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 Saudi Arabian Monetary Authority (SAMA) has recently used blockchain technology to deposit part of the liquidity it announced to be injected into the…
Saudi Arabia will boost output in July to match its output OPEC quota while ending deeper, voluntary cuts amid signs of global demand recovering, Saudi Energy…
The coronavirus will cause global economic output to contract by 5.2% in 2020, the World Bank said on Monday, warning that its latest forecasts would be…
Lockheed Martin has announced it will establish a new ground system to control, manage and operate Saudi Arabia’s newly launched commercial communications…
Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China's crude imports hit an all-time high…
Lebanon needs urgent international help and long-demanded reforms to shield its people from their country's worst ever economic crunch, the International…
The Saudi index recorded an increase of 158-point last week, a 2.24 percent, driven by the positive atmosphere and general optimism after authorities resumed…
OPEC members, led by Saudi Arabia, and other key oil producers agreed Saturday to extend historic output cuts through July, as oil prices tentatively recover…
Syria's pound hit record lows on the black market Saturday trading at over 2,300 to the dollar, less than a third of its official value, traders said, ahead of…
The Arab Monetary Fund has agreed to provide loans of USD211 million to Morocco and USD98 million to Tunisia to help the North African countries deal with the…
The International Monetary Fund said Friday it has reached an agreement with authorities in Egypt to allocate $5.2 billion to help the country cope with the…
The G20 has pledged more than $21 billion to fight the coronavirus pandemic, the group said early on Saturday. "The G20, with invited countries, has…
Mohammed Haider, a security worker in Iraq's southern oilfields, thought he was safe after signing a new one-year contract to guard oil facilities. Three days…
Recent government data has shown the resilience of Saudi Arabia’s food system in facing the impact of the new coronavirus pandemic. The Kingdom’s…
Hotels in Egypt have implemented government safety measures to attract domestic tourists amid the new coronavirus crisis, hotel officials said. The strict…
Oil prices moved higher on Friday as traders await cues from an expected OPEC+ meeting where major oil producers will discuss whether to extend record…
In view of the disruption generated by the COVID-19 pandemic on the maritime networks, the Union for the Mediterranean (UfM) and the MEDports Association co…
The G20 Digital Economy Taskforce (DETF) has held two days of consecutive virtual meetings to discuss a comprehensive approach to digital economy policymaking…
Minister of Agriculture, Fisheries, Rural Development, Waters and Forests Aziz Akhannouch said Morocco’s agricultural exports have had revenues worth 17.5…
Kuwait’s government is determined to crack down on every individual with relation to corruption cases regarding public funds, money laundering and human…
Saudi Arabia and Russia have agreed a preliminary deal to extend existing record oil output cuts by one month while raising pressure on countries with poor…
Lebanese money changers said on Wednesday they would buy US dollars for a minimum of 3,950 Lebanese pounds and sell them at a maximum price of 4,000 pounds,…
Saudi Arabia announced Tuesday a strategy to develop its ports to ensure the flow of goods through supply chains. The Saudi Ports Authority (Mawani)…
A Saudi government agency revealed that the local contracting market was witnessing a slowdown as a result of the decline of oil prices and the outbreak of…