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…
The first edition of the China-UAE Economic and Trade Digital Expo will be held jointly by the UAE Ministry of Economy and the China Council for the Promotion…
The United States on Friday unveiled heavy import duties on France in retaliation for the country's tax on American tech giants, but will hold off on…
The Moroccan government has introduced new incentives in the revised draft budget law presented to parliament to revive the economy and overcome the recession…
The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the spread of COVID-19 posed a risk to the outlook. …
The views of experts in Saudi Arabia confirmed that leadership elements possessed by the kingdom, which are exhibited in its presidency of the G20 group, in…
Egypt’s state-run Cotton and Textile Industries Holding Co. has signed a contract with Gama Construction to establish a new spinning factory in El-Mahalla El…
The IMF and World Bank Group announced Thursday that their annual fall meetings will be mostly virtual due to the coronavirus pandemic. "As we continue to…
Saudi Arabia nominated on Wednesday Mohammad al-Tuwaijri to become the next director-general of the World Trade Organization (WTO). Tuwaijri enjoys a record…
The Saudi G20 Presidency and the Paris Forum have discussed challenges around international capital flows volatility and possible policy responses to help…
Dubai has officially inaugurated the Route 2020 Project which involves the 15 km extension of the Dubai Metro Red Line from Jebel Ali Station to Expo 2020…
The lines snaked around the block. Then they swelled to fill the whole street, before they turned into a raucous mob of men shoving to the front of the line…
The unemployment rate in Saudi Arabia fell marginally in the first quarter of the current fiscal year when compared to the fourth quarter of 2019, a General…
A Council of Ministers, chaired by King Mohammed VI in Rabat on Monday, examined and approved the headlines of the edited draft budget 2020. The new budget…
Iran has slashed crude oil production to its lowest level in four decades as storage tanks and vessels are almost completely full due to a fall in exports and…
Travelers are hitting the road again and taking vacations even as the coronavirus pandemic shows no signs of abating in many countries, a survey on Tuesday…
Air Products, in conjunction with ACWA Power and Saudi Arabia’s NEOM, announced the signing of an agreement for a $5 billion world-scale green hydrogen-based…
The Islamic Development Bank Group’s (IsDB) private sector entities held on Monday a virtual seminar on Action Response to COVID-19 and the challenges facing…
Morocco’s Haut Commissariat au Plan (HCP) said that it anticipates foreign demand to drop by approximately 18% in the second quarter of 2020, affected mostly…
With the psychological implications of the coronavirus subsiding and economy reopening amid health precautions, the Saudi financial market has witnessed a…
Saudi ports, supervised by the General Ports Authority MAWANI, reported an increase in the total food exports and imports from the beginning of this year until…
Tunisia’s annual inflation rate in June slowed to less than 6 percent from 6.3 percent in May, official data showed on Monday. The slowdown is due to a…
Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year, helped by robust demand for…
From French football jerseys to slick online campaigns, Dubai is trumpeting the fact that it reopened for tourism on Tuesday. With travel uncertain and the…
The construction sector in Saudi Arabia has been the most affected by the suspension of economic activities during the coronavirus pandemic. However,…