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 world faces an oil surplus in 2020 even as demand gradually recovers and record supply cuts by producers help rebalance the market, according to OPEC…
Global energy giants representing the world’s leading oil, gas, and petrochemical companies united around the common purpose of ensuring sustainable global…
Sudan, a gold producer, has taken steps to open up the trade in the precious metal further to private investors, allowing them to handle all exports and taking…
Tunisia's economy could shrink by up to 7% this year because of the effects of the COVID-19 pandemic, the investment minister said on Wednesday. The…
S&P Global Ratings expected the Islamic finance industry to show low-to-mid-single-digit growth in 2020-2021 after the 11.4 percent in 2019 following strong…
The Saudi Stock Exchange (Tadawul) has not been affected, in terms of its all share index (TASI), by the coronavirus implications, officials in the Kingdom’s…
Kuwait National Petroleum Company (KNPC) said Tuesday it has completed its acid gas recycling project at Mina Al-Ahmadi Refinery. The project (NAGRP) mainly…
Saudi Aramco announced Wednesday the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the…
Business leaders have welcomed Saudi efforts to implement fundamental changes to the regulations of joint business councils with the aim of boosting their role…
Saudi Minister of Energy Prince Abdulaziz bin Salman said the Kingdom would strongly move towards completing the energy efficiency project that began years ago…
The number of completed housing units in Saudi Arabia increased 1.75 percent to 82,500 units during the first quarter of this year, compared to 81,100 units in…
Saudi Arabia is continuing its upward ascent in global competitiveness rankings. In the just-released World Competitiveness Yearbook 2020 published by the…
The Tunisian government has issued a decree permitting to demand a loan to meet part of the state budget's needs for 2020. The issuance of this loan can take…
The Saudi Shura Council approved the exemption of income taxes for oil and hydrocarbon production non-Saudi companies listed in the Saudi financial market,…
The world’s largest oil exporter Saudi Aramco has reduced the volume of July-loading crude that it will supply to at least five buyers in Asia, seven sources…
UAE’s Ministry of Finance (MoF) announced on Sunday the successful launch of the first phase of government entities to transition to accrual accounting. The…
State-owned Saudi Aramco bought 2.1 billion shares of Saudi Basic Industries (SABIC) on the stock market on Sunday as it completed its deal agreed last year to…
Saudi real estate financing firm Amlak International said on Sunday it will float 30 percent of its shares in Riyadh, in what will be the exchange's first…
Sudan will begin rolling out an experimental program of direct cash transfers to its neediest citizens next week as it tries to wean the country off costly…
The Saudi stock market index has recorded the longest series of weekly gains in 2020, closing positively during the past week with over 100 points in gains. …
Tunisia’s foreign trade in May 2020 witnessed a sharp 37.1 percent drop year-on-year, following the COVID-19 outbreak, the National Institute of Statistics …
The Sudanese government has announced the resumption of trade with Egypt after nearly a three-month standstill. Sudan closed its border crossings in March…
The Dubai Future Foundation has recommended developing a regional storage hub, allowing nearby countries to secure their supply chains. In a report, “Life…
Morocco’s recent involvement in global value chains for automobiles is an example of a country’s ability to expand its own trade despite global trade slowdown,…