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…
Sudan has lowered pump prices for petrol and diesel for consumers, acting energy and mining minister Khairy Abdel Rahman said on Saturday. The government…
World Bank President David Malpass on Saturday warned G20 leaders that failing to provide more permanent debt relief to some countries now could lead to…
Saudi Minister of Investment Khalid al-Falih said on Saturday that foreign direct investment (FDI) increased by 12 percent in the first half of 2020 compared…
Moroccan Minister of Economy and Finance said that the health sector is among “the first priorities” of the government. Addressing the Finance and Economic…
South Africa’s finance ministry said on Saturday credit ratings downgrades by Moody’s and Fitch would increase the country’s borrowing costs and constrain its…
Italy's government has approved a new package worth around 10 billion euros ($11.9 billion) to support businesses hit by the second wave of the coronavirus…
Saudi Energy Minister Prince Abdulaziz bin Salman stressed on Friday that his country plays significant roles in protecting the global economy from several…
The Dubai International Financial Center (DIFC) and Israel's Bank Hapoalim have agreed to cooperate across financial services activities, the Dubai Media…
The 2020 G20 Riyadh summit will kick off on Saturday, bringing together the leaders of the world’s top economies. Saudi Arabia is hosting the event amid…
UN Secretary-General Antonio Guterres called on G20 leaders, whose summit will be hosted by Saudi Arabia this weekend, to be bold in pandemic response. The…
UAE Minister of State Ahmed Al Sayegh, a G20 Sherpa, has said that the Saudi presidency for the Group of 20 major economies “set itself a very ambitious agenda…
The International Monetary Fund (IMF) said on Thursday it had reached a staff-level agreement with Egypt after the first review of a $5.2 billion financing. …
The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, said on Thursday it has increased its stake in ACWA Power to 50% from 33.6% as part of a move…
The Saudi B20 chair, Youssef al-Benyan, called on the G20 to continue to provide financial support to small and medium enterprises (SMEs) and to grant them…
Amazon's director in France floated the possibility Friday of postponing its "Black Friday" discount shopping promotion by a week amid broad concerns that…
EL AL Israel Airlines and UAE's Etihad Airways are set to explore deeper cooperation following the signing of a virtual Memorandum of Understanding (MoU). …
Egypt has awarded 82 exploration blocks to 11 companies in an international bid round for mineral exploration, Petroleum Minister Tarek El Molla said on…
KIKLABB and NY Koen Group have announced a partnership agreement which aims to facilitate cultural understanding, foreign investment and business development…
Turkey’s central bank raised its benchmark interest rate on Thursday, in a bid to tame inflation and to prop up the struggling currency. The bank said it…
The G20 is predominantly known for its annual Leaders' Summit, which brings together G20 members, invited countries’ heads of states, and relevant…
Nawah Energy Company, the Joint Venture nuclear operations and maintenance subsidiary and Korea Electric Power Corporation, KEPCO, has announced that the…
Oman's Sultan Haitham bin Tariq has affirmed that austerity measures endorsed by the authorities aim at achieving “financial sustainability.” Sultan…
Climate change and tax issues dominated the two-days discussions of the G20 Brisbane 2014 summit in Australia, concluding with a pledge to accelerate global…
In continuation of Saudi Arabia’s successful leadership of the G20 this year, and under the supervision of the G20 Saudi Secretariat, the Saudi Data & AI…