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…
Since Lebanon was placed in lockdown to curb the spread of coronavirus, cash-strapped banks have cut access to dollars for depositors already separated from…
Saudi Arabia announced new emergency stimulus measures on Friday that took its support for the economy to more than $32 billion. The Saudi central bank said…
Control teams working under the Saudi Ministry of Commerce and Investment carried out over 10,000 inspection rounds in the past few days. These inspections…
Saudi Arabia has said the government will cut spending by five percent, or about $13.3 billion as part of measures to face the coronavirus outbreak, while…
Saudi Arabia's Energy Ministry said on Wednesday it had directed national oil company Saudi Aramco to keep supplying crude oil at a record rate of 12.3 million…
Saudi Ports Authority (Mawani) announced on Wednesday the launch of a new shipping line connecting the Kingdom of Saudi Arabia with East African countries…
The Association of Lebanese Banks retracted its decision to close all bank branches until March 29, which was taken as part the health emergency plan announced…
Oman's central bank is preparing to provide some 8 billion Omani rials ($20.8 billion) in extra liquidity to banks as one of several measures aimed at…
Tunisian authorities announced they will seek a new financing program tor the country’s economy. Tunisia struck a deal with the International Monetary Fund …
Inflation in Morocco is expected to average 0.7 percent in 2020 and accelerate to 1.2 percent in 2021, Morocco's central bank (Bank Al-Maghrib) said Tuesday. …
Dubai Holding, a global investment holding company, and Meraas, Dubai’s premier developer and operator of lifestyle destinations, have launched an economic…
Saudi Arabia called on Tuesday for holding an extraordinary virtual meeting for the leaders of the G20 to combat the new coronavirus pandemic. Saudi Arabia,…
Saudi Arabia, the world’s top oil exporter, plans to boost its crude oil exports to more than 10 million barrels per day from May while burning less crude for…
Judicial and security authorities in Lebanon have intensified their procedures to prosecute money changers, who are not abiding by the rate set by the Central…
Gulf central banks cut interest rates on Monday, a day after the US Federal Reserve slashed its rates to near zero in an effort to ease the impact of the…
Some Libyan cities have been suffering from a severe fuel shortage for several reasons, including the difficulty of transporting fuel via unsafe routes and…
Sudan announced the postponement of a major economic conference, which was scheduled for March 29, due to the outbreak of the new coronavirus. The national…
The Saudi Ministry of Human Resources and Social Development issued on Tuesday the temporary guideline for remote work in the private sector in line with the…
The Saudi Arabian Monetary Authority (SAMA) has directed all financial institutions including banks and money exchanges in the Kingdom to work remotely for a…
State oil giant Saudi Aramco said on Monday it was likely to sustain higher oil output planned for April through into May, and that it was “very comfortable”…
The Central Bank of Jordan said it cut its main interest rates by 100 basis points to 2.50% in the second such move in nearly two weeks to spur an economy hard…
Bank branches in Lebanon will close from March 17-29 for the safety of employees during the coronavirus outbreak, the banking association said on Monday. It…
Australia and South Korea on Sunday called for meetings of leaders and finance chiefs from the world’s top industrial and emerging nations as the coronavirus…
Saudi Aramco disclosed on Sunday its financial results for 2019, recording a net profit of 330.7 billion riyals ($88.2 billion) despite low oil prices and…