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…
Saudi Arabia's state oil giant Aramco has raised the June price for its Arab light crude oil to Asia by $1.40 a barrel from May, setting it at a discount of $5…
Turkey’s currency dropped on Thursday to an all-time low against the dollar as the country struggles with the economic impact of the coronavirus crisis. The…
Economic analysts stressed that the financial transparency shown recently by Saudi Arabia is enough to draw a roadmap that will secure the Kingdom’s way out of…
Tunisia revealed that the inflation rate rose slightly to 6.3 percent in April, according to the National Institute of Statistics (INS). The inflation rate…
Saudi petrochemical giant SABIC revealed that it has established a joint venture company to build one of the world’s biggest utility-scale battery factories. …
The executive board of the International Monetary Fund (IMF) will meet on May 11 to consider Egypt's request for a Rapid Financing Instrument (RFI) loan,…
Only a handful of Lebanese lenders are expected to emerge from an economic rescue plan that many banks, who are among the government’s biggest creditors,…
Three economic sectors have maintained their levels of performance in the Saudi economy unaffected by the complications that arose due to the coronavirus…
The French Development Agency (AFD) has lent Morocco €100 million to enhance the performance of local councils, boost local socioeconomic development and…
The novel coronavirus pandemic had a harsh economic impact on the Arab economy, with total losses so far amounting to about $1.2 trillion, amid expectations…
Egypt's economy had just started to recover after years as the novel coronavirus crisis impacted its vital tourism sector. The government has loosened a strict…
Lebanon’s government will take back management of the country’s two state-owned mobile phone networks after the latest contracts expired, and plans to prepare…
Official information revealed on Monday that requests for investment in Saudi basic and manufacturing industries in the cities of Jubail and Yanbu amounted to…
The Saudi Arabian Monetary Authority (SAMA) has affirmed commitment to its exchange rate policy of pegging the Saudi riyal to the US dollar as a strategic…
Equities and crude rallied Tuesday as investors cheered a further easing of lockdowns in some countries, which offset a brewing row between the US and China…
Uber Eats has decided to drop out of the food delivery sweepstakes in Saudi Arabia and Egypt, noting that in UAE it would join forces with Careem’s food…
The head of the International Monetary Fund said on Monday she had a “productive” discussion with Lebanese Prime Minister Hassan Diab on the country’s economic…
Protest-hit Lebanon has approved an economic rescue plan and requested aid from the International Monetary Fund as it battles its worst financial crisis in…
A ministerial decision was issued in Saudi Arabia on Sunday to regulate the labor contract during exceptional circumstances caused by the coronavirus outbreak…
Egypt’s economic growth rate would decrease to 2 percent during the next fiscal year 2020/2021 if the COVID-19 crisis continued until December 2020, warned…
Compiled financial statements showed an additional drop of 3.8% in Lebanon’s total banking assets in the first quarter of 2020. Several factors threatened…
Dubai's Expo 2020 world's fair will be delayed to Oct. 1, 2021, due to the new coronavirus pandemic, a Paris-based body behind the events said Monday. …
The Saudi Shura Council has called on the Ministry of Investment to encourage investments in entertainment, tourism, culture, and media to support economic…
Turkish manufacturing activity slowed down much more in April due to the coronavirus pandemic and measures to combat it, with output and new orders shrinking…