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…
Algeria plans to build several photovoltaic solar plants at an estimated cost of 3.2-$3.6 billion to meet growing domestic demand for electricity and to sell…
Lebanon's Central Bank said Thursday it will start providing dollars for food imports as part of "necessary measures" to defend the battered local currency. …
The Saudi Shura Council has called for expanding the government’s loan guarantees, through the Kafalah Fund, to support the economy and SMEs, and improve…
The Investment Corporation of Dubai reported Dubai's sovereign wealth fund on Wednesday announced full-year revenues of AED 228 billion ($62 billion) and a net…
Egypt will deduct 1 percent from people’s salaries for 12 months beginning on July 1 to offset the economic repercussions of the coronavirus, according to a…
Lebanon has turned to global power plant manufacturers including General Electric (GE.N) to finance building needed electricity capacity. Energy Minister…
Egypt will deduct 1% from people’s salaries for 12 months beginning on July 1 to offset the economic repercussions of the coronavirus, according to a draft law…
The Central Bank of Egypt (CBE) will provide up to 100 billion Egyptian pounds ($6.36 billion) in loan guarantees to banks to encourage lending to businesses…
Turkey secured a tripling of its currency-swap agreement with Qatar to $15 billion, the central bank said on Wednesday, providing some much-needed foreign…
Running a restaurant in Dubai, where a discerning international clientele has more than twice as many dining options per head as in New York, was a cut-throat…
Egypt’s talks with the IMF about a Stand-By Agreement to help it through the coronavirus pandemic will focus on structural reforms to remove constraints on…
Kuwait and Saudi Arabia have agreed to halt oil production from the joint al-Khafji field for one month, starting from June 1, German official news agency (DPA…
The market value of Saudi stocks exceeded $2.13 trillion dollars driven by 200 points increase in the market index, as a jump in oil prices and positive…
Saudi Arabia launched on Monday the first transit corridor linking a seaport to an airport in the Kingdom, in a move aimed at facilitating the transit of sea…
At the beat of a dollar liquidity crunch, Lebanon’s worsened economic crisis inflicted new fallouts on several sectors, with further depressions seen in the…
Global stock markets and US futures rebounded Monday from losses last week after the head of the US Federal Reserve expressed optimism that the American…
Bahrain’s first liquefied natural gas (LNG) regasification terminal has been completed, Oil Minister Sheikh Mohamed Al Khalifa announced on Sunday. It…
The Federation of the Gulf Cooperation Council Chambers (FGCCC) recommended the establishment of a coordinated mechanism between the private and public sectors…
Limited trading, outside the formal and parallel markets, showed a significant improvement in the exchange rate of the Lebanese pound against the US dollar at…
Saudi Arabia’s sovereign wealth fund has been lately active buying shares from global companies in the fields of aviation, banking, social media, and…
A recently published research paper revealed that Saudi Arabia has a competitive edge when it comes to producing carbon-neutral oil. This enables the…
The first round of talks between experts from the International Monetary Fund (IMF) and Lebanese officials has unveiled that the public dispute between Prime…
Sudan’s annual inflation rate rose to 98.81% in April, up from 81.64% in March, due to rising prices of food, drink and fuel, the state Central Bureau of…
As the novel coronavirus pandemic wipes out a recovery from militant attacks in 2015, Tunisia's vital tourism sector is trying to find ways to avoid going…