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…
Egypt has signed a cooperation agreement with the US “Bechtel” company to execute a refining and petrochemical complex in the Suez Canal Economic Zone (SCZone)…
Lebanon has formally requested that the IMF send a technical delegation to help draw up a comprehensive economic, monetary and financial plan to rescue it from…
Algeria’s public debt was equivalent to 45 percent of its Gross Domestic Product (GDP) by the end of last year, Prime Minister Abdelaziz Djerad said, warning…
Morocco has succeeded in convincing Turkey to review a list of Moroccan complaints on a free trade agreement between the countries, said the trade minister…
Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded a five percent increase in revenue to AED4.673 billion (US$1…
Fuel shortages have left motorists in Sudan skipping work to queue for petrol and forced the transitional government to introduce a rationing system as it…
The Turkish lira dropped about 0.6 percent against the dollar on Tuesday, amid investors' growing concerned over the escalation of violence between the Syrian…
Chairman of Bahrain Chamber of Commerce and Industry Sameer Abdullah Nass has taken over the presidency of the 21st session of the Federation of the Gulf…
Bahrain said on Monday that it is committed to supporting cuts on oil production by an additional 600,000 barrels a day as recommended by the OPEC+ Joint…
The Egyptian pound gained on Monday to its strongest against the dollar since the week after Egypt allowed the currency to weaken as part of an economic reform…
Saudi Arabia’s Citizen Account Program has announced the deposit of (2.6) billion riyals in the accounts of citizens benefiting from the program for the month…
The worst is yet to come for Lebanon's banks. The old-style way of running the economy – attracting capital via investments from the diaspora – created the…
Algeria plans to issue sukuk, or Islamic bonds, and develop its small stock exchange as the oil reliant economy seeks to diversify funding sources, according…
Saudi foreign trade has begun affecting Saudi economic growth, revealed a recent study. It said the growing foreign investment flow in Saudi Arabia during…
Turkey’s lira slipped in volatile trade on Monday after new government limits on banks’ foreign-exchange helped the currency briefly erase Friday’s sharp…
The United Arab Emirates announced Sunday a $500 million initiative to help fulfill the vision of a new Africa driven by its youth, announced UAE Minister of…
Saudi Arabia received since the beginning of 2020, 1,000 ships carrying 25 million tons of cargo, as Saudi Ports Authority (Mawani) aims to facilitate import…
Qiddiya has signed a contract with the Saudi Pan Kingdom Company (SAPAC) to build perimeter fencing around its entire premises. The first layer of security…
Azerbaijan is likely to support further oil output cuts by OPEC and its allies, the country’s energy minister said. A move described as necessary to…
The Israeli military blocked Palestinian agricultural exports on Sunday in the latest escalation of a months-long trade war that comes amid fears of renewed…
Retail Leaders Circle (RLC) MENA Summit will kick off in Riyadh on Monday, in partnership with “Invest Saudi” and under the patronage of Minister of Commerce…
Yemeni Prime Minister Maeen Abdulmalik Saeed directed leaders at the ministries of finance and civil services to work to provide new job opportunities, which…
World Bank Regional Director Saroj Kumar Jha said that the Bank was awaiting the government’s reform program to decide on the means to help the Lebanese people…
The issue of youth unemployment was the main focus of the G20 Employment Working Group (EWG) meetings held in a Jeddah, Saudi Arabia. The meetings stressed…