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…
Former Audi boss Rupert Stadler on Wednesday becomes the first to stand trial in Germany over the "dieselgate" emissions scandal, five years after parent…
Ford, Nissan and BMW unveiled electric models with more range for China on Saturday as the Beijing auto show opened under anti-virus controls that included…
With the start of the new academic year, the Saudi IT and communications sector registered a fast growth, especially as the Kingdom has resorted to distance…
Egypt’s central bank unexpectedly cut its main overnight interest rates by 50 basis points on Thursday, saying exceptionally low inflation gave it room to help…
Morocco successfully issued €1 billion bonds on the international financial market, two tranches of €500 million each, announced the Ministry of Economy,…
Iraq’s Ministry of Electricity announced Friday that 3,000 megawatts will be added to the national grid, after the US has renewed a waiver for Baghdad to…
The Group of 20 major economies on Friday said they are looking at structural approaches to secure longer-term financing for developing countries, including…
The Dubai Airport Free Zone Authority (DAFZA) has signed a memorandum of understanding with the Federation of Israeli Chambers of Commerce (FICC), Dubai Media…
Saudi Minister of Commerce and Investment Dr. Majid bin Abdullah al-Qasabi has stated that Saudi Arabia is “assessing all the options” to boost its economy…
he International Monetary Fund’s executive board has approved plans to monitor a 12-month economic program by Sudan as it seeks to demonstrate its ability to…
The Dubai Chamber of Commerce and Industry said it has signed a deal with Tel Aviv Chamber of Commerce, represented by the Federation of Israeli Chambers of…
Moody's Investors Service has downgraded Kuwait's long-term issuer outlook, citing higher liquidity risks and weaker governance and institutional strength,…
The United Arab Emirates central bank said banks should increase anti-money laundering efforts to safeguard financial stability in the country. “To mitigate…
Jordan's remittances, one of the country's main sources of foreign currency, fell 10 % to $1.94 bln in the first seven months year-on-year, reaching levels it…
The national carriers of the UAE and Saudi Arabia resumed flights between Dubai and several Saudi cities as the Kingdom celebrated its 90th national day on…
The United Arab Emirates’ Minister of Energy and Infrastructure, Suhail bin Mohammed Al Mazrouei, held talks on Wednesday with Israeli Minister of Energy Yuval…
G20 Trade and Investment ministers have expressed concern with the serious risks posed by the coronavirus pandemic to all countries, pledging to continue…
Chopard, in collaboration with partner Attar United, opened its new design concept boutique located at the luxurious Kingdom Mall in Saudi Arabia. The mall is…
Dubai-based airline, flydubai announced the resumption of flights to Malé, the capital of the island nation, the Maldives. The service, which the carrier…
The UAE announced Tuesday that the reactor of Unit 1 of the Barakah Nuclear Energy Plant has achieved 50 percent of its electricity production capacity. …
Saudi Arabia's capital, Riyadh, has achieved qualitative progress in the "IMD" index of smart cities for the year 2020, issued by the International Institute…
Six states signed a charter for an Egypt-based energy forum on Tuesday, giving formal status to a group that seeks to promote natural gas exports from the…
Germany's Ifo institute on Tuesday said Europe's largest economy would likely shrink by 5.2% this year, raising its previous estimate for a 6.7% drop, in the…
The Saudi national economy is recovering from severe economic repercussions of the Covid-19 pandemic thanks to a set of fiscal and monetary policies adopted by…