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…
Lebanon’s financial prosecutor has frozen the assets of 20 Lebanese banks, their top bosses and board members, state media and judicial sources said on…
The Lebanese government will meet on Saturday to take a decision on its Eurobonds, the country's information minister said on Thursday after a cabinet meeting…
Minister of Industry and Mineral Resources Bandar Alkhorayef has revealed ongoing cooperation with the Ministry of Commerce and Investment to unify procedures…
In an unprecedented step, Saudi Arabia unveiled Wednesday a land-lease for a project to develop and manufacture unmanned aircraft systems. Director General…
A Saudi ministry has completed the rehabilitation of its lighting system by converting all the lights to energy saving lamps. This step reflects the Kingdom…
The Sudanese Ministry of Finance announced raising the minimum wage for civil servants to SDG 3,000 (almost $150) following a three-day strike launched by…
Saudi banks raised their investments in treasury bonds by SAR3 billion month-on-month (MoM) to SAR386.7 billion ($103 billion) in January 2020, new data from…
Saudi Arabia and the United Arab Emirates joined the US Federal Reserve on Tuesday and announced reducing key interest rates by 50 basis points. The Saudi…
Saudi government efforts are now funneled into promoting the Kingdom as an investment and tourism destination and a platform for commercial opportunity,…
A delegation from the World Bank (WB) headed by the Regional Director for Egypt, Yemen and Djibouti Marina Wes is visiting the interim capital Aden currently. …
Several banks in Sudan are introducing Visa payment systems as the country seeks to develop its financial sector following decades of isolation, a central bank…
Sudan has agreed a roadmap to "rehabilitate" the country in a trilateral agreement with the World Bank, International Monetary Fund and African Development…
Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, held talks in Riyadh on Tuesday with CEO of Morgan Stanley James Gorman,…
The Saudi Basic Industries Corporation (SABIC) has won the Best Corporate Governance Award for the 3rd year in a row, at the level of the largest companies in…
Mohamed Khattab, E-Commerce Director at B-Tech, has stated that the repercussions of coronavirus on the Egyptian retail sector might outweigh health damages. …
Russia is evaluating an earlier and smaller oil production cut proposal made by OPEC and its allies, energy minister Alexander Novak said, adding it had not…
Abu Dhabi Developmental Holding Company (ADDH), announced on Monday that it concluded an agreement with Wizz Air Holdings, to establish Wizz Air Abu Dhabi. The…
A Lebanese prosecutor Monday questioned bankers over more than 2 billion dollars in capital flight in past months despite strict banking restrictions in the…
The head of the World Trade Organization said on Monday that he expected the coronavirus epidemic to have a ‘substantial’ impact on the global economy, but…
The Saudi Arabian Monetary Agency (SAMA) revealed that it issued four licences for several FinTech payment companies granting licences to STC Pay, Geidea,…
Saudi non-oil economy recorded a 3.3 percent growth at the end of last year, with the overall growth of 0.3 percent during 2019, according to the Saudi General…
Middle East airlines have lost an estimated $100 million so far due to the coronavirus outbreak and governments should help the carriers through this …
Lebanon's financial and legal advisers are in talks with holders of its dollar-denominated debt on a restructuring but have not reached a deal, a source close…
The International Air Transport Association (IATA) said on Monday it was working with Lebanon's central bank to ensure revenues of non-Lebanese airlines…