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…
Food prices in war-torn Syria have doubled in the past year to record levels, largely due to the Lebanese financial crisis and the novel coronavirus, the World…
OPEC oil supply in April is at its highest since December 2018, a company that tracks oil shipments said on Tuesday, as producers pump at will before a new…
Turkey’s government aims to begin reviving the economy in late May after a sharp slowdown due to measures to contain the coronavirus outbreak, while minimizing…
Algeria’s annual inflation stood at 1.8% in March, unchanged from the previous month, as prices for most products stabilized, official data showed on Tuesday. …
Sudan's annual inflation rate has topped 80 percent, the government said Tuesday, as the country grapples with an acute economic crisis. "The annual…
The Saudi General Authority of Military Industries (GAMI) is coordinating with the INTRA Defense Technologies to manufacture unmanned aircraft systems (UAS). …
The Council of Arab Central Banks and Monetary Authorities Governors stressed the importance of bolstering financial inclusion to promote comprehensive and…
The European Bank for Reconstruction and Development (EBRD) has appointed Philip ter Woort Director for its eastern Mediterranean region, leading its future…
Drilling off the Lebanese coast has shown some traces of gas but no commercially viable reserves, Energy Minister Raymond Ghajar said on Monday. "Initial…
Saudi Arabia's state grain buyer SAGO on Monday said it bought 60,000 tons of Ukraine wheat from investment firm SALIC, marking its first purchase from…
Global stock prices gained Monday after Japan´s central bank boosted support for financial markets as more governments prepared to reopen economies that were…
The Tunisian Ministry of Industry, Energy and Mines has announced a 4,000 barrels per day increase in the domestic production of oil since April 23, saying…
Lebanese banks have set an exchange rate of 3,000 pounds per dollar for withdrawals from US dollar accounts for this week, two banking sources said on Monday -…
Prime Minister Mostafa Madbouly said Sunday that Egypt is seeking an aid package from the International Monetary Fund to offset the economic impact of the…
G20 nations on Sunday launched an international initiative to accelerate access to health tools needed to fight the coronavirus pandemic. The finance…
Lebanon's politically influential Maronite Christian patriarch backed the long-serving central bank governor on Sunday, after the prime minister cast bank…
Lebanon’s financial markets are closely and tensely monitoring the recent outbreak of conflict between the country’s government, headed by Prime Minister…
Saudi Arabia’s sovereign wealth fund is scouting the world for bargain investments amid the economic wreckage of the coronavirus crisis. It seeks to enhance…
Russia’s second oil producer Lukoil is running into difficulties staffing its assets in Iraq due to the new coronavirus and associated restrictions, chief…
King Salman on Saturday issued a royal order instructing the Ministry of Justice to put in place controls to limit the practice of financial activity by…
The National Program for Community Development (Tanmia) has completed field survey works for real estate located within the first phase of the NEOM project. …
Abu Dhabi's Etihad airways said on Saturday it would extend its suspension of scheduled passenger flights until May 15. The airline had said it would…
The Board of Directors of Saudi Arabian Military Industries (SAMI) announced the appointment of Eng. Walid Abukhaled as acting CEO to oversee the company’s…
The Tunisian parliamentary finance committee has okayed five sealed deals with donors that allow it to receive loans amounting to nearly EUR400 million to…