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…
Morocco’s Ministry of Agriculture, Maritime Fisheries, Rural Development and Water and Forests (MAPMDREF) has affirmed that agricultural activity and…
Kuwait has called for creating a joint food security network among Gulf states to ensure adequate and accessible food supplies and meet basic food shortages…
Custodian of the Two Holy Mosques King Salman bin Abdulaziz ordered on Friday the disbursement of up to 9 billion riyals ($2.39 billion) in financial support…
Tunisia may impose exceptional taxes on companies if the government does not find the funds needed during the coronavirus crisis, Prime Minister Elyes Fakhfakh…
Saudi Arabia called on Thursday for an emergency meeting of OPEC and other oil producers, a grouping known as OPEC+, to stabilize the oil market. Riyadh…
Tunisia’s Central Bank revealed an increase in the country’s foreign exchange reserves, which are now estimated at more than 20 billion Tunisian dinars (about…
British gas company Sound Energy PLC has announced requesting Morocco’s National Office of Electricity and Drinking Water (ONEE) to postpone signing Tendrara…
Small and Medium Enterprises General Authority (Monshaat) has revealed a number of services that it has recently provided on its Mazaya platform in line with…
The King Abdullah Petroleum Studies and Research Center (KAPSARC) revealed that the global oil market is going through an extraordinary period, which requires…
Saudi Arabia’s crude supply rose on Wednesday to a record of more than 12 million barrels per day, two industry sources said. This came a day after a producer…
The battered Lebanese pound has weakened even more during a coronavirus lockdown, with banks blocking access to already scarce dollars, forcing up their price…
Traffic in Egypt’s Suez Canal has not been affected so far by the spread of the new coronavirus, the chief of its authority, Osama Rabie, said on Wednesday. …
The Saudi Ministry of Commerce told Asharq Al-Awsat that it was coordinating with government agencies to monitor challenges facing the private sector and…
Morocco’s central bank has announced a series of measures to increase three-fold the financial capabilities of banks to enable them to counter the impact of…
The Group of 20 major economies said on Tuesday that they would present a coronavirus action plan in two weeks to address the debt vulnerabilities of the…
The Human Resources Development Fund (HADAF) announced the activation of a special initiative aimed at supporting Saudi private sector employees. The…
Dubai's Crown Prince Sheikh Hamdan bin Mohammed said on Tuesday the emirate's government was committed to fully support Emirates airline and will inject fresh…
Saudi Arabia announced on Monday that there are sufficient stocks of essential goods and food supplies to meet the market demand amid the coronavirus outbreak…
Lebanese banks are easing international transfers to students living abroad, head of the Lebanese Association of Banks (ABL) Salim Sfeir announced on Monday. …
Saudi Arabia Energy Ministry official said the Kingdom intends to increase its crude oil exports, starting from May, by about 600 thousand barrels per day,…
The Turkish economy was healing after a recession when the new coronavirus struck, leaving Ankara scrambling to contain the damage with stimulus measures worth…
Egyptian President Abdul Fattah al-Sisi has told the relevant authorities to boost strategic reserves of staple goods, a presidency spokesman said on Monday,…
Organizers of Expo 2020, a multi-billion-dollar world trade fair originally scheduled to open in Dubai in October, on Monday recommended a one-year…
The Saudi Arabian Monetary Authority (SAMA) has revealed a package of precautionary measures taken in the banking sector. SAMA, the Kingdom’s Central Bank,…