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…
Lebanon’s Blom Bank said on Tuesday it was looking to sell its subsidiary Blom Bank Egypt, and that the Egyptian central bank had given approval to begin the…
Container lines have resumed calls to Beirut after last week’s explosion, with the terminal having sustained only minor damage, leading companies said on…
Crude oil prices rose on Tuesday, underpinned by expectations of US economic stimulus to support the world's biggest oil consumer as well as a rebound in Asian…
After reaching a $65 billion restructuring agreement in principle with its creditors earlier this month, Argentina must now turn to relief from the…
South Korean automaker Hyundai Motor Co and auto supplier Aptiv PLC have named their self-driving joint venture Motional, the companies said Tuesday. Formed…
Saudi Arabia’s NEOM Co. has awarded a contract to US-based Bechtel for executive project management work on the development of the base infrastructure for NEOM…
India's largest airline IndiGo hopes to raise $534 million by issuing shares to try and boost liquidity after the coronavirus pandemic sparked record losses…
The UK has kept a lid on the unemployment rate so far during the coronavirus pandemic but, scratch beneath the surface, and there are worrying trends that will…
Sudan has been a top producer of peanuts for so long that the nutritious variety is called the "Sudani" -- but a government export ban has left traders reeling…
Most Asian markets extended gains Tuesday as concerns about the US-China trade pact eased, while investors remain optimistic that lawmakers in Washington will…
Algeria announced Monday that it intends to reassess a deal with the European Union (EU) on entering a free trade area with the bloc as of September 1. …
Sudan’s revenues dropped 40 percent after the outbreak of the COVID-19 pandemic, as the government continues to subsidize wheat and medicine, estimated at…
A report by the UN Office for the Coordination of Humanitarian Affairs (OCHA) released on Tuesday said the World Food Programme would be sending 50,000 tonnes…
The number of people in work in Britain fell by 220,000 in the three months to June, the most since 2009, as the coronavirus crisis hammered the number of self…
Saudi Aramco is moving ahead with plans to boost crude output capacity by 1 million barrels per day (bpd) to 13 million bpd despite cuts in capital expenditure…
Egypt's annual urban consumer price inflation fell to 4.2% in July from 5.6% in June, the central statistics agency CAPMAS said on Monday. Month on month…
Oil prices climbed on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to…
Saudi Arabia’s information security company Elm will acquire digital information services company Tabadul from the Public Investment Fund. This deal is likely…
Energy giant Saudi Aramco posted a net profit of $6.6 billion for the three months to June 30, a drop of 73 percent due to sharply lower oil prices, despite…
Seven months after the United States and China signed a preliminary agreement to temper their trade war, Beijing's purchases of US agricultural goods have yet…
Currency depreciation, inflation, negative growth, businesses closed: Algeria's economy has been battered by the one-two punch of the coronavirus crisis and…
BP (BP.L) is preparing to sell a large chunk of its oil and gas assets even if oil prices rally due to the COVID-19 crash because it wants to invest more in…
The Saudi Basic Industries Corporation (SABIC) revealed a slight improvement in sales of the third quarter of this year, while it acknowledged a significant…
Turkey’s central bank tightened some credit channels on Friday as the lira plumbed new lows and sources said the authorities had signaled that more such…