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…
Saudi Payments, a Saudi Arabian Monetary Authority (SAMA) subsidiary and the operator of national payment network (Mada), has partnered with JCB International…
Cement sales has increased 33 percent in Morocco during the month of June, which is a strong indicator of increased activity in construction, according to the…
Oman is likely to issue bonds this year but may need to use aid from its neighbors or resort to help from the International Monetary Fund (IMF) if it does not,…
Japan on Wednesday kicked off a national travel campaign aimed at reviving its battered tourism industry, but the effort has drawn heavy criticism amid a jump…
Saudi Arabia has nominated Mohammad al-Tuwaijri to become director-general of the World Trade Organization (WTO) and he is considered a frontrunner for the job…
Microsoft Corp's professional networking site LinkedIn said on Tuesday it would cut about 960 jobs, or 6% of its global workforce, as the coronavirus pandemic…
Algeria expects its oil and gas revenue to fall to $23 billion this year from $33 billion in 2019, energy minister Abdelmadjid Attar told state radio on…
A number of Lebanese have complained of the exhaustion of certain medicines, including medications for chronic diseases. This caused panic and fear, especially…
Saudi Qiddiya Investment Company (QIC), the developer of the Qiddiya project, has awarded a three-year contract to Shibh al-Jazira Contracting Company (Sajco)…
The Central Bank of the Republic of Turkey (CBRT) has revealed that short-term debt hiked around USD5 billion within a year in May compared to April, and…
Saudi Arabia’s King Abdullah Petroleum Studies and Research Center (KAPSARC) has recently assessed the levels of carbon emissions in the Kingdom in 2019 and…
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced a $50 million credit facility for SirajPower,…
J.C. Penney Co Inc said on Monday certain lenders had agreed to accept a business plan on certain conditions as the department-store operator looks to emerge…
Algeria, seeking new funding sources to offset a drop in energy export revenues, will reform its tax system and try to attract money from the informal market,…
Global shares were mixed on Monday as the number of coronavirus cases soared in the US and investors cautiously eyed a summit of European leaders discussing a…
Kuwait plans to issue between four and five billion dinars ($13 to $16 billion) in public debt by the end of the fiscal year ending March 2021 if parliament…
Former Nissan Motor Co Ltd Chairman Carlos Ghosn took a swipe at his old employers in a newspaper interview on Sunday, calling the Renault and Nissan results …
The Chairman of the Council of Saudi Chambers and the Board of Directors of Riyadh Chamber, Ajlan bin Abdulaziz Al-Ajlan, said that the Kingdom’s nomination of…
The European Investment Bank’s (EIB) board has approved an outline finance worth €1.9 billion ($2.17 billion) for Egypt to finance projects in transport and to…
New Zealand's economy is doing better than predicted, thanks to an early economic and health response to the coronavirus pandemic, the finance minister said on…
Data released by Morocco’s General Treasury (TGR) has revealed a budget deficit of 28.8 billion dirhams ($2.8 billion) in late June, compared to a deficit of…
The working program of Saudi Arabia’s candidate to the post of Director-General of the World Trade Organization (WTO) aims at redeveloping the international…
The Israeli government on Sunday approved an agreement with European countries for the construction of a subsea pipeline that would supply Europe with natural…
Algerian Finance Minister Ayman bin Abdul Rahman said that Air Algerie has incurred losses estimated at USD130 million due to the suspension of flights during…