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…
Hit by the devaluation of the Syrian pound, Syria’s pharmaceutical industry is facing an exacerbating crisis. MP Waddah Murad warned that pharmaceutical…
Official data showed a 240 percent increase in online orders in Saudi Arabia during the coronavirus pandemic. Staff working on online orders pinned high…
The Sharjah Finance Department, SFD, has recently established a framework worth AED4 billion to enhance liquidity for the emirate’s banking system as part of…
Syria´s stock market on Tuesday suspended trading for the largest cellular company in the country, owned by a cousin of the president and one of Syria´s…
A dispute over the implementation of the government’s electricity rehabilitation plan has drawn local and international attention and criticism over the…
Oil prices were steady on Monday helped by reports that OPEC and Russia were closer to a deal on extending oil cuts but held back by renewed tension between…
Emirates’ outgoing President Tim Clark on Monday said it could take the state carrier up to four years to resume flying to its entire network that has been…
The UAE is entering a new stage as the economic activity gradually resumes but every person should be responsible, announced Vice President, Prime Minister and…
The Palestinian economy could shrink by as much as 11% in the coming year as the coronavirus pandemic inflicts yet another blow to the Palestinian Authority's…
Algerian lawmakers approved a law on Sunday allowing foreign investors to take majority stakes in projects in "non-strategic sectors" as Algeria seeks to…
Iraq has only 190,000 tons of rice available in its coffers for its food rationing program, the trade ministry said in a statement late on Saturday. The…
Egyptian hotels operating with a new reduced occupancy rate of 25% to contain the spread of the novel coronavirus have almost reached full capacity, a tourism…
Saudi authorities on Sunday allowed the return of public and private sectors employees to their work premises, under strict sanitary measures set by the…
Abu Dhabi’s economy will contract 7.5 percent this year, S&P Global Ratings said, while Bahrain’s economy will shrink 5 percent this year because of low oil…
The Central Bank of Kuwait affirmed on Saturday its keenness to combat money laundering and terrorism financing. It further stressed its strict follow-up of…
Arab countries have urged Saudi factories to more effectively contribute to the production of vital commodities necessary for exports to the Arab world. …
Saudi Arabia transferred a total of 150 billion riyals ($40 billion) from central bank foreign reserves to fund investments by sovereign wealth fund PIF in…
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although…
Turkey’s state banks sold almost $44 billion of hard currency in the first four months of 2020 and up to $77 billion since the beginning of 2019 to support the…
The Cypriot government approved on Thursday a bill on the intergovernmental agreement for the Eastern Mediterranean pipeline project. Energy Minister…
Reports and research centers in Saudi Arabia said that stimulus packages and government support programs, which were adopted before the outbreak of COVID-19 in…
Lebanese Minister of Economy and Trade Raoul Nehme announced a plan to subsidize basic food products with the aim to curb the soaring prices of food…
Saudi Arabia and some other OPEC oil producers are considering extending record high output cuts until the end of 2020 but have yet to win support from Russia,…
The Saudi government is expected to launch support initiatives to protect the Kingdom’s aviation sector, following a complete halt of activities over the past…