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 COVID-19 pandemic is giving German bicycle retailers a boost as consumers avoid public transport because of the risk of infection, the Ifo economic…
Dubai-based airline Emirates expects to resume flights to all "network destinations" by summer 2021, its chief operating officer said Thursday, after the COVID…
The case against former Nissan executive Carlos Ghosn may have taken another turn as Japanese media report allegations that the automaker declared as expenses…
Algeria will allow its private sector to establish banks as well as air and sea transport companies for goods and passengers to reduce spending, President…
Saudi Arabia’s ports handled up to 25 million tons of cargo in July, the General Authority (Mawani) revealed on Wednesday, noting that the total number of…
OPEC+ called for total compliance with oil production cuts after a draft report showed compliance of member states at 95% to 97% in July amid a slow recovery…
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), said on Wednesday it had set up a new real estate subsidiary dubbed Roshn to help meet…
A recent Saudi scientific study suggested four initiatives to develop the non-profit sector, such as improving its perceived image and adopting an independent…
A nuclear power plant in the oil-rich United Arab Emirates has been connected to the country's power grid, authorities said Wednesday. The Barakah nuclear…
Iraq has reached an agreement with Norwegian shipbuilder Batservice Mandal over the construction of two oil tankers with a capacity of 30,000 tons each, Oil…
The President of the Tunisian Confederation of Industry, Trade and Handicrafts, Samir Majoul, called on the government to activate the state of emergency to…
Algerian President Abdelmadjid Tebboune unveiled Tuesday a plan to revive the economy and reduce dependence on oil and gas as a source of foreign currencies by…
National airlines remain the first choice of Saudis, according to a survey, in which 70 percent said that they prefer national airlines compared to 18 percent…
Fintech Saudi has revealed in its annual report 2019/20 that it is seeing the emergence of a growing fintech industry in the Kingdom. The number of…
Saudi Arabia has established a ministerial committee to oversee the national program to combat commercial cover-up and to propose solutions and initiatives to…
Egyptian investment bank Beltone Financial Holding is diversifying into non-banking financial activities in a bid to return to profit in 2021, its CEO told…
The UAE’s constant price GDP amounted to AED368.52 billion (USD100 billion) in the first quarter of 2020, including AED252 billion (USD68.5 billion) for non…
Egypt and Iraq discussed strengthening bilateral relations in the oil and gas sector through operating Egyptian oil companies in Iraq and establishing a join…
Iranian experts and traders are concerned that the tensions between Iran and the UAE could affect the mutual trade relations, at a time when Tehran is facing…
Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of Bahrain, and Arcapita Group Holdings (Arcapita), announced the sale of their…
Egypt will shrink the size of its subsidized loaf of bread by 20 grams, a document seen by Reuters showed on Monday, allowing bakers to make more fixed price…
The Germany economy is set for a rapid and broad-based recovery after an unprecedented peacetime contraction in the spring, but a coronavirus vaccine may be…
The United Arab Emirates’ National Petroleum Construction Company (NPCC) announced Sunday that it has submitted a merging offer to the Board of National Marine…
The Omani Ministry of Commerce and Industry (MOCI) said that Oman has fulfilled the requirements of the Trade Facilitation Agreement (TFA) of the World Trade…