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…
Abu Dhabi National Oil Company (ADNOC) will look at expanding into clean energy, with investments in hydrogen an area of interest for the oil producer, chief…
The Group of 20 nations said Wednesday it has agreed to extend the suspension of debt payments by an additional six months to support the most vulnerable…
A joint coordination council has revealed Saudi Arabia’s aspiration to raise the value of investments in Iraq to SAR10 billion ($2.6 billion). It stressed…
Amin Al-Nasser, CEO of Saudi Aramco, said on Tuesday that the oil market has passed the worst stage with the recovery in global demand for crude, which now…
Mubadala Investment Company has announced that it is pumping 200 million euros into Evotec SE, a German pharmaceutical company that specializes in drug…
World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, OPEC said on Tuesday, adding to headwinds faced by the…
Saudi Aramco is in talks with BlackRock and other investors on a planned deal worth over $10 billion to sell a stake in its pipeline business, sources said. …
Sudan’s annual inflation accelerated to 212.29% in September from 166.83% in August, driven by food and transport prices, the state statistics office said on…
The finance ministers and central bank governors of the G20 countries will hold a meeting on Wednesday under the presidency of Saudi Arabia to discuss recent…
The Saudi Arabian Monetary Authority (SAMA) completed on Monday the electronic link program (Tanfeeth) with enforcement courts in the Ministry of Justice. …
Middle East and North Africa committed gas investments held steady while planned gas investments reach USD126 billion, a 29 percent jump compared to last year,…
Oman issued a royal decree on Monday that sets the stage for the sultanate to start collecting value-added taxes beginning in April as it grapples with the…
The ship-to-shore crane paused above the cargo ship just arrived from Dubai, then set its load down on the Haifa pier in Israel. One after another, eight…
Turkey's central bank, faced with a record-low currency and widening current account deficit, further left behind ultra-loose measures adopted during the…
An economic report on Sunday has stressed the need to restructure social priorities in Saudi private sector companies and tying them to Vision 2030’s…
Sudanese officials in the Transitional Government and signatories of the peace agreement have repeatedly responded that the “cost of war was greater than the…
Iraq is considering lowering prices of high-octane fuels due to the economic and financial conditions striking the country as a result of the spread of COVID…
Malaysia’s state energy firm Petronas on Monday announced the start of production from Phase 2 of its Ghazeer gas field located in Block 61, Oman, three years…
Libyan state-owned National Oil Corporation (NOC) lifted on Sunday the state of force majeure on Sharara oilfield, the country's largest oilfield, while a…
The Iranian rial fell to a new low against the US dollar on Sunday as a record daily death toll from COVID-19 compounded concerns over new US sanctions which…
The UAE Cabinet has adopted a decision approving the issuance of a Federal Decree Law on Financial Covenants, which provides a legislative framework that will…
Saudi Arabia’s National Commercial Bank said Sunday it will purchase rival lender Samba Financial Group in a deal valued at $14.8 billion, creating what would…
Saudi Minister of Human Resources and Social Development Ahmed Al-Rajhi received the closing statement of the civil society engagement group for the G20…
The economic damage as well as the health costs caused by coronavirus has left Africa needing $1.2tn (£920bn) over the next three years, the International…