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…
Sudan on Thursday decided to reactivate the state of economic emergency and establish joint forces to stop the deterioration of the pound, which triggered…
The G20 Labor and Employment Ministers have stressed the importance of protecting jobs and acknowledged the value of technology and a human-centered approach…
Lucid Motors, which seeks to set new standards for sustainable transportation with its advanced luxury electric vehicles (EV), unveiled on Thursday production…
Saudi Arabia and India discussed cooperation opportunities and boosting investment and commercial ties, at a time when business and economic activities were…
Saudi Arabia’s Public Investment Fund (PIF) maintained its 8th position among the world’s largest sovereign wealth funds (SWFs) for September 2020, recent data…
The ACF Renewable Energy Limited, a subsidiary of Saudi Arabia’s ACWA Power, completed on Thursday a sale of its 100% stake in ACWA Power CF Karad PV Park EAD,…
Palestinian grape farmers are boasting a bumper crop this year, helped in part by coronavirus lockdowns that gave many of them more time to till their vines…
Saudi Arabia will open a regional office for the United Nations World Tourism Organization (UNWTO) in Riyadh as well as a global academy for tourism training,…
Egypt on Wednesday announced the formation of a commodities exchange which will initially trade wheat, oils, sugar and rice beginning in the first half of 2021…
Bahrain sold $2 billion in its second bond offering of the year on Wednesday, a dual-tranche issuance comprising seven-year sukuk and a 12-year conventional…
The UAE will allow small and medium-sized enterprises to benefit from assets including tools and raw materials as collateral to back loans, in order to…
Lebanon’s banking association has sought clarifications from the central bank about calls for the repatriation of deposits and other demands aimed at…
Amazon is on a hiring spree. In the latest sign of how it's prospering while others are faltering during the pandemic, Amazon said Wednesday it is seeking…
Lebanon has started a forensic audit of the central bank, the Finance Ministry said on Wednesday, one of the steps donors want to see to help the nation claw…
Saudi Binzagr Company announced Tuesday that the Industrial Valley in King Abdullah Economic City (KAEC) started the trial phase for the largest integrated…
UAE’s National Committee for Combating Money Laundering and the Financing of Terrorism and Illegal Organizations announced in its sixth meeting, the launch of …
The Saudi Telecom Company (STC), the Middle East’s largest telecom company, is in discussions to reduce its non-binding USD2.39 billion offer for a majority…
Saudi Arabia ranked first among the G20 member states in digital competitiveness in the last three years, revealed the World Competitiveness Report, released…
Bahrain has hired banks to arrange a multi-tranche sale of US dollar-denominated sukuk and bonds that would be the country's second bond issue this year, a…
Amazon Chief Executive Jeff Bezos topped Forbes’ list of richest Americans for the third year in a row, while US President Donald Trump’s ranking dropped as…
After a period of stagnation that lasted for more than 3 months due to the total and partial closure in application of precautionary measures to combat the new…
The General Authority of Zakat and Tax (GAZT) in Saudi Arabia has revealed significant progress at the level of digitization in its work. This comes in…
Despite the outbreak of the novel coronavirus, real estate loans in Saudi Arabia saw a rise by the second quarter, according to a report published by the Saudi…
A group representing Germany's machinery industry said Tuesday it expects production to drop 17% this year as the sector struggles with the fallout from the…