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…
Oil producers unanimously agreed on Sunday to cut output by 9.7 million barrels per day from May. OPEC, Russia and other oil producing nations agreed to cut…
Lebanon’s draft economic rescue plan, currently being discussed by the cabinet, was met with international concerns. Approving the plan without introducing…
State producer Saudi Aramco is set to announce its crude prices for May on Sunday, having delayed the official release until after it finalizes a global oil…
G-20 energy ministers vowed commitment to ensure that the energy sector continues to make a full and effective contribution to overcoming COVID-19 and powering…
A recent credit rating issued by Fitch International reflected the flexibility of the Saudi economy at this delicate stage, in which major economies are…
Turkey's unemployment rate increased to 13.8 percent in January compared to 13.7 percent in November, the country’s statistical authority said on Friday, amid…
The European Investment Bank (EIB) Group has allocated USD482 million (EUR440 million) to back Moroccan firms in combating the novel global virus impact on…
G20 energy ministers met at a virtual summit, hosted by Saudi Arabia, pledging to work together to ensure oil "market stability”. OPEC led by Saudi Arabia…
Tunisia secured a $743 million loan from the International Monetary Fund on Friday to help counter the economic effects of the coronavirus, finance minister…
Morocco has started manufacturing its own ventilators with oxygen masks, with 500 expected to be ready by mid-April to help meet demand caused by the COVID-19…
Saudi Energy Minister Prince Abdel Abdulaziz bin Salman told a conference of the G20 group of the world’s largest economies on Friday that ensuring affordable…
Lebanon's international and local creditors are at odds over a draft plan on tackling the country's crippling financial crisis. A number of international…
More than 60 UN agencies and international organizations urged governments on Thursday to take immediate steps to address the unfolding global recession and…
Lebanese Prime Minister Hassan Diab pledged on Thursday to protect small bank deposits, however, he fell short of revealing when depositors would be allowed to…
OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other…
The Abu Dhabi investment Office (ADIO) announced that it will invest AED 367 million ($100 million) in four agritech companies that will build facilities in…
The Organization of the Petroleum Exporting Countries (OPEC) and other oil producers - a group known as OPEC+ - held virtual talks on Thursday. Saudi Arabia…
Morocco has started to draw on a $3-billion Precautionary and Liquidity credit Line from the International Monetary Fund to offset a contraction of its economy…
Lebanon requires net external financing of $10 billion-$15 billion over the next five years to help it through its financial crisis, according to a draft…
Bahrain will spend $570 million on paying salaries to all 100,000 of its citizens employed in the private sector from April to June to help soften the economic…
Sudan on Wednesday raised the price of subsidized bread to 2 pounds per loaf from 1 pound in its capital Khartoum, while introducing a new smaller loaf for…
Lebanon’s food importers, already hit by a dollar crunch, have struggled to book new cargoes as the coronavirus pandemic threatens supplies and sparks fears of…
Bahrain announced the resumption of commercial and industrial activities that provide direct services to customers as of Thursday, under strict precautions and…
Morocco’s government council decided to uncap the country’s external loans, currently limited at around $3.1 billion, as announced in the 2020 budget and…