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 Turkish lira has started making its way to northern Syria following a decision by pro-Ankara military factions and local opposition councils to encourage…
An OPEC-led panel meeting to review the oil market next week will advise the wider OPEC+ group cooperating on a record supply cut, five OPEC+ sources said,…
Lebanon's money changers said the central bank agreed Friday to inject fresh dollars into the market to prop up the national currency a day after protesters…
Saudi Arabia’s ports handled more than 28 million tons of cargo in May, the Authority (Mawani) revealed on Thursday. Tnumber of containers amounted to 613,000,…
The Saline Water Desalination Corporation (SWCC) has accelerated the procedures to privatize the world’s largest water and power plant in Ras Al-Khair in the…
Dubai saw the lifting and installation of the Molten Salt Receiver, MSR, on top of the world’s tallest solar power tower at 262.44 meters, at the largest…
The Lebanese pound changed hands at just under 5,000 to the dollar on a parallel market on Thursday, four market participants said, defying government efforts…
Egypt will allow scheduled international flights and foreign tourists to some of its coastal areas that have been least affected by the COVID-19 disease…
Saudi Arabia expressed optimism towards the latest OPEC+ agreement having a positive effect on global markets in a way that serves the common interests of all…
Minister of Oil, Acting Minister of Electricity and Water Dr. Khaled Al-Fadhel announced on Wednesday that Kuwait will no longer hire foreign workers for jobs…
The Central Bank of the UAE, CBUAE, has projected the economic recovery to start in the second half of the year after the first quarter witnessed mixed…
Turkey’s economy is expected to shrink by 3.8 percent in 2020, according to the World Bank’s (WB) Global Economic Prospects report published Tuesday for June. …
Egypt’s Ministry of Electricity and Energy announced on Tuesday a new increase in electricity prices ranging between 17 and 26.7 percent based on consumption. …
The total value of awarded contracts across Saudi Arabia for Q1 in 2020 reached $12 billion, with a 28 percent quarter-on-quarter growth despite the…
Government officials and businessmen predicted that structural transformations will take place in the Saudi public and private sectors to shore up the Kingdom…
Lebanon's battered pound currency has slid to fresh lows against the US dollar despite a new pricing system Beirut hopes can rein in soaring food prices as it…
Saudi Arabia has concluded a number of agreements to establish military industrial facilities to help stimulate the industry and enable the local manufacturing…
Dubai property firm Meraas is set to become part of Dubai Holding, following a directive from Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum, to form a…
Saudi Arabia's government approved a new mining investment law that aims to accelerate foreign investment in the sector as part of efforts to diversify its…
Sudan and the International Monetary Fund (IMF) have been involved in negotiations aimed at implementing a monitoring program by the Fund’s experts for the…
Housing loan installments will be postponed for six months starting in April, Bahrain’ government announced on Monday. This decision is part of the measures…
Saudi experts told Asharq Al-Awsat that extending the recent OPEC+ agreement to reduce oil production to the current level of 9.7 million barrels per day for…
Al-Baraka Banking Group (ABG) appointed Abdullah Saleh Kamel as the board's new chairman, succeeding late Sheikh Saleh Abdullah Kamel, the group's founder who…
Morocco's economic growth rate declined to 2.5 percent in 2019 compared to 3.1 percent in 2018, announced the National High Commission for Planning (HCP) on…