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…
International tourist arrivals to Spain fell 87% year-on-year in September, official data showed on Tuesday, as restrictions related to a steep increase in…
The COVID-19 pandemic and a faster transition to renewable energy sources will have a permanent impact on global oil demand, Norway’s biggest independent…
Tunisia's government said on Monday it had withdrawn the supplementary budget bill for 2020 that would have entailed the biggest deficit in decades, after both…
Morocco’s trade deficit shrank by 22.2% to 120 billion dirhams ($13 billion) in the first nine months of 2020, the foreign exchange regulator said on Monday. …
The Entrepreneur Union Summit, which is held on the sidelines of the G20 meetings, currently chaired by Saudi Arabia, announced on Sunday the adoption of five…
The Red Sea Development Company (TRSDC), the developer behind Saudi Arabia’s flagship international regenerative tourism initiative “The Red Sea Project”,…
Saudi Arabia’s Public Investment Fund (PIF) is continuing to focus on acquisitions in the Indian private sector. It recently invested $500 million (SAR 1.88…
The Think20 (T20) engagement group concluded its meetings on Sunday, presenting 32 recommendations, proposed by 11 working groups, to G20 president, Saudi…
Oman expects to introduce an income tax on high earners in 2022, the ministry of finance said in a 2020-2024 economic plan, new details of which were published…
Parched fields stretch as far as the eye can see on plains overlooking Agadir in southwestern Morocco, as precious water resources are diverted from the…
The cabinet of the United Arab Emirates approved a federal budget of 58 billion dirhams ($15.8 billion) for the fiscal year 2021, state news agency WAM…
The Think 20 summit (T20), which provides the intellectual backbone of the Group of Twenty international forum (G20), on Saturday revealed that Saudi Arabia…
Dubai has unveiled significant new environmental and sustainability initiatives worth AED 6.6 billion ($1.785 billion) including a project to build the Dubai…
The Urban 20, a G20 Engagement Group, announced on Friday that it is working to create a Global Urban Resilience Fund in response to the coronavirus pandemic. …
Energy Ministers of the Group of 20 major economies said Friday they have endorsed the Circular Carbon Economy Platform as a tool to manage emissions and…
Saudi Arabia is organizing the first international gathering aimed at stimulating social innovation in the private and business sectors. Organized by the…
Kuwait said on Thursday it would support any decision made by OPEC and its allies on future oil supply policy. “Kuwait fully supports the joint OPEC+…
Mubadala Investment Company, the Abu Dhabi-based strategic investment company, on Thursday completed the transaction for Vienna-based oil and gas company OMV…
Etihad Airways on Wednesday sold $600 million in five-year “transition” sukuk, or Islamic bonds, which help fund the shift to a greener future. It set the…
Saudi Arabia’s Tourism Development Fund (TDF) signed two memorandums of understanding (MoUs) with Fakieh Group to establish two mega tourism projects in Taif…
Tawuniya, the main insurance coverage firm in Saudi Arabia, and in partnership with the “Vitality” Group, announced the launch of the “Tawuniya Vitality”…
ACWA Power, a leading developer, investor and operator of power generation and desalinated water plants worldwide, announced Wednesday that its South African…
Saudi Payments, a Saudi Arabian Monetary Authority (SAMA) subsidiary, has revealed an unprecedented figure for e-payments. Such payments exceeded two…
Turkey’s central bank raised its 2020 inflation forecast more than 3 percentage points to 12.1% on Wednesday, saying higher import costs due to a record-weak…