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…
Germany's unemployment rate ticked higher in June, official figures showed Wednesday, but the rise was slower than in the previous two months and extensive use…
German automaker Volkswagen is dropping its plans for a new factory in Turkey in response to a drop in demand for new cars during the coronavirus pandemic,…
Saudi markets witnessed unprecedented activity, a few hours before the implementation of a decision to raise the value-added tax to 15 percent, which takes…
The Saudi Stock Exchange Company (Tadawul) now ranks among the top 10 largest exchanges globally in 2019 in terms of market capitalization, standing ninth…
The Saudi Shura Council on Tuesday demanded that the Kingdom’s energy ministry move towards speeding up the building of the infrastructure needed for the…
Turkey’s foreign trade deficit rose 102.7 percent year-on-year hitting $3.4 billion in May. The Turkish Statistical Institute (TurkStat) said that in May,…
Jordan said on Tuesday it issued a double tranche of $1.75 billion of Eurobonds that will help it cope with the economic impact of COVID-19, which economists…
Saudi Arabia’s Shura Council has stressed the importance of creating a multilingual e-platform for its economic cities that provides integrated information…
An evening dress for milk formula, children's clothes for cooking oil -- as they watch prices soar in crisis-hit Lebanon, parents are taking to bartering…
As the transition towards e-commerce and remote payments in Saudi Arabia grows more prominent, investments in digital technologies are growing to pave the way…
UAE Prime Minister and Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum inaugurated Dubai Future Labs (DFL), the first applied research and development (R&D)…
Bahrain’s tourism and entertainment sector is preparing for the return of visitors, especially Saudi tourists, as Gulf Cooperation Council member states move…
The parent of South Korea’s top tyre maker Hankook Tire & Technology said its chairman had sold his stake in the group to his younger son, driving its shares…
Saudi Arabia launched a program to boost date exports which will help companies promote their products. Meanwhile, authorities approved holding agricultural…
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced the issuance of a benchmark USD750 million…
The National Development Fund’s (NDF) Board of Directors has approved a strategy by the Agricultural Development Fund (ADF) for a period extending from 2021…
A report released on Sunday revealed that the rate of women’s involvement in businesses in the GCC has increased by 2.2 percent during the past two decades. …
A senior member of Lebanon’s negotiating team with the IMF resigned as finance ministry director general on Monday, saying vested interests were undermining…
Nissan Motor Co Ltd on Monday blasted suggestions in media reports of a conspiracy within the company to oust former chairman Carlos Ghosn. Ghosn’s 2018…
The G20 Global Partnership for Financial Inclusion (GPFI) has held a two-day meeting to finalize the G20 High-Level Policy Guidelines on Digital Financial…
Saudi Arabia has raised 8.495 billion riyals ($2.27 billion) in sukuk, or Islamic bonds, in June, the Finance Ministry said on Sunday. The first tranche of…
Saudi Stock Market trading has recorded profits that contributed to a decrease in the market index by 1.7 percent on a weekly basis, following five weeks of…
Careem, a unit of Uber Technologies, said it expects ride-hailing demand to recover to pre-pandemic levels at one point in 2021, encouraged by a better-than…
Saudi Arabia underlined its commitment and efforts to promote international values, the rule of law, and non-interference in the internal affairs of other…