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…
Iraq’s grain board said on Saturday it has procured more than 1.09 million tons of local wheat since the start of the harvest season last month. The…
Saudi Arabia is continuing its efforts to reduce the economic impact of the coronavirus pandemic in the Kingdom by increasing financing and commercial…
Iran's main stock index dropped below one million points Saturday, a week after topping that mark, state affiliated media reported. The Tehran Stock…
The UAE Minister of State, CEO of Abu Dhabi Petroleum Company (ADNOC) and its group of companies, Sultan Al-Jaber, revealed on Friday that oil markets are…
South Korean carmaker Kia will shut down its assembly line in Algeria from Sunday due to supply chain disruptions after authorities imposed a ban on the import…
OPEC member Algeria will raise the price of gasoline and diesel to reduce its consumption and imports as the economy comes under pressure due to a sharp fall…
Lebanon is ready to terminate a 23-year-old dollar peg and float the pound, but only after it secures billions in aid, Finance Minister Ghazi Wazni said Friday…
The Lebanese central bank revealed on Friday that it's working to provide dollars for imports at an exchange rate of 3,200 Lebanese pounds to reduce food…
The new financial agreement under which Egypt will obtain the new loan from the International Monetary Fund (IMF) does not require new economic reforms and…
Oil prices touched a one and a half month high on Friday amid signs demand for crude was picking up as the world is hit by the coronavirus pandemic. West…
The National Ports Agency (ANP) revealed that grain imports amounted to 3.5 million tons in Tunisia at the end of the four first months of 2020, an increase of…
Tourism in Jordan is one of the most affected sectors by the COVID-19 outbreak which raised many challenges for decision makers in the country who struggle to…
The Trade and Investment Ministers of the G20 and guest countries have pledged to avoid "unnecessary" trade barriers on essential goods including food during…
Sudan's finance minister laid out a new plan to transfer cash to the needy in an attempt to end the economic crisis worsened by costly fuel subsidies. …
About 750,000 students and 60,000 teachers in private schools face an unknown fate amid a worsening economic crisis, which has been further exacerbated by…
Egypt’s Prime Minister Mustafa Madbouly called on the different ministries to start implementing a plan to control and rationalize expenditures in order to…
- Iran's oil exports have sunk to a record low as the coronavirus crisis compounds the impact of US sanctions already limiting shipments, underlining the…
The Arab Bank Group, Jordan’s largest lender, reported on Wednesday a 36% drop in its first-quarter profit by the time it increased provisions to cope with…
Emirates Airline from May 21 plans to operate scheduled flight services from Dubai to London Heathrow, Frankfurt, Paris, Milan, Madrid, Chicago, Toronto,…
The Abu Dhabi Developmental Holding Company (ADQ) said it has agreed to acquire a 50 percent stake in Al Dahra Holding Company which specializes in animal feed…
The International Air Transport Association (IATA) has urged the Saudi government for more financial support to its aviation sector, lauding it for introducing…
OPEC slashed its forecast on Wednesday for global oil demand this year and predicted this quarter would see the steepest decline even as some countries ease…
Lebanon began talks with the International Monetary Fund on Wednesday, aiming to secure some $10 billion of badly needed aid to help the country out of the…
Saudi Arabia and Russia are firmly committed to achieving oil market stability and expediting a rebalancing of the market, the energy ministers of the two…