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 Moroccan government, the World Bank and the International Monetary Fund on Thursday said they will postpone plans to hold the World Bank Group-IMF Annual…
Saudi Arabia's Public Investment Fund said Thursday it will invest approximately $1.3 billion for a 2.04 percent stake in Indian conglomerate Reliance…
The European Union's executive commission on Thursday lowered its growth forecast for the economic rebound from the coronavirus pandemic next year and said the…
Prime Minister Hichem Mechichi affirmed that the economic situation has aggravated, saying "Tunisia has not witnessed any similar economic and social crisis.” …
Indonesia´s economy has fallen into recession for the first time since the Asian financial crisis more than two decades ago as the country struggles to control…
Turkish President Recep Tayyip Erdogan expressed optimism that the economy will continue its positive performance and growth in the fourth quarter of 2020,…
Sudan aims to improve its economic sector to increase investment opportunities in the private sector, especially after the US said it will lift Khartoum from…
Saudi Arabia’s Capital Market Authority (CMA) revealed there are currently 15 applications for new listings in the Saudi stock market (Tadawul) awaiting…
An Indonesian delegation met on Tuesday with a number of Saudi businessmen and investors to discuss available investment opportunities in the Hajj and Umrah…
Saudi Arabia launched on Wednesday the Labor Reform Initiative aimed at improving the contractual relationship between workers and employers. The Ministry…
Share markets were whipsawed, while bonds and the dollar gained on Wednesday as results from the US presidential election proved far closer than polls had…
United Arab Emirates airline flydubai on Wednesday said it would start direct flights to Israel this month with twice daily services between Dubai and Tel Aviv…
German automaker BMW said third-quarter net profit rose 17% to 1.81 billion euros ($2.22 billion) as regional auto markets recovered and highly profitable…
Morocco reported a loss of 581,000 jobs between the third quarter of 2019 and the same period this year. The national economy lost 237,000 jobs in urban…
Saudi Arabia’s non-oil private sector expanded for the second consecutive month in October as output grew at a solid pace, recording its best performance in…
China National Offshore Oil Corp (CNOOC) has awarded a tender to buy liquefied natural gas (LNG) from the trading arm of Saudi Aramco in Singapore through the…
Libyan oil production has risen to about 850,000 barrels per day (bpd), a Libyan oil source told Reuters on Tuesday, up from about 800,000 bpd on Oct. 31. …
Around 85,000 more people have claimed temporary COVID-19 jobless benefits since Ireland moved to the highest level of restrictions to fight the virus two…
Turkey’s inflation marched higher in October, when the embattled lira shed value to finish as the world’s worst-performing currency. Consumer prices last…
Euro zone bond yields rose on Tuesday with markets increasingly confident challenger Joe Biden would win the US presidential election, although trading was…
The Saudi General Authority of Customs confirmed the smooth flow of Syrian exports through Saudi ports to the local markets, indicating that trucks coming from…
Saudi Arabia’s oil and gas giant Aramco announced Tuesday third quarter profits of nearly $12 billion despite that share prices of global oil companies have…
The new four-week lockdown to curb the spread of COVID-19 in France is expected to reduce economic activity by about 15%, a Finance Ministry source said on…
Saudi Arbah Capital announced on Monday the successful exit for its investors of a £27 million facility for the Regent Crescent high-end residential…