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…
Oman is discussing a loan of at least $1 billion with a group of banks, sources said, as the oil-producing Gulf state seeks more funding ahead of heavy debt…
Under Saudi Arabian presidency, the G20 is undertaking strong endeavors to promote the empowerment of women in the global economy. This is a key element in the…
Saudi Arabia’s Minister of Human Resource and Social Development (HRSD) issued a decree on Wednesday raising the minimum wages of Saudi employees. Minister…
From the French Cannes, the world’s attention turned to the coastal city of Los Cabos in Mexico, awaiting the outcome of the G20 leaders’ seventh summit, amid…
Saudi Arabia and Iraq announced the opening of the Jadidah-Arar border crossing - located at the northernmost point of the Kingdom - to become a vital lifeline…
Aramco announced on Wednesday a new contracting strategy for the Company’s oil and gas brownfield and plant upgrade projects. The strategy focuses on…
Saudi Arabia's sovereign wealth fund cut its exposure to North American equities by $3 billion in the third quarter, offloading some exchange traded funds …
Saudi officials voiced optimism towards the G20 2020 Riyadh summit producing a policy and recommendations platform that would enhance the recovery of the…
At a time safeguarding the planet is at the heart of efforts exerted by the Saudi G20 presidency, an environment-focused event revealed on Thursday that…
Saudi research centers, through their large contribution to preparatory sessions of the upcoming G20 Riyadh summit, have proven their ability to both lead…
Sudanese banks have started moves to re-establish relations with foreign banks as the United States prepares to remove Sudan from its state sponsor of…
Saudi Arabia called on fellow OPEC+ members on Tuesday to be flexible in responding to oil market needs as it builds the case for a tighter oil production…
OPEC and its allies see oil inventories declining further in 2021 should producers extend supply curbs for three months or more, a confidential document seen…
The Saudi Ministry of Finance, in coordination with the National Debt Management Center, signed an agreement with the Samba Financial Group to support…
The Saudi Shura Council approved on Monday a new draft law, which includes changing the name of the Saudi Arabian Monetary Agency (SAMA) to the Saudi Central…
The Saudi Ministry of Energy revealed on Monday comprehensive reforms and restructuring plans of the electricity in the country as part of its efforts to…
The report on the reality of the global Islamic economy in its eighth edition, entitled “Growth in spite of challenges,” estimates Muslim spending on halal…
The G20 Summit, under Saudi presidency this year, is seeking to coordinate efforts for implementing effective measures that soften the fallout of the…
Saudi Princess Maha Bint Mishari, who is co-leading the migration and young societies task force at the Think 20 (T20) engagement group of the G20, revealed…
Iraq’s debt has exceeded $160 billion after the fiscal deficit law was approved, while the foreign public debt alone ranges between $60-70 billion. MP…
Egypt’s unemployment rate fell to 7.3 percent during the third quarter of the year, down from 7.8 percent during the same period in 2019, announced the Central…
Saudi Arabia has made the greatest progress in the Middle East on the Legatum Prosperity Index 2020. Since 2010, the Kingdom has moved up the rankings table…
Saudi Arabia will host this week the Sustainable Production in the Health Sector Global Forum on the sidelines of Riyadh’s staging of the G20 Summit. The…
Shares started out the week on a strong footing after the Standard & Poors 500 hit a fresh high on Friday, with robust data from Japan and China adding to…