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…
“Just like yesterday.” The phrase has been uttered a lot these days when referring to past and the upcoming G20 summit. Even though the coronavirus pandemic…
With Saudi Arabia’s presidency of the G20 for 2020, attention has been shifted – among many things – to Minister of State Fahad Almubarak who has been the…
Saudi Aramco said on Monday it has hired a group of banks ahead of a multi-tranche US dollar-denominated bond issuance, as the world's largest oil company…
The G20, under the presidency of Saudi Arabia this year, is set to support initiatives that facilitate trade, raise competitiveness and stimulate SMEs. The…
The 2020 G20 Riyadh summit is actively seeking solutions to challenges facing the global economy and alternatives that facilitate business and protect supply…
At Group of Twenty (G20) summits in 2009 and 2010, heads of state directed serious focus at challenges facing global trade, alarmed by statistics showing signs…
Egypt’s Minister of International Cooperation Rania Al-Mashat announced on Saturday that the Saudi Grant Management Committee provided a funding worth EGP 100…
Tunisia will reduce its planned 2020 budget deficit to 11.4% of GDP in its supplementary budget bill from 14% previously, according to a government document…
The compliance of OPEC+ with oil production cuts in October was seen at 101%, three OPEC+ sources told Reuters on Friday, maintaining a strong level of…
The United States, China and other G20 countries on Friday agreed for the first time on a common approach for restructuring government debt as the coronavirus…
GFH Financial Group B.S.C reported net profit attributable to shareholders at USD23.17 million for the nine-month period of 2020 compared with USD64.53 million…
Egyptian President Abdel Fattah al-Sisi confirmed that the newly-signed deal of maritime border demarcation between Egypt and Greece would maximize the…
The International Energy Agency (IEA) on Thursday cut its 2020 global oil demand forecast, citing a resurgence of the Covid-19 pandemic, with vaccines unlikely…
The Egyptian Cabinet approved Wednesday a draft law to exempt bonds that are offered for overseas investors from all taxes and fees. Beltone Financial…
Global oil demand will rebound more slowly in 2021 than previously thought because of rising coronavirus cases, OPEC said on Wednesday, hampering efforts by…
MSCI, the world’s largest index provider, on Wednesday reclassified Kuwait stock indexes to emerging markets status from frontier, a move that could funnel at…
Alibaba sales for its post-COVID-19 Singles' Day shopping extravaganza hit $74 billion, a haul that was overshadowed by a 10% drop in its shares on Wednesday…
The meetings of the Saudi-Iraqi Coordination Council, which concluded in Baghdad on Tuesday, brought about agreements and MoUs worth tens of billions of…
The Abu Dhabi National Oil Company, ADNOC, and TOTAL announced on Wednesday the delivery of the first unconventional gas from the UAE, Emirates News Agency…
The UAE’s Ministry of Finance (MoF) said that from the beginning of January until the end of August 2020,the total value-added tax (VAT) revenue amounted to…
Egypt’s annual urban consumer price inflation rose to 4.5% in October from 3.7% in September, official statistics agency CAPMAS said on Tuesday. Month-on…
The Saudi Export Development Authority will launch a “Made in Saudi” initiative in the first quarter of 2021 to accelerate the industrialization process and…
Saudi Industrialization and Energy Services Company (TAQA) announced that it has agreed to acquire a stake in OPT Petroleum Technologies Company which is…
The Abu Dhabi National Oil Company, ADNOC, and ADQ, one of the region’s largest holding companies announced TA’ZIZ as the name of the new joint venture, JV,…