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 European Bank for Reconstruction and Development (EBRD) expects Turkey’s economy to contract by 3.5% this year. The EBRD, whose investments in Turkey…
Saudi Arabia’s Minister of Finance Mohammed al-Jadaan said at a virtual IMF and G20 high-level forum held Wednesday that the economic fallout caused by COVID…
UAE's Mubadala Investment Company, one of the world’s largest global investors, and Silver Lake, the global leader in technology investing, announced boosting…
OPEC oil output has risen for a third month in September, a Reuters survey found, as a restart of some Libyan installations and higher Iranian exports offset…
Royal Dutch Shell will axe up to 9,000 jobs or more than 10 percent of its global workforce, the energy giant said Wednesday as the coronavirus pandemic slams…
The United Nations chief says the COVID-19 pandemic has taken “an unprecedent toll” especially on the economies of many developing countries and the world has…
Abu Dhabi's Etihad Airways is still studying whether it ever resumes Airbus A380 flights, its chief executive Tony Douglas said. "The jury is out" on…
Kuwait's National Assembly approved on Tuesday amendments to draft laws related bankruptcy. The second draft approved by 37 and opposed by 7 of 45 present…
Egypt sold $750 million in five-year Green bonds on Tuesday, a document showed, in the first sale of such bonds by a government in the Middle East and North…
The “Forum Environment 2020: Towards a Sustainable Healthy Environment,” organized by Asharqia Chamber, expect environment-related activities to generate 100…
The Moroccan Minister of Economy, Finance, and Administration Reform, Mohamed Benchaaboun, said Monday that the implementation of the 2020 finance bill has…
The Turkish lira plumbed new lows on Tuesday and the Russian rouble fell to a four-and-a-half year low against the euro as heavy fighting between Azeri and…
Carlos Ghosn, the former Nissan and Renault head who fled Japan where he was facing trial, is launching a university management and business program in Lebanon…
Thailand will receive its first foreign vacationers when a flight from China arrives next week, marking the gradual restart of a vital tourism sector battered…
Saudi Arabia’s Tourism Development Fund on Monday signed an agreement with Riyadh Bank and Banque Saudi Fransi to finance up to 160 billion riyals ($43 billion…
The Turkish lira hit a record low on Monday on growing concerns around clashes between Armenian and Azeri forces, while emerging market stocks tracked gains in…
Standard & Poor’s Global credit rating agency placed its credit rating of Saudi Arabia at A- / A-2 with a stable outlook. In a statement, the agency said…
Saudi Aramco announced it will be producing the first shipment of blue ammonia in partnership with the Institute of Energy Economics, Japan (IEEJ), and SABIC. …
Egypt has inaugurated the Egyptian Refinery Project in Mostorod area in Greater Cairo, one of the largest oil refineries in the country and Africa, with an…
Palestine’s domestic tourism revenues, including inbound and domestic tourism, dropped about $1.15 billion after the spread of the coronavirus, according to an…
Jordan signed an agreement to sell electricity to Iraq and connect the two countries' power grids, according to an official Jordanian source. The agreement…
The United Arab Emirates on Sunday urged the Gulf Cooperation Council to strengthen its joint action and develop mechanisms to address economic and commercial…
The G20 leaders summit will be held virtually on Nov. 21-22, Saudi Arabia said on Monday. The summit, which will be chaired by Custodian of the Two Holy…
Saudi Arabia is currently working on enhancing energy efficiency through a huge project to prepare executive guidelines to implement the directives and…