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…
The Saudi government launched Tajeer, an official car rental platform that reflects the Kingdom's success in employing technical innovations and transformation…
Saudi Aramco will raise its crude supply, which includes oil to its customers inside the Kingdom and abroad, to 12.3 million barrels per day (bpd) in April,…
Markets and shops in the al-Qatif province remain open and supplies of food and goods are adequately available despite the temporary lockdown imposed by the…
Lebanon will resort to a disorderly default if creditors are unprepared to negotiate, broadcaster LBC quoted Finance Minister Ghazi Wazni as saying on Monday…
Stock markets in the Gulf states made a strong rebound in opening trade Tuesday, led by the Saudi bourse which jumped 5.6 percent, as oil prices bounced after…
Credit rating agency Moody's has downgraded its forecast for the growth of the Turkish economy in 2020 to 2.5 percent instead of three percent. It said this…
Lebanon announced on Saturday that it could not meet its debt obligations and suspended repayment of a $1.2 billion Eurobond that matures on Monday, saying…
ACWA Power has revealed signing deals with the Ministry of Energy of Uzbekistan to amplify power generation and develop technical expertise. The three…
Gulf stock markets tumbled on Monday over fears about the widening coronavirus outbreak's effect on the global economy and following the loss of oil prices…
Saudi Arabia, the world’s top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day (bpd) in April, after the…
Tunisia will seek a new loan deal with the International Monetary Fund (IMF), its prime minister said on Sunday, after slashing the country's economic growth…
Negotiations to restructure Lebanon's foreign currency debt should not last more than nine months if well-intentioned, the economy minister told a local…
Saudi Arabia’s Royal Commission for AlUla (RCU) has revealed details for Phase 1 of the AlUla South urban development program, with applications for building…
Lebanon’s banks are ready to talk with the country’s foreign creditors as the government seeks to restructure its debt, a source familiar with the matter said…
A set of Lebanon’s bond holders are to step up efforts to form a creditor group in the coming days after the country’s presidency signaled on Saturday it would…
Lebanon will not pay a $1.2 billion Eurobond due on March 9 as its foreign currency reserves have hit critical levels and are needed to meet the basic needs of…
G20 finance ministers and central bank governors on Friday pledged to take "appropriate" fiscal and monetary measures in responding to the coronavirus outbreak…
The Lebanese central bank called on foreign exchange dealers on Friday not to buy foreign currencies at prices more than 30% beyond the rates set by the…
Oil prices tanked over 8% on Friday and hit their lowest since mid-2017 after Russia balked at OPEC's proposed steep production cuts to stabilize prices. …
NEOM, the new global destination in northwestern Saudi Arabia, announced the holding of the first version of the NEOM Mobility 2020 conference on March 11-13,…
The Saudi Ministry of Labor and Social Development has issued a ministerial order to “Saudize” wholesale and retail operations in nine economic activities by…
Samba Financial Group has signed the Maziah Program agreement, in which Samba provides funding solutions and banking products to persons affiliated with…
The Central Bank of Tunisia (BCT) has reported a fall in domestic demand for raw material and semi-manufactured goods in Tunisia, in a record-rate during the…
Bahrain’s central bank on Thursday urged banks and financing companies to consider re-scheduling or granting deferrals on credit installments in light of the…