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…
Spanish airline Iberia will reduce the size of its fleet, the number of destinations it flies to and how frequently as the new coronavirus pandemic continues…
The Tunis-Carthage International Airport welcomed on Saturday its first flights after resuming travel with other countries. Authorities imposed high health…
A support package provided by the Saudi government to the private sector since the beginning of the outbreak of the coronavirus would contribute to limiting…
Pilots and test crew members from the US Federal Aviation Administration and Boeing Co are slated to begin a three-day certification test campaign for the 737…
German Chancellor Angela Merkel cautioned Saturday that the coronavirus pandemic is far from over, as regional outbreaks gave rise to fears of a second wave…
UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC) Dr. Sultan Ahmed Al Jaber has discussed regional and global investment…
The International Monetary Fund has approved a one-year $5.2 billion financing package for Egypt to help the country alleviate the economic impact of the…
Tunisian Prime Minister Elyes Fakhfakh has warned that the country’s economic situation has taken a serious turn. In a parliamentary session on Thursday to…
Saudi Energy Minister Prince Abdulaziz bin Salman revealed that the Kingdom is shifting closer to activating energy efficiency programs and applications at an…
Potential merger talks have resurfaced for Saudi Arabia’s banking sector, with negotiations involving two banking giants, as the Kingdom’s coronavirus lockdown…
A Group of 20 debt service suspension initiative agreed in April has received 41 applications from the 73 poor countries eligible for the official bilateral…
The International Monetary Fund (IMF) said Wednesday it reached an agreement with Sudan on a reform deal that would back the 12-month Staff-Monitored Program …
Abu Dhabi-based EOS Advanced Technologies is planning to invest Dh200 million ($54.4 Million) to research next generation defense systems in 2021. Chief…
Lebanon’s Speaker Nabih Berri affirmed Wednesday the necessity to declare a state of financial emergency amid the drastic plunge of the local currency's value…
Moody's downgraded Oman's sovereign rating to Ba3 from Ba2, saying that the Sultanate would likely not be able to offset its lost revenue due to lower oil…
The Egyptian financial group Hermes Holding announced Wednesday its plans to acquire, with the Egyptian sovereign fund, a share of not less than 76% of the…
The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the…
Lebanese Finance Minister Ghazi Wazni described negotiations with the International Monetary Fund (IMF) as “good and positive.” He stressed that there was…
Saudi Arabia will apply the principle of reciprocity to imports from countries that impose restrictions on the Kingdom’s exports as of July, said the General…
Tunisian minister in charge of major national projects Lobna Jribi has announced that authorities earmarked around $2.1 billion to boost the country’s economy…
Oman’s ruler Haitham bin Tariq al-Said on Tuesday announced an emergency interest-free loan program for businesses most affected by the coronavirus pandemic,…
S&P Global Ratings said on Tuesday it estimated problematic loans at Turkish banks would rise to more than 20% by next year, citing pressures from the country…
Lebanon’s pound currency fell to new lows on Tuesday, trading above 6,000 to the dollar on a parallel market, according to market participants, as a severe…
Investments by international funds and foreign investors in the Egyptian market has increased in recent weeks due to the $5.2 billion agreement Cairo signed…