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…
The palm oil market is set to miss out on a key high-demand period in 2020 as coronavirus-driven lockdowns during the Muslim holy fasting month of Ramadan dent…
Lebanon's draft plans for addressing its financial crisis puts the bulk of the cost on banks and sends the wrong message to investors the country badly needs,…
Saudi Arabia’s crude oil exports in February slipped to 7.2 million barrels per day (bpd) from 7.29 million bpd in January, official data showed on Monday. …
US crude oil futures turned negative on Monday for the first time in history as storage space was filling up, discouraging buyers as weak economic data from…
The Emirate of Abu Dhabi has priced a $7 billion multi-tranche international bond offering as an integral component of its medium-term strategy, which…
OPEC member Algeria's gross domestic product grew 0.8% in 2019, down from 1.4% the previous year and far below the government's initial forecast, the…
The Saudi Arabian Monetary Authority (SAMA) announced that it has permitted nine more FinTech companies to operate in the Regulatory Sandbox, raising the total…
Beirut’s iconic five-star Le Bristol hotel that once hosted royalty and survived the civil war has been forced to close over Lebanon's economic crisis and…
The Development Committee of World Bank and Fund shareholders raised calls on Friday for finding case-by-case solutions to ease debt burdens on middle-income…
Tunisia’s National Institute of Statistics has revealed an economic slowdown in the first three months of 2020. Tunisia's foreign trade reached 10,514…
Saudi Aramco has said it would market 8.5 million barrels per day (bpd) of crude from May under an agreement by the OPEC+ alliance of major producers. OPEC+…
Iraq’s semi-autonomous Kurdistan region will postpone payments for oil sales made between November 2019 and February 2020 while committing to paying regularly…
Tunisia’s foreign currency reserves have risen to 22.3 billion dinars ($7.7 billion), the equivalent of 131 days of imports, official figures showed on…
The agriculture ministers of the Group of 20 major economies, chaired by Saudi Arabia, will hold an extraordinary virtual meeting on Tuesday to act upon the…
Saudi Arabia’s Ministry of Finance (MoF) announced that the kingdom’s bond sale to raise $7 billion has been heavily oversubscribed with total orders amounting…
As some wealthier Western nations begin easing coronavirus restrictions, many developing countries, particularly in the Middle East and Africa, want to do it…
Saudi Arabia and Russia stressed Thursday mutual commitment to reduce oil production over the next two years, noting that they would also monitor the oil…
The Saudi Arabian Monetary Authority (SAMA) has launched licenses for activities that support the finance sector. It announced first issuance of a license for…
Prime Minister Omar al Razzaz said on Thursday Jordan's spending priorities have changed to focus on benefits to alleviate hardships suffered by many people…
Saudi Arabia has received more than $35 billion in combined orders for a planned triple-tranche bond sale, two sources said on Wednesday. Saudi Arabia has…
A lawsuit raised by oil trader IMMS for the withdrawal of a $1 billion deposit held at Lebanon's BankMed has been settled without "any transfer of funds…
The Jordanian government would soon ease a tight lockdown imposed to stem the spread of new coronavirus by allowing more businesses and industries to return to…
Custodian of the Two Holy Mosques King Salman bin Abdulaziz approved on Wednesday an additional package of measures to help the private sector deal with the…
Saudi Finance Minister Mohammed al-Jadaan stated on Wednesday that the coronavirus pandemic has taken a "great toll" and “extraordinary uncertainty” still…