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…
Tourism ministers of the Group of 20 major economies agreed on Friday to explore capacity programs in the tourism industry to help the global economy recover…
A new set of initiatives was launched to support the main economic sectors Saudi Arabia, in the wake of the outbreak of the novel coronavirus. The Saudi…
Emirates has announced plans to run services next week to some destinations in Europe, Asia and Africa. These services will help “residents and visitors…
Kuwaiti Oil Minister Khaled al-Fadhel has said that Kuwait took a “sovereign decision” to start cutting oil output ahead of May 1. The country supports…
G20 labor and employment ministers have pledged to prop up the labor market as the COVID-19 pandemic hits jobs and output across the globe. "We cannot allow…
The Lebanese central bank set an exchange rate of 3,625 Lebanese pounds per dollar to be applied by money transfer companies on Friday, a central bank source…
The Saudi presidency of the Group of 20 major economies on Thursday called for further immediate donations to fund the emergency response to the coronavirus…
The Saudi Arabian Monetary Authority (SAMA) has directed Saudi local banks to postpone three months installments of all financing products for Saudi workers…
Egypt plans to cut spending on fuel subsidies by 47% in its 2020/21 budget to 28.193 billion Egyptian pounds ($1.8 billion), an explanatory note for its draft…
Saudi Arabia on Thursday rolled out a six-point post-coronavirus economic plan that promises reopening the economy and the gradual return of business sectors…
UAE’s Minister of State for Financial Affairs Obaid Al Tayer has stressed the importance of cooperation among Gulf Cooperation Council states to take the…
Turkey’s central bank has once again cut interest rates by 100 basis points, while the Treasury borrowed $1.6 billion from domestic markets. Despite the…
The Central Bank of Oman (CBO) has called on banks and financial institutions to allow deferring monthly repayments of loan for a three-month period in light…
Lebanon's government needs to enact a rescue plan that rebuilds confidence in the economy and tackles root causes behind the country's financial crisis, a…
Saudi Finance Minister Mohammed al-Jadaan stressed on Wednesday that the Kingdom has the financial capacity to overcome the coronavirus crisis, saying it will…
Food security in Sudan faces new challenges as the government takes restrictive measures on stemming the spread of the novel coronavirus. The measures have…
Bank loans will be provided for those affected by the coronavirus outbreak with financing at a maximum 2.5 percent interest rate for three years, Kuwait’s…
The Lebanese parliament legalized cannabis farming for medicinal use on Tuesday, amid an economic crisis exacerbated by the coronavirus pandemic. The…
Algerians are watching the collapse of oil prices with alarm as the energy markets on which the North African nation relies for most of its export revenues…
Depositors with dollar accounts in Lebanon will be paid cash in local currency at a “market rate” within each bank’s withdrawal limits, the central bank said…
The awarding body for World Expos has proposed to postpone Expo 2020 Dubai for a year because of the new coronavirus, the Bureau International des Expositions …
Agriculture and food ministers from the Group of 20 countries agreed at a virtual meeting on Tuesday that emergency measures to stop the spread of the new…
Turkey's economy is expected to contract this year for the first time in over a decade as the coronavirus pandemic slashes output through mid-year, and it's…
Lebanon’s General Labor Confederation called on the authorities to monitor the dollar exchange rate and the rise of prices, as well as return bank deposits to…