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 Special Economic Zone of Duqm (SEZAD) is one of the main investment zones in the Sultanate of Oman. The zone, established in 2011, is witnessing a good…
Egypt has signed oil and gas exploration contracts with the global auction winning companies at the Red Sea region. Asharq Al-Awsat received a copy from a…
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman, in a phone conversation, have agreed to further “close cooperation” on oil output…
A national lockdown in Iraq to contain the spread of the novel coronavirus pandemic has been favored by local businesses who no longer have to compete with…
Protesters calling for jobs have brought Tunisia’s phosphate output to a halt by staging sit-ins at state-run Gafsa Phosphate (CPG), the country’s sole…
Saudi Arabia’s Public Investment Fund (PIF) has revealed making a new expansion in its agricultural activity through the acquisition of a significant stake in…
Oil prices rose on Tuesday, supported by signs that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus…
Saudi Minister of Human Resources and Social Development Ahmed bin Sulaiman Al-Rajhi announced on Tuesday that public sector employees will gradually return to…
Algeria expects its budget deficit for 2020 to reach 10.4% of gross domestic product, up from a previous forecast of 7.2%, due to lower revenues from oil and…
Electronic payments continued to grow exponentially in Saudi Arabia, driven by the conditions imposed by the outbreak of Covid-19. Latest statistics…
Moroccan customs recorded $10.3 billion in revenue in 2019, up from $10.08 billion in 2018, announced the Customs and Indirect Tax Administration (ADII). It…
The Egyptian Ministry of Petroleum and Mineral Resources is considering the implementation of 11 new petrochemical projects at a total value of around $19…
Finance Minister Mohammed al-Jadaan has reiterated that Saudi Arabia's economy is solid and has the ability to deal with the coronavirus pandemic despite the…
Tunisia’s Minister of Equipment, Housing and Spatial Planning Moncef Sliti has revealed that more than 4,000 construction and rehabilitation projects have been…
Turkey hiked the tax on individual foreign currency purchases and the withholding tax on banks’ commercial paper to help it deal with the economic impact of…
Saudi Arabia announced government cooperation to launch a mega project which will transform the Kingdom into an international logistical hub, despite the…
Iraq’s deputy prime minister said that Saudi encouragement and investments in Iraq play a great role in the country’s rebuilding process, especially in the…
Turkey said on Saturday some intercity trains will re-start next week as it gradually eases a partial coronavirus lockdown, while the chairman of Turkish…
Turkey’s Central Bank has received $10 billion from a currency swap agreement it secured with Qatar on Wednesday, according to the bank’s analytical balance…
Real estate owners involved in NEOM project will be financially compensated by the National Program for Community Development, Saudi Arabia announced Friday. …
Saudi Arabia has seen an increase in the number of licensed foreign investors in the first quarter of 2020, despite the effect of the COVID-19 pandemic. …
An economic report released by Alkhabeer Capital, an investment service, has revealed the impact of the coronavirus on the Saudi economy. The report cited…
Around 30 million individuals are heading to markets in Saudi Arabia to buy rice for Zakat al-Fitr, charity taken for the poor a few days before the end of…
Jordan’s state grain buyer the trade ministry is tendering to buy 120,000 tons of milling wheat which can be sourced from optional origins, European traders…