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…
Jordan's cash-strapped economy is expected to contract around 3% in 2020 due to the impact of the coronavirus as government revenue plunges due to a tight…
Wizz Air, the largest low-cost airline in central and eastern Europe, has announced five new lost cost routes from Abu Dhabi International Airport (AUH)…
Egypt is allowing hotels to reopen for domestic tourists on condition they operate at no more than 25% capacity until the end of May and implement a range of…
Algerian President Abdelmadjid Tebboune has declared his country will not approach the International Monetary Fund (IMF) for loans, despite a financial crisis…
Malls in the United Arab Emirates’ capital Abu Dhabi began reopening to a restricted number of customers as the UAE eases lockdown measures imposed more than a…
Moody's Investors Service cut Saudi Arabia’s outlook to “negative” from “stable” on Friday due to the severe shock to global oil demand and prices triggered by…
The mayor of Tunis announced on Saturday the free distribution of thousands of face masks to citizens ahead of lifting the quarantine in the capital starting…
Saudi Finance Minister Mohammed al-Jadaan said on Saturday that Riyadh will take strict measures to deal with the economic impact of the coronavirus pandemic,…
The General Organization for Social Insurance (GOSI) disbursed nearly $320 million for over 40,000 citizens to support Saudi workers in the private sector…
The deteriorating living crisis has forced the Lebanese to breach lockdown measures and take to the streets in protest against the unprecedented rise in…
A consortium led by ACWA Power including Gulf Investment Corporation (GIC) and Al Bawani Water & Power Company (Albawani) announced Friday the signing of a…
Algerian President Abdelmadjid Tebboune revealed on Friday plans to develop new natural resources including uranium, gold and phosphate. The president said…
Iraq's revenues plummeted in April amid a historic oil price crash, the Oil Ministry said Friday, raising concerns over how the country will cope severe…
With a rescue plan that will form the basis of talks for IMF aid finally in place, Lebanon must now enact painful steps and work out how it distributes the…
Contactless payment has grown threefold in daily consumption operations in Saudi Arabia, a recent study revealed. It found that 78 % of respondents view…
After releasing the financial results of Q1 2020, Saudi Arabia has made a marked improvement in terms of budget transparency and accountability, according to…
The Lebanese government approved on Thursday an economic reform plan to save the country from its grave crisis. Lebanon will request aid from the…
Saudi Arabia revealed that government spending for Q1 2020 has increased to $60 billion with total revenue standing at $51 billion, leaving a $9 billion…
The Saudi G20 Presidency and the Bank for International Settlements (BIS) Innovation Hub have launched the G20 TechSprint Initiative to highlight the potential…
Sudan has postponed a key economic conference meant to formulate subsidy reforms demanded by foreign donors until after the coronavirus pandemic, the state…
Tunisia will start relaxing its coronavirus lockdown next week, reopening parts of the food and construction sectors and allowing half of government employees…
Some 1.6 billion workers in the informal economy, representing nearly half of the global labor force, are in immediate danger of losing their livelihoods due…
Saudi Minister of Environment, Water, and Agriculture has revealed the government’s approval to resume granting loans for agricultural investment purposes in…
Saudi economists estimated that the partial lifting of the curfew starting this week would contribute to returning at least 30 percent of the private sector’s…