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…
French consumer confidence unexpectedly dropped in July amid signs of a rebound in COVID-19 infections, as fears about unemployment remained high and people…
Saudi Arabia posted a deficit of SAR109.2 billion ($29.12 billion) in the second quarter this year as low oil prices hurt revenues, a finance ministry report…
Eni and partners BP and Total have discovered gas and condensate in the Bashrush prospect, 11 km offshore Egypt. The well had found 102 meters of net gas…
Lebanon had its rating cut to the lowest grade by Moody’s Investors Service, which said that bond investors will likely suffer major losses on their holdings…
Harley-Davidson Inc (HOG.N) on Tuesday revealed a strategy to restructure its business after reporting an unexpected quarterly loss due to disruptions caused…
The Arab Ministerial Council for Electricity has approved in its extraordinary session held Monday via videoconference on the “General Agreement,” and the …
Gold briefly chalked up another record Tuesday before easing later in the day as the dollar clawed back earlier losses, while equity markets struggled to hold…
China Southern on Tuesday became the latest Chinese airline to offer ultra-cheap, all-you-can-fly deals aimed at reigniting air travel following coronavirus…
Nissan Motor Co forecast on Tuesday its biggest-ever annual operating loss and said it expects vehicle sales to tumble 16% as the coronavirus pandemic hampers…
The French government will reconsider plans to build a fourth terminal at Paris Charles de Gaulle airport because of the coronavirus crisis, Transport Minister…
Algeria’s government, aiming to ease the impact of the coronavirus lockdown on state and private firms, will freeze the payment of taxes, the finance ministry…
The Abu Dhabi National Oil Company, ADNOC, announced on Monday its agreement to the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore…
A Royal Decree approved on Monday a cabinet decision that brings in the General Auditing Bureau (GAB) under the authority of Custodian of the Two Holy Mosques…
The price of gold surged to a record above $1,934 per ounce on Monday as investors moved money into an asset seen as a safe haven amid jitters about U.S…
Saudi Arabia spent SAR468 billion (USD125 billion) during the first half of 2020, according to a statistical document obtained by Asharq Al-Awsat. Total…
German business morale improved further in July after posting a record increase in June, a survey showed on Monday, suggesting that firms expect Europe's…
Ryanair, Europe's largest low-cost airline, reported a narrower than expected loss in its fiscal first quarter on Monday and said it was impossible to say…
The Emirates Water and Electricity Company, EWEC announced the award for the world’s largest solar power plant in Abu Dhabi which went to a consortium led by…
China's crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March and April when oil prices…
Saudi Energy Minister Prince Abdulaziz bin Salman revealed Saturday that efforts are continuing to be poured into cooperation with NEOM to achieve national…
The Saudi stock entered the last week of trading before closing for the Eid al-Adha holiday, which falls at the end of the week, amid optimism that the…
The United Arab Emirates launched on Saturday the Young Economist Program, the first-of-its-kind in the Arab world that aims to train young people to become…
Egypt launched an initiative to stimulate consumption and encourage demand for local products to help citizens of limited income, which will ease the impact of…
Jordan’s largest lender, Arab Bank Group, reported on Saturday a 66% year-on-year drop in first-half net profit to $152.1 million as it set aside more money to…