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…
Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in…
With its airports closed to commercial flights and its economy tanking, Cuba has launched the first in a series of long-promised reforms meant to bolster the…
New foreign trade figures released by France for the first half of 2020 reveal the economic devastation the coronavirus pandemic has wreaked on the eurozone’s…
Saudi Arabia's energy minister and Iraqi counterpart stressed, in a phone call, their countries' full commitment to an OPEC+ deal curbing oil production, Iraqi…
Egypt discussed Thursday providing job opportunities for the workforce that returned from abroad due to the COVID-19 pandemic. In a video conference held…
The International Monetary Fund urged Lebanese officials Thursday to break an "impasse" and move ahead with reforms after a massive Beirut blast devastated the…
Leading container lines are diverting ships to Lebanon’s smaller terminal of Tripoli after the devastating explosion at Beirut’s port that killed 145 people…
Egypt’s revenues from the Suez Canal have increased up to 4.7% since the inauguration of a major extension project five years ago, compared with the previous…
Turkey’s currency dropped to an all-time low against the dollar on Thursday amid a global recession caused by the COVID-19 pandemic. The Turkish lira…
Think20 (T20), the G20's research and policy advice network, stressed the importance of activating basic elements to transform education into an investment…
The World Bank Group said on Wednesday it stands ready to assess Lebanon’s damage and needs after a devastating Beirut port explosion and will work to help…
The IHS Markit Saudi Arabia PMI increased to 50.0 in July 2020 from 47.7 in June, signaling overall stability in operating conditions amid the coronavirus…
Kuwait Petroleum Corporation (KPC) said it had made several achievements despite a number of challenges posed by the coronavirus pandemic. Deputy Managing…
Egypt and Cyprus held talks on Wednesday plans to boost cooperation in developing gas infrastructure in the Eastern Mediterranean. Egypt’s petroleum and…
The Kuwaiti-based Arab Investment & Export Credit Guarantee Corporation (Dhaman) revealed that the UAE received the largest number of foreign direct investment…
Contrary to the results of the second quarter, economic experts expected the Saudi budget to recover starting from the third quarter of 2020, thanks to major…
The Saudi Agricultural Development Fund (ADF) has approved more than SR337 million ($90 million) in financial loans, facilities, and credit guarantees to…
German automaker BMW AG lost 212 million euros ($250 million) in the second quarter as the coronavirus pandemic shutdowns cut vehicle sales by a quarter in the…
New Zealand´s unemployment rate showed a surprising improvement to 4% during the midst of the nation´s virus lockdown, although the headline number doesn´t…
Honda is recalling over 1.6 million minivans and SUVs in the US to fix problems that include faulty backup camera displays, malfunctioning dashboard displays…
Aluminium prices held near six-month highs on Tuesday as rebounding Chinese demand fuelled expectations of a tightening market. Benchmark aluminium on the…
Italian air traffic controller provider ENAV says that air traffic in July showed signs of recovery from the coronavirus shutdown. Air traffic in July was…
Recent studies have shown that the liberation of the Saudi labor market from unskilled foreign workforce would improve the balance of payments, raise quality…
Tunisia’s National Tobacco and Matches Board (RNTA) and Kairouan’s Tobacco factory (both state institutions) announced on Monday raised prices of some products…