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 Saudi Stock Exchange (Tadawul) launched the Kingdom’s first exchange-traded derivatives market and clearing house on Sunday. Using Nasdaq technology,…
Turkey increased its special consumption tax on mid-range and expensive cars on Sunday, but also lifted the lower thresholds at which the duty is imposed,…
The UAE government has revealed the "Road Map for Leadership in the Energy, Infrastructure, Housing and Transport sectors to define the objectives for the next…
Egypt’s Minister of International Cooperation Dr. Rania Al-Mashat, and Minister of Electricity and Renewable Energy Dr. Mohamed Shaker, signed the Egyptian…
Saudi Arabia’s candidate for the position of Director General of the World Trade Organization (WTO) Mohammad Al-Tuwaijri unveiled a website aimed at promoting…
The Saudi Electricity Company (SEC) has agreed on a 9 billion riyal ($2.4 billion) syndicated Islamic loan with seven major local banks. The seven-year…
Bankers and analysts have voiced skepticism about attempts by Lebanon’s central bank to clean up the country’s banks, warning they must form part of a wider…
Tunisian olive oil exports should contribute around 4.25 percent to the country's state budget at an estimated TND47 billion (USD16.7 billion), President of…
Saudi Ports Authority (Mawani) revealed on Thursday that the exemption period of fees for exported and imported general cargo storage will be extended to 21…
Egyptian Minister of Trade and Industry Nevine Gamea revealed that a full customs exemption on 600 locally-produced items that are exported to MERCOSUR…
Perry Porikos sat in the street outside one of his five businesses, in a makeshift patio area that didn´t exist before the COVID-19 pandemic sent his best…
Saudi Arabia earmarked $26.6 million for vertical farming projects in the Kingdom, in a step taken to preserve water and develop agriculture in the Kingdom…
The yuan strengthened to a near seven-month high on Friday, after the US Federal Reserve's announced an aggressive new strategy to lift employment and…
Lebanese banks that cannot increase their capital by 20% by the end of February 2021 will have to get out of the market, Central Bank Governor Riad Salameh…
Egyptian Minister of Petroleum Tarek al-Mulla said the East Mediterranean Gas Forum (EMGF) has achieved “distinct outcomes” in regional cooperation among…
Innovation has been a driving force behind Switzerland's financial success in recent years, and will be essential for its post COVID-19 economic recovery. …
Lebanon suffered another dramatic inflation surge in July as the country’s financial meltdown continued with no end in sight, Bloomberg reported. Consumer…
Seeking to empower women entrepreneurship in the industrial sector, the Saudi Organization for Industrial Estates and Technology Zones (MODON) announced plans…
Saudi Center for Commercial Arbitration (SCCA) and the Royal Institution of Chartered Surveyors (RICS) signed a Memorandum of Understanding (MoU) to encourage…
Oil and gas exploration companies should target new deep exploration layers and use modern technologies to increase production and reserves, announced Egyptian…
German coalition parties agreed on Tuesday to extend measures to cushion the effects of the coronavirus crisis on Europe's biggest economy at a cost of up to…
Lebanon's central bank governor warned in an interview published Tuesday that the bank cannot continue using its foreign currency reserves to finance trade,…
A representative of Lebanon's hospitality sector said on Tuesday that service and tourism businesses would defy a newly reinstated coronavirus lockdown that…
The Egyptian pound (EGP) is one of the best-emerging market currencies against the US dollar, a report by the cabinet’s media center has indicated. …