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…
A Moroccan business center has expected the country's economic growth to drop to 0.8 percent this year due to drought and the impact of the new coronavirus on…
UAE's Sharjah National Oil Company (SNOC) said on Tuesday that the impact of the coronavirus outbreak will delay the startup of production at its Mahani gas…
Morgan Stanley published an analysis on Tuesday saying debt relief of 100%-125% of Lebanon’s annual economic output is needed as the country faces tough debt…
UN Secretary-General Antonio Guterres urged leaders of the world’s 20 major industrialized nations on Tuesday to adopt a “wartime” plan including a stimulus…
Egypt’s Financial Supervision Authority agreed to end the mechanism of temporary suspension at the level of EGX 100 index for the market as a whole, based on…
G20 ministers of Finance and central banks governors have revealed an agreement to adopt three tracks to reduce the repercussions of the coronavirus on global…
Turkey's death toll from the coronavirus increased by seven to 44 on Tuesday as the number of confirmed cases rose by 343 to 1,872, Health Minister Fahrettin…
Tunisia's Finance Minister Nizar Yaich said on Monday that the International Monetary Fund will loan the country USD400 million to help it limit the impact of…
Saudi market regulators struck with an iron fist as they started investigating the first case of illegal stockpiling of medical preventative products and price…
A dozen countries in the Middle East and Central Asia have asked the International Monetary Fund for financial support in dealing with the coronavirus, and the…
Public sector agencies in Saudi Arabia have revealed high levels of performance and business flow, despite the suspension of work at the headquarters amidst…
Lebanon will discontinue payments on all its foreign currency Eurobonds, the finance ministry said on Monday, as it seeks to devise a way out of the country's…
Saudi Arabia stressed that the pumping water, as well as agricultural activity and supply chains, are operating regularly and are unaffected by the coronavirus…
Saudi Arabian Monetary Authority (SAMA) has instructed all local banks to postpone payments for all public and private health workers who have credit…
A joint Saudi-US report expected smooth flow of giant projects in Saudi Arabia, despite the challenges imposed by the coronavirus outbreak and the implications…
Lockdowns and panic food buying due to the coronavirus pandemic could ignite world food inflation even though there are ample supplies of staple grains and…
Emirates said Sunday it has dramatically cut its passenger flight destinations from 145 locations to just 13 countries, due to disruptions caused by the…
Airports in Saudi Arabia were left empty as the Kingdom’s decision to suspend domestic flights over coronavirus fears went into effect. Asharq Al-Awsat…
The coronavirus pandemic has sent stock markets into freefall and industries to the wall, however many firms enabling more private, online and tech-based…
Saudi Aramco chief Amin Nasser stressed that the company has developed emergency and prevention plans in all areas of business in order to ensure the…
Tunisia is allocating 2.5 billion dinars ($850 million) to combat the economic and social effects of the coronavirus health crisis, Prime Minister Elyes…
The Kremlin's spokesperson has suggested that no one should interfere in Russia and Saudi Arabia relations as an oil price dispute continues roiling global…
Turkey's unemployment rate reached 13.7 percent at the end of 2019, a 2.7 percent increase from the previous year, according to official figures. Turkey’s…
Saudi Arabia's Finance Minister Mohammed al-Jadaan said he estimated the country's budget deficit to widen up to 9% by the end of the year, from an earlier…