronavirus pandemic has led to new realities in trade, business and infrastructure around the world, the G20 had to come up with…
Qiddiya Investment Company (QIC) awarded construction contracts of $533m (2bn riyals) on the Qiddiya giga project, since construction kicked off almost one…
Abu Dhabi-headquartered Al Dahra Agricultural Company and Israel’s Watergen have signed a strategic partnership in the field of water security. The…
The Abu Dhabi National Oil Company (ADNOC) announced Friday the award of a contract worth up to $519 million (AED1.9 billion) to further expand the scope of…
Saudi Arabia and several countries have launched a new organization to accelerate the growth of the digital economy, a statement from the Saudi Communications…
Egypt has accounted for 32 percent of the projects implemented in the Common Market for Eastern and Southern Africa between January and July 2020, according…
Saudi Arabia’s fight against corruption and its disastrous repercussions on human and economic development goes beyond guarding its internal environment to…
The Saudi Arabian Oil Company, Saudi Aramco, has completed the issuance of $8 billion worth of senior international bonds, it announced in a press release on…
Various reform proposals made at the G20 Riyadh summit will contribute to restoring confidence in the post-pandemic global economy, trade and investment, and…
Restructuring consultancy Alvarez and Marsal confirmed on Thursday that it had withdrawn from a forensic audit of Lebanon's central bank as it had not…