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 Saudi Secretariat of the G20, in cooperation with the Saudi Telecom Company (STC), has succeeded in working as a digital enabler for the agenda of the…
Lebanon’s central bank is studying lowering the threshold for obligatory foreign exchange reserves in order to continue subsiding key imports next year, as…
Dubai’s government is seeking to drop banknotes by shifting all payment transactions to secure and easy-to-use cashless platforms. Dubai said it has…
Saudi Arabia has demonstrated the highest levels of commitment in implementing the outputs of the G20 Summit related to cyber resilience, according to the…
The Makkah General Court issued a ruling of SAR 2.2 billion ($586 million) in favor of the State Properties General Authority (SPGA) after the latter had paid…
Saudi banks reaffirmed that the Kingdom’s banking sector had successfully overcome the bottleneck recession caused by the coronavirus pandemic which had hit…
Saudi economists predicted that outcomes of the 2020 G20 Riyadh summit would contribute to stimulating recovery for the global economy at a rate of 50%,…
Abu Dhabi's financial center, Abu Dhabi Global Market, will sign a memorandum of understanding with Israel Securities Authority and Israel's biggest lender,…
The Saudi Arabian Monetary Authority will be renamed to Saudi Central Bank under a new law approved by Custodian of the Two Holy Mosques King Salman bin…
Iraq is seeking an upfront payment of about $2 billion in exchange for a long-term crude-supply contract, the latest sign of Baghdad’s growing desperation for…
A Mastercard study has revealed the rapid growth of online shopping in Saudi Arabia, with nearly three out of four Saudi consumers (around 77 percent) shopping…
Deputy Governor of the Central Bank of Egypt (CBE) Rami Aboul Naga has announced that coordination among relevant authorities is underway to set a clear vision…
Bitcoin homed in on its all-time high on Tuesday after hitting $19,000 for the first time in nearly three years. The world's most popular cryptocurrency was…
French business confidence dropped in November to a five-month low as the country entered a new coronavirus lockdown, hitting the services sector particularly…
Political and economic experts have unanimously agreed on the importance of the proposal put forward by Saudi Crown Prince Mohammed bin Salman during his…
The 2020 G20 Riyadh summit, under Saudi Arabia’s Presidency, has emphasized the importance of bridging the gender inequality gap and the need to empower women…
Iraq’s Oil Marketing Company (SOMO) has revised the price mechanism used to compensate buyers for fluctuations in the density of its crude exports, starting…
The United Arab Emirates has relaxed and removed a range of limits on foreign ownership of companies, state-run media reported Monday. The presidential…
Dubai said the economic growth rate could increase by up to 1% because of plans by the United Arab Emirates to extend to more categories a “golden” visa system…
Oman is offering $500 million of bonds due in 2027 and 2032 for sale in a tap of outstanding issues, a document from one of the banks arranging the reopening…
Algeria’s gas exports this year are expected to drop by 4.7%, energy minister Abdelmadjid Attar, hit by reduced demand from Europe and competition from cheaper…
Western Union, the world’s largest money transfer firm, has acquired a 15% stake in the digital payment unit of Saudi Arabia’s STC Group for $200 million. …
United Arab Emirates’ Energy Minister Suhail al-Mazrouei said on Monday the latest oil discoveries are part of state-owned Abu Dhabi National Oil Co’s efforts…
Egypt's Electricity Minister Mohamed Shaker said that his country's daily power reserves reached more than 15,000 MW, allowing it to establish electricity…