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 Lebanese central bank will provide foreign currency at a fixed exchange rate of 3,900 Lebanese pounds per dollar for importers and manufacturers of…
The Saudi Arabian Monetary Authority (SAMA) announced Sunday that its private sector financing support program has exceeded its SAR50 billion ($13 billion)…
The Sultanate of Oman signed a new exploration and production sharing agreement with Tetheys Oil for the right to explore and develop the concession Block 58. …
Crude oil production resumed early July at the Wafra oilfield, shared by Kuwait and Saudi Arabia, after a five-year halt, the Kuwaiti oil ministry said on…
India has overtaken Russia with the world's third-highest number of novel coronavirus cases, at nearly 700,000, according to the latest data, as the outbreak…
As the economic life regains normalcy after the lifting of the Kingdom-wide lockdown in Saudi Arabia, estimates predict an anticipated return of inflation for…
Food prices in Lebanon are rising on a daily basis as a result of the constant change of the dollar exchange rate. Prices of foodstuffs have risen by 72…
A number of specialized companies and businessmen in France are seeking to enter the Saudi market through investments in the sectors of tourism, food, and some…
Greece will not accept strict European Union conditions on the use of the coronavirus emergency aid, Prime Minister Kyriakos Mitsotakis told the Financial…
Lebanon’s electricity crisis severely worsened over the past few days, with power outages extending to 20 hours per day even in the capital. Many generator…
Inflation in Turkey jumped more than expected to 12.6% year-over-year in June, drifting further from a central bank target, data showed. June's annual…
The Royal Commission for Al-Ula announced on Friday the completion of the second phase of its project to develop the Al-Ula airport in northwestern Saudi…
Air France is meeting with personnel representatives Friday to discuss thousands of job cuts after the virus pandemic grounded most flights and darkened…
Lebanon's talks with the IMF are ongoing, the office of Finance Minister Ghazi Wazni said Thursday after a newspaper report that the negotiations were on hold…
Saudi economists confirmed that Saudi Arabia’s move to increase its value-added tax (VAT) to 15 percent does not primarily aim at increasing state revenues, it…
Major retailers in Lebanon announced on Thursday they will temporarily shut down in the face of an increasingly volatile currency market and their inability to…
Saudi Arabia’s Ministry of Housing (MoH) has been rolling out a number of initiatives since 2017 to increase the availability of affordable housing and…
Tunisia has inaugurated its first solar power station as part of the government’s ambitious program to secure about 30 percent of its energy needs through…
The United Arab Emirates announced Wednesday it is currently considering the return of the Boeing 737 Max aircraft to its airspace. The General Civil…
Emirates, one of the world's biggest long-haul airlines, has processed close to 650,000 refunds over the past two months, refunding over 1.9 billion dirhams (…
Abu Dhabi National Energy Company (TAQA) announced the successful completion of its transaction with Abu Dhabi Power Corporation (ADPower) creating one of the…
World food prices rose in June to post their first increase of 2020 and mark a slight rebound after the sharp falls triggered by the coronavirus pandemic, the…
When Mahdi Hashemian was looking for a bicycle for his 7-year-old daughter Zeynab last week, the Cambridge, Massachusetts, resident decided to skip his local…
SAMA Management Governor Dr. Ahmed Abdulkarim Al-Kholifey said that the Saudi non-oil sector would witness a fast recovery after the total lifting of the…