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…
German business morale improved more than expected in August as both manufacturing and services picked up steam, a survey showed on Tuesday, boosting hopes…
The United Nations chief says the tourist industry has been devastated by the COVID-19 pandemic, with $320 billion lost in exports in the first five months of…
Saudi state-owned companies SALIC and the National Shipping Carrier of Saudi Arabia (Bahri) have formed a commodities joint venture, National Grains Company,…
The Saudi Arabian Monetary Authority (SAMA) has approved and issued the first-of-a-kind insurance product that covers risks of unmanned aerial vehicles (UAVs)…
When Deniz Tas reopened his 660-room hotel on Turkey’s sparkling Aegean coast in July he had only a modest goal - to break even for the rest of a tourist…
The activation of a long-planned Algeria-European Union free trade zone agreement on Sep. 1 seems uncertain, in light of widespread objections in the North…
The Saudi Ministry of Energy and NEOM signed on Sunday a memorandum of cooperation that constitutes the Saudi road map for the implementation of future energy…
The Indonesian island of Bali has postponed a plan to reopen the country's biggest tourism hub to international tourists on Sept. 11, its governor said, due to…
Tunisian caretaker Prime Minister Elyes Fakhfakh has urged the parliament to hold an extraordinary session to approve a bill on reviving the economy and…
Saudi Arabia's energy ministry is to offer assistance so that Neom, a $500 billion high-tech development that includes tourism and sport facilities on the Red…
A recent study has called on assessing the economic reform journey Saudi Arabia has been embarking on in line with its Vision 2030, which Crown Prince Mohammed…
The French government said on Saturday it would unveil details of its 100 billion euro ($118 billion) plan to reinvigorate the economy in the first week of…
In a step aimed at reforming the local labor market environment, the Saudi Ministry of Human Resources and Social Development urged on Friday all giant, large…
Foreign direct investment (FDI) flows in Tunisia dropped 14.2 percent during the first half of 2020 compared to same period last year, and during the first…
Credit ratings agency S&P on Friday downgraded more Lebanese government debt issues after missed payments, citing the country's worsening economic crisis…
Amazon retail chief Jeff Wilke, who has helped Amazon transform itself from an online bookstore into a global colossus, is retiring early next year. Wilke,…
Britain's government debt has breached the 2 trillion-pound ($2.6 trillion) mark for the first time after heavy borrowing to support the economy during the…
Saudi Arabia's renewable energy sector will be one of the main generators of jobs in the Kingdom for the next decade, according to recent estimates. The…
Kuwait’s Finance Minister Barak al-Shaitan affirmed that salaries and public subsidy would remain untouched, confirming adequate cash liquidity for paying them…
European government bonds stabilized on Friday, with yields edging up after five consecutive days of falling, ahead of eurozone factory activity data for…
The Helicopter Company (THC), which is owned by Saudi Arabia’s Public Investment Fund (PIF)- has signed a deal on Wednesday to buy 10 H125 helicopters from…
Lebanon's central bank will only subsidize fuel, wheat and medicine for three more months, an official source said on Thursday, as critically low foreign…
South Sudan has run out of foreign exchange reserves as oil revenues have plummeted, and it cannot stop its currency from sliding, a central bank official said…
Iraq's Border Ports Authority announced record financial revenues from customs duties as a result of the measures taken by the government of Prime Minister…