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…
Saudi Arabia's Local Content and Government Procurement Authority (LCGPA) has revealed its commitment to implement a set of projects in cooperation with some…
Saudi Arabia, which currently chairs the G20 group, confirmed taking precautionary measures during meetings scheduled to be held this March to limit the spread…
The central bank of the United Arab Emirates (UAE) announced on Saturday a 100 billion dirham ($27 billion) economic plan aimed at containing the impact of the…
Saudi Arabia's central bank said on Saturday it had prepared a 50 billion-riyal ($13 billion) package to help small and medium-sized enterprises cope with the…
The Governor of the Central Bank, Riad Salameh, has asked all Lebanese banks to give priority to transfers aimed at purchasing medical supplies and equipment…
The representatives of the G20 leaders have discussed the coronavirus outbreak and its impact on people and the global economy during the second Sherpa meeting…
Saudi Arabia is flooding Europe with oil, five trading sources said on Friday. The sources, from oil majors and refiners which process crude in Europe, said…
The Saudi National Center for Palms and Dates has revealed a rise in exports of Saudi dates by 14.6% during the year 2019 compared to 2018 to reach about SR…
Asian refiners have raced this week to buy Saudi crude oil after the Kingdom announced that it would increase its supplies. Saudi Aramco has rejected at…
Lebanon should move quickly to implement reforms to stabilize the country's economy, the International Monetary Fund said Thursday. Lebanon is facing its…
Head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev said that partnership would continue with Riyadh within the framework of the Saudi-Russian…
Saudi Arabia’s Local Content and Government Procurement Authority (LCGPA) has revealed completing its strategy for the coming stage, and announced a series of…
After importing medical supplies to Lebanon for 20 years, Hassan Hamdan shut his business in December. Sales were plummeting, clients couldn't pay, and the…
Saudi Arabia has denied it held any talks with Russia over oil prices saying such reports "were baseless." This came in response to a media report claiming…
State-owned Abu Dhabi National Oil Company (ADNOC) has announced that it can boost supply to more than 4 million barrels per day in April, in response to…
Saudi Aramco said Wednesday it plans to raise its crude production capacity by one million barrels per day to 13 million bpd. "Saudi Aramco announces that…
The General Authority for Military Industries (GAMI) announced on Tuesday that it plans to develop 21 military technologies over the next seven years. “GAMI…
The Dubai International Financial Centre (DIFC) said the total of registered firms in the Center reached 2,437, up 14 per cent from 2018, with a total of 32…
Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday he does not see a need to hold an OPEC+ meeting in May-June if there was no agreement on what…
Lebanon has bowed to the inevitable and said it won’t be honoring a $1.2 billion bond payment that was due on Monday. It will be its first default, but what…
Lebanon's public prosecutor has agreed with commercial banks a set of rules aimed at protecting the rights of depositors, state news agency NNA reported on…
Moody's Investors Service warned on Tuesday that private creditors faced significant losses as a result of the government's decision to defer payment of the…
The complex Lebanese crisis opened the door for comparison with previous crises that took place in other countries, in search of common points for which…
At least a quarter of Iran’s oil rigs are out of action as US sanctions strangle the country’s vital oil industry, according to a Reuters review of financial…