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…
Secretary General of the Union of Arab Chambers (UAC) Khaled Hanafi has called for establishing a joint economic zone between Egypt and Greece. He said…
The Capital Market Authority of Saudi Arabia (CMA) and Tadawul are mobilizing to increase the momentum of stimulating the Saudi private sector towards the…
Lebanon’s Banking Association will continue talks with the Finance Ministry and the government’s adviser Lazard to reach an agreement on the country’s…
Morocco’s OCP group have plans to halt fertilizer sales in the US if the Commerce Department decides to impose an anti-subsidy duty on its products, two senior…
Eurozone business activity bounced back to growth in July as more parts of the economy that were locked down to curtail the spread of the coronavirus reopened…
Turkey's economy is expected to shrink this year for the first time in more than a decade as the COVID-19 pandemic and related restrictions hit demand,…
The Saudi Ports Authority (MAWANI) and SALIC, the Saudi Agricultural and Livestock Investment Company, a Public Investment Fund owned company, signed an…
Gold was headed on Friday for its biggest weekly gain in more than three months as it steadied near a nine-year high, benefiting from a weak dollar and…
Finnair plunged to a second-quarter loss as the coronavirus pandemic kept most flights grounded, and said it would make a similar loss this quarter, despite an…
The CEO of the Tourism Development Fund in Saudi Arabia has revealed that the fund aims to stimulate and facilitate investment in the tourism sector. Qusai…
Lebanon's central bank governor inflated the institution's assets by over $6 billion in 2018, its audited annual accounts show, underlining the extent of…
The worsening COVID pandemic risks choking off the US economy's fragile recovery and turn what some investors hoped would be a sprint back to normal into a…
+Twitter Inc missed Wall Street's lowered expectations for quarterly revenue on Thursday despite surging usage, as the coronavirus-spurred economic slowdown…
Internet speed in Saudi Arabia has increased 400 percent during the past three years, revealed the Governor of Saudi Communications and Information Technology…
Saudi Finance Minister Mohammed Al Jadaan revealed that the Saudi economy has witnessed recovery indications as of current July supported by economic openness…
German consumer morale improved more than expected heading into August, helped by a temporary cut in value-added tax (VAT) as part of the government’s stimulus…
France will help state-owned railway company SNCF survive the coronavirus crisis by providing several billion euros, Transport Minister Jean-Baptiste Djebbari…
The Saudi Presidency of the G20 stressed on Wednesday that there is an agreed framework to tackle the digital divide in the world. “If a health crisis like…
The Abu Dhabi National Oil Company, ADNOC, and holding company ADQ signed on Tuesday a joint venture agreement to launch an investment platform to fund and…
Sudan’s adjusted budget for 2020 includes measures to adjust the exchange rate of the country’s pound, allowing it to achieve its “real price” over the coming…
The Saudi Shura Council has recently called for supporting small and medium enterprises, as this week’s sessions brought about a demand for increased financing…
Saudi Minister of Housing Majed al-Hogail announced that authorities were considering the full exemption of VAT on Saudi citizens’ first residence. He…
Egypt’s economic growth will slow to 3.1 percent in the fiscal year 2020/2021 that began this month due to the coronavirus pandemic down from 3.5 percent…
Renewable energy sources such as the wind and the sun overtook fossil fuels as the European Union's main generators of electricity in the first half of this…