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…
Finance officials from the Group of 20 major economies agreed on Wednesday to suspend debt service payments for the world's poorest countries from May 1 until…
Lebanon's banking association said on Wednesday that the Beirut Reference Rate (BRR) was reduced to 5.75% for US dollars and to 7.75% for Lebanese pounds. …
Oman's finance ministry has told all ministries and civilian government units to reduce approved liquidity for development budgets by 10 percent, state media…
It wasn't unexpected, but the ban on visitors to Egypt's famed Pyramids amid the coronavirus pandemic still came as a shock to souvenir vendor Sayed el-Gibri…
Lebanon’s Speaker Nabih Berri declared on Tuesday that a potential government haircut was “dead,” saying it has met the same fate of a plan on capital control…
Tunisia's vital tourism sector could lose $1.4 billion and 400,000 jobs this year due to the coronavirus, an official document showed, as the country sought a…
The B20, which is the private sector's voice of the G20 community, has proposed a set of recommendations to the Finance Ministers and Central Bank Governors of…
The International Monetary Fund projected Tuesday that Lebanon’s economy will shrink 12% in 2020 amid the country's worst economic and financial crisis in…
The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since…
Investcorp, a Bahrain-headquartered global alternative investment manager, has announced the first closing at $275 million, of its Asia food brands private…
The head of the Association of Banks in Lebanon (ABL), Dr. Salim Sfeir, stressed that rebuilding trust was crucial for saving the country and should be the…
Non-bank financial firms such as investment funds have exhibited vulnerabilities during the coronavirus crisis that may need fixing to help economies recover,…
The Governor of the Central Bank of the UAE (CBUAE), Abdulhamid Saeed, held his first meeting with CEOs of banks operating in the country to emphasize the…
Russia is currently discussing with Saudi Arabia a strategic partnership to build a giant vaccine production and distribution center for the entire Middle East…
Oman has told its oil-producing companies to cut 200,000 barrels per day starting from May 1 until the end of June in line with OPEC+ crude supply reduction…
The International Monetary Fund approved $500 million on Monday to cancel six months of debt payments for 25 of the world’s most impoverished countries so they…
The Saudi Ports Authority (MAWANI) said on Monday it had signed an agreement worth more than 7 billion riyals ($1.9 billion) with Saudi Global Ports (SGP) to…
Sudan's government will purchase 200,000 tons of wheat in a deal with the United Nations' World Food Program, the finance ministry said on Monday, in a bid to…
Egypt's economic growth is expected to exceed 1% in the second of quarter of 2020, the country's deputy minister of planning said on Monday. The country…
A senior Emirati banker said that economic life in the wake of the coronavirus pandemic will change for everyone, calling on companies and institutions to…
Months ago, before the first confirmed case of coronavirus infection in Lebanon, and the subsequent measures such as public mobilization and quarantine,…
Lebanon’s draft reform plan continues to draw condemnations, particularly concerning measures that call for a transitory exceptional contribution from large…
Saudi Crown Prince Mohammed bin Salman headed key negotiations, which led to OPEC+ finally agreeing on a deal to cut oil output by nearly 10 million barrels…
G20 Finance Ministers and Central Bank Governors will meet under the Saudi G20 Presidency on Wednesday to continue to discuss and take urgent actions to…