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 International Monetary Fund (IMF) on Monday placed Lebanon on the threshold of fragile states in the Middle East, stressing that the country should reform…
The second UAE cargo arrived in Haifa port on Monday while the first Emirati passenger flight landed near Tel Aviv, one month after both countries agreed to…
Saudi Arabia, the biggest member of the Organization of the Petroleum Exporting Countries (OPEC), said no-one should doubt the group’s commitment to providing…
Production at Libya's Sharara oilfield has risen to around 150,000 barrels per day, around half its capacity, two industry sources with knowledge of the matter…
An Emirati delegation, led by Khadim Abdulla Aldarei, Co-Founder and the Vice Chairman of Al Dahra Holding, has visited Israel upon an invitation from Netafim,…
Tunisia will have discussions with the International Monetary Fund (IMF) in coming weeks and may request more financing facilities, a senior official at the…
Etihad Airways said it will become the first GCC carrier to operate a commercial passenger flight to and from Israel, to bring Israel’s top travel and tourism…
The Saudi Geological Survey (SGS) on Sunday signed four contracts with international experts and consultants to implement projects related to the general…
Tunisia’s government will pump $1.5 billion into state firms as part of an attempt to overhaul the struggling sector and will pay a new installment of wage…
Abu Dhabi will host the oil and gas industry’s largest online exhibition and conference, as the ADIPEC Virtual Conference brings together over 5,000 government…
SABIC announced plans to expand the scope of converting crude oil to chemicals project with Saudi Aramco to include existing development programs of advancing…
The United Arab Emirates (UAE) and Israel have reached a bilateral agreement that will give incentives and protection to investors who make investments in each…
The World Bank should push ahead with its efforts to deliver $160 billion in coronavirus aid by June 2021 and explore additional emergency financing and debt…
Tunisia expects the coronavirus crisis to drive its budget deficit to 14% of gross domestic product in 2020, double the original target and the highest in…
The Sudanese government signed a memorandum of understanding with General Electric (GE) on Thursday aimed at increasing power generation by up to 470 megawatts…
The Abu Dhabi National Oil Company, ADNOC, announced today that Abu Dhabi Pension Fund, ADPF, and ADQ, one of the region’s largest holding companies, will…
UAE started it first round of negotiations with Israel over agreements to protect investments, which falls in line with the desire of both countries to…
Egypt on Thursday announced the launch of its debut green bonds on the London Stock Exchange (LSE) in a virtual event. The $750 million, five-year green…
News circulated on Wednesday about limits set by banks for cash withdrawals on Lebanese pounds of up to LBP2 million per month, which is equivalent to around…
Qatar’s economy performed its worst since at least 2012 during the second quarter amid lockdown measures to combat the coronavirus, Bloomberg reported. The…
Jada Fund of Funds and the Saudi Venture Capital and Private Equity Association signed an MOU on Tuesday to support common goals and interests. The deal…
Ryanair is to cut its planned winter capacity by a third due to a wave of travel restrictions imposed by European governments, the airline said on Thursday. …
Global oil stocks which rose during the height of the pandemic are being steadily reduced, the International Energy Agency (IEA) said on Wednesday, but a…
Egypt registered a primary budget surplus of 100 million Egyptian pounds ($6.39 million) in the first quarter of its 2020-2021 financial year, the cabinet said…