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…
Morocco's government and tourism industry hope to encourage more Moroccans to explore the ancient souks of Marrakech and the beaches of Agadir this year, to…
Saudi Arabia has reported a 42 percent leap in investment with venture capital in emerging projects during Q1 2020, experts in sector revealed. They…
The Lebanese Ministry of Energy stated that no oil was found in the first exploration well, and announced receiving applications for the second round of…
The Iranian currency lost more value against the US dollar on Tuesday, trading at a near record 17,300 toman against the greenback compared to 550 at the end…
Tunisia will need more than five billion euros ($5.4 billion) of external funding to balance its budget this year, the premier said Tuesday, even as…
Egypt has received $2.77 billion in emergency financing from the International Monetary Fund, its state news agency reported on Tuesday, citing a senior…
The Saudi Energy Ministry directed Aramco to reduce its crude oil production for June by an extra voluntary amount of 1 million barrels per day (bpd), on top…
UAE Minister of Energy and Industry Suhail al-Mazrouei announced the country will voluntarily cut its oil output by 100,000 barrels per day in June in a bid to…
Lebanon will start negotiations with the International Monetary Fund (IMF) in the next two days, Finance Minister Ghazi Wazni said on Tuesday, as Beirut seeks…
The IMF board approved $2.77 billion in emergency aid for Egypt on Monday, to help the country deal with the impact of the coronavirus pandemic, but said the…
Saudi Aramco, the world’s top oil exporter, will hold its first general assembly Monday after its partial initial public offering (IPO) in the Saudi market. …
The Lebanese government and the International Monetary Fund (IMF) will begin on Monday negotiations over the draft rescue plan, which seeks aid from the…
The Municipality of Madinah in western Saudi Arabia said Sunday it has approved a giant real estate project in the form of a residential neighborhood that…
Emirates Group posted a profit of AED1.7 billion (USD456 million) for the financial year that ended on March 31, down 28 percent from last year. The Group’s…
Saudi Arabia's energy giant ACWA Power announced the completion of the transaction to introduce Silk Road Fund as a partner and a 49 percent shareholder in…
The Egyptian government and the National Training Academy (NTA) launched the third phase of the Professional Government Executive program, despite the…
Saudi Minister of Finance and Acting Minister of Economy and Planning, Mohammad Al-Jadaan, highlighted the importance of the measures taken to protect the…
Lebanese Economy Minister Raoul Nehme revealed during an interview with the Financial Times newspaper that the audit of the central bank accounts announced…
Algeria’s government has approved increases in retirement pensions ranging from 2% to 7%, the labor ministry said on Saturday, despite financial problems…
Syria's oil and mineral resources ministry announced Saturday a reduction in automobile fuel subsidies, the latest regime measure to tackle a deepening…
Lebanon’s economy is entering a new stage next week, with the start of direct negotiations with International Monetary Fund officials aimed at concluding a $10…
Saudi Arabia’s development funds have announced measures to support government initiatives to alleviate the economic impact of the coronavirus pandemic, with…
A Lebanese security official said Friday that the head of the money changer's union has been arrested on Thursday and is currently under investigation. "The…
The Saudi Ministry of Industry and Mineral Resources earmarked 15 billion riyals ($4 billion) as an opening budget to support the transformation in the mining…