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…
Stock markets in the energy-rich Gulf states bounced back Monday, following losses in the previous session driven by fears over the impact of the coronavirus…
Somalia’s 2-million strong diaspora has a huge role to play as the Horn of Africa country rebuilds its economy and resets ties with major international…
Saudi Aramco said on Sunday that its proposed acquisition of a 70% majority stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund…
Saudi Arabia has recently decided to implement the industrial cities project in the Kingdom. This step is aimed at accelerating the pace of benefiting from…
Saudi firms have started the countdown to announce their financial results for the final quarter of 2019. Traders of the Saudi stock exchange are…
Stock markets in the Gulf slumped on Sunday on fears the spreading coronavirus outbreak could hurt the global economy and oil prices. Kuwait’s bourse, which…
gypt introduced exceptional measures on Sunday to make it easier for listed companies to buy treasury stocks, a move aimed at supporting the stock market…
The Saudi Industrial and Development Fund (SIDF) has been seeking to stimulate small and medium enterprises by financing projects in the manufacturing sector…
With the deterioration of economic conditions to unprecedented levels, Lebanese officials are looking into the possibility to rescheduling the public debt and…
Saudi Aramco has gained unconditional EU antitrust approval for its $69 billion bid for a 70 percent stake in petrochemicals group Saudi Basic Industries Corp …
Several key OPEC members are leaning towards a bigger than previously expected oil output cut, four sources with knowledge of the talks said, as oil prices…
Lebanon will take a decision on its Eurobonds — including one maturing on March 9 — in the coming week, information minister Manal Abdel Samad Najd said on…
The Saudi Fund for Development (SFD) revealed that the kingdom has provided official development assistance (ODA) for over 1000 projects in 85 countries…
Saudi Arabia has hosted a huge banking and investment group in Riyadh, including 67 banks and financial companies that were briefed on up to 100 potential…
Russia is "very satisfied" with its cooperation with Saudi Arabia and wants to continue such collaboration within the alliance between OPEC and non-OPEC oil…
Lebanon's president Thursday inaugurated the Mediterranean country's first offshore exploratory drilling for oil and gas, calling it a "historic day" for the…
Lebanon intends to ask for a seven-day grace period for a $1.2 billion Eurobond that matures on March 9, as it is entitled to, in order to give financial…
Royal Dutch Shell’s onshore Egyptian oil and gas assets have drawn interest from American, Egyptian, Asian and Middle East bidders, two sources familiar with…
Lebanon on Wednesday paid $71 million in coupons due on Eurobonds maturing in 2025 and 2030, a source familiar with the matter said according to Reuters, a day…
Lebanon’s much-delayed search for offshore oil and gas is set to begin on Thursday with the results from its first exploratory well expected in the next two…
The Saudi Arabian Monetary Authority (SAMA) has revealed a project to introduce an instant payment system in the Kingdom. It announced licensing two digital…
Transforming the Saudi General Investment Authority (SAGIA) into an independent ministry represents a fundamental shift in the national economy. Such a…
Saudi Arabia is expected to witness the development of about 72 entertainment projects aimed at improving the quality of life which will support the GDP with…
A drillship anchored off Lebanon Tuesday to explore for oil and gas, an energy firm and the government said, raising hopes for a future boost to the country's…