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…
Japan’s Sony Corp surprised the market on Tuesday by reporting just a 1.1% profit fall for the cornonavirus-hit first quarter, as its gaming business thrived…
Bank Al Maghrib (BAM) said that MAD484 million banknotes were issued in 2019, recording a slight decrease compared to 2018. The production was made up of 44…
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai revealed on Monday approving a general plan and agile package of 33…
Reports circulating on the decreasing hard currency reserves at Lebanon’s Central Bank indicate that the latter would no longer be able to subsidize basic…
Turkish imports from Iran fell sharply during the first half of this year affected by the coronavirus pandemic, consequently shifting the trade balance in…
US liquefied natural gas (LNG) exports are on track to rise in August for the first month in six, rallying US gas prices by over 15% to a three-month high,…
Ferrari trimmed its full-year earnings forecast on Monday after second-quarter income fell 60% due to the impact of the coronavirus pandemic, but said orders…
German manufacturers saw in July an expansion in activity for the first time since December 2018, a survey showed on Monday, signalling that a recovery in the…
Biology student Ma Jingjing wandered the hall of a job fair in central China among other young Chinese hoping to find work in an economy crushed by the…
Despite the growing debt and widening deficit gap, Saudi economists said that the Kingdom’s trends of moderate spending was vital to overcoming financial…
Germany-based Siemens Healthineers said Sunday it will buy US cancer therapy and research company Varian in a deal worth around $16.4 billion. Siemens…
Bank Al-Maghrib (BAM) reported the drop of the dirham by 0.41 percent against the euro and the its rise by 1.02 percent against the US dollar between July 23…
Iraq’s total oil exports for July averaged 2.763 million barrels per day (bpd), the oil ministry said in a statement on Saturday. The exports included 2.668…
Fitch Ratings revised the outlook on the United States’ triple-A rating to negative from stable on Friday, citing eroding credit strength, including a growing…
The scale of economic devastation from the pandemic was laid bare on Thursday as Western economies recorded historic slumps, just as resurgent caseloads forced…
France and Spain both reported precipitous and worsening contractions Friday for their coronavirus-battered economies, with the Spanish economy shrinking by 18…
Nigeria expects to comply with an oil output quota of 1.412 million barrels per day for May, June and July, the minister of state for petroleum resources said…
Turkey’s trade deficit has reached a record high level as the Turkish lira exchange rate continues to drop reaching seven liras threshold per dollar, forcing…
Egyptian Minister of Petroleum Tarek al-Mulla announced that research and exploration in the energy sector are ongoing in the country, despite the…
The International Air Transport Association (IATA) has called on governments in the Middle East to harmonize biosafety measures for passengers across the…
SABIC’s polycarbonate facility signed a major agreement with Iberdrola, a world-scale electric utility company, that will transform it to the world’s first…
Spain’s furniture manufacturers say they are overwhelmed by demand after sales boomed at the end of lockdown in June, potentially erasing most of the year’s…
The Saudi Ministry of Finance announced on Tuesday the completion of an early redemption of a portion of outstanding bonds maturing in August, September,…
The United Arab Emirates (UAE) has outlined its economic strategy to face the coronavirus outbreak and said it is based on two main phases. According to…