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…
In a bid to provide new opportunities for investors and hedge equity trading risks, the Saudi Stock Exchange, Tadawul, announced the launch of trading in…
Europe’s second-highest court on Wednesday rejected an EU order for Apple to pay 13 billion euros ($15 billion) in Irish back taxes, dealing a blow to the bloc…
The Egyptian pound strengthened on Tuesday against the US dollar, backed by an increase in foreign exchange flows into the Egyptian market, reaching EGP15.99…
Global oil demand will increase by a record seven million barrels per day (bpd) in 2021 as the global economy recovers from the coronavirus crisis but will…
Saudi Aramco said on Tuesday that it will be reorganizing its downstream business to support its global growth strategy, aiming to complete it by the end of…
US consumer prices rebounded in June after three straight monthly declines as businesses reopened, but the underlying trend suggested inflation would remain…
Thailand’s capital on Tuesday prepared to host its twice-postponed annual auto show, with organizers saying it would showcase the country’s success in…
Liquidity needs in Morocco will worsen in 2020 and amount to 153.9 billion dirhams ($15.3), an increase of more than 91 billion dirhams ($9.1 billion)…
The General Authority for Investment and Free Zones (GAFI) has seen a 15.4 percent increase in the rate of newly-established firms in Egypt during June 2020,…
Bahrain will inject $470 million as emergency expenditures to the state budget 2020, state-owned Bahrain News Agency (BNA) reported a royal decree. The…
The Lebanese people’s cheers did not last long with the tangible improvement in the exchange rate and the speculations about the US dollar reaching the…
Saudi Aramco CEO Eng. Amin al-Nasser said that oil demand was headed towards recovery, admitting that the oil industry faced one of the most difficult…
Tunisia is negotiating a number of countries, including Saudi Arabia, France and Italy to defer this year’s loan payments, as it expects its economy to shrink…
South Korea's government launched a plan on Tuesday to spend 114.1 trillion won ($94.6 billion) on a "Green New Deal" to create jobs and help its economy…
As economies around the world reopen, small businesses that help define and sustain neighborhoods are struggling. In New York’s Jackson Heights neighborhood…
Saudi Arabia, Iraq and Nigeria underlined on Monday their complete commitment to the OPEC+ deal. In a series of telephone calls between their respective…
The Red Sea Development Company (TRSDC), the developer behind one of the world's most ambitious tourism initiatives, has awarded its largest value contract to…
Sudan has begun distributing cash handouts under an internationally backed plan to help millions cope with an economic crisis aggravated by the coronavirus…
Global shares rose Monday, cheered by upbeat projections for a global economic rebound that were tempered by worries over expanding coronavirus outbreaks. …
Corporate travel agents are using the coronavirus-induced lull in bookings to work with companies on how to get their staff out of Zoom videoconferences and…
Saudi Arabia’s insurance sector witnessed a growth of 8 percent in 2019, marking the first increase in three years, with total written premiums reaching SR37.8…
Indicators for recovery and growth of the Saudi economy are improving starting from the end of Q3 2020. This comes after easing the strict COVID-19 lockdown…
Turkey has revoked a requirement that central bank deputy governors have 10 years prior experience and dropped a rule that banks set aside 20% of annual profit…
Egyptian ministers toured various resorts and airports in the country that began receiving visitors earlier this month while maintaining health measures to…