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…
Egypt’s central bank has temporarily limited daily withdrawals and deposits from ATMs and banks in an effort to curb the novel coronavirus outbreak. The…
India’s oil minister said on Sunday that he had discussed global oil market developments with Saudi Energy Minister Prince Abdulaziz bin Salman and Aramco’s…
Qatar Airways will have to seek government support eventually, Chief Executive Akbar al-Baker told Reuters on Sunday, warning that the Middle East carrier…
The European Union has granted Tunisia 250 million euros in aid to help it cope with the economic and social effects of the coronavirus outbreak, EU ambassador…
Saudi Arabia intends to benefit from foreign expertise on the level of government bodies in an effort to develop government performance and upscale it to…
Iraq's trade ministry said late on Friday the inspection of a Vietnamese rice cargo in its waters had been delayed by measures to control the coronavirus…
Lebanon has expressed interest in receiving emergency financing from the International Monetary Fund to combat the rapidly spreading coronavirus pandemic, but…
Morocco will spend an initial 2 billion dirhams ($200 million) to help its health system cope with the coronavirus outbreak, the finance ministry said on…
Saudi Arabia said on Friday it was not in talks with Russia to balance oil markets despite an attempt by Moscow to increase the members of the so-called OPEC+…
Lebanon launched formal debt restructuring talks on Friday with a pledge to implement an economic turnaround plan by year-end, but officials painted a gloomy…
The High Commission for Planning in Morocco said that 72% of wholesalers expect a stable volume of total sales during Q1 2020, with 17 percent expecting an…
Saudi Arabia is launching government-backed initiatives to face the repercussions of the outbreak of coronavirus on the labor sector. The Kingdom is seeking to…
Egyptian Minister of Planning Hala El-Saeed said on Thursday that the country’s targeted growth of GDP for FY 2019-2020 has been lowered to 5.1% from 5.6% due…
Iraq has sent a proposal to all international oil companies asking them to reduce the budgets of developing oilfields by 30% as the slump in oil prices has…
The human and economic toll of the lockdowns against the coronavirus mounted Thursday as India struggled to feed the multitudes, Italy shut down most of its…
The Saudi private sector has established a unit that functions under the Council of Saudi Chambers (CSC) to address any obstacles facing food and medical…
The Saudi Business Group, World Health Organization, and the International Chamber of Commerce wrote an open letter to G20 leaders in pursuit of stopping the…
The Turkish central bank has stepped in to rescue the lira from a new collapse, following sharp drops in the past weeks. The central bank said on Tuesday it…
The International Monetary Fund (IMF) said on Wednesday that its board approved a four-year $1.3 billion aid plan for Jordan, made all the more necessary by…
Minister of State and UAE Sherpa Ahmed Ali Al Sayegh stressed the need for multilateral cooperation in efforts to curb the spread of the new coronavirus. …
Shut out of international capital markets and facing a further hit to its finances with the collapse in oil prices coming on top of US sanctions, Iran is…
As businesses have been suspended and a partial curfew imposed across Saudi Arabia to curb the spread of the coronavirus, the Kingdom has witnessed an increase…
The volume of cash circulation in Saudi Arabia reached $53.3 billion, while that of coins traded amounted to about $130 million by the end of January,…
The Central Bank of Egypt (CBE) has provided loans to tourism institutions with repayment terms of up to two years and a six-month grace period in an effort to…