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…
Another Lebanese newspaper has fallen victim to the faltering economic and financial situation in the country that used to boast flourishing press. Lebanon…
OPEC and its allies are considering cutting their oil output by a further 500,000 barrels per day (bpd) due to the impact on oil demand from the coronavirus,…
Bridegrooms in the Gaza Strip are finding marriage a path to debtors’ prison rather than to happiness. Wedding celebrations cost around $10,000 in the…
Turkey’s consumer price inflation rose a bit more than expected to 12.15% year-on-year in January, official data showed on Monday, climbing for the third…
Samba Financial Group posted Sunday a 30 percent rise in annual net profit to reach $1 billion, helped by a lower charge for Zakat, or Islamic tax, and a…
The inflation rate dropped below six percent end of January, for the first time in several years, said Tunisia's Central Bank (BCT) Governor Marouane Abassi. …
The Biban Forum in Riyadh succeeded in mobilizing 36 finance entities amid the presence of business incubators and the participation of 120 companies operating…
The International Monetary Fund (IMF) has expressed an intention to assist Sudan in overcoming the economic challenges in the country. The Executive…
The United Arab Emirates (UAE) announced on Monday a new gas find with 80 trillion standard cubic feet (tscf) of shallow gas resources, a discovery that could…
Kuwait Anti-Corruption Authority (Nazaha) announced on Sunday referring a number of officials at Kuwait Oil Company (KOC), along with others facing corruption…
Kuwait and Saudi Arabia have started preparation work to resume crude oil production from the al-Khafji oilfield jointly operated by the two countries, with…
The renewable energy sector accounts for 1 percent of total employment in Egypt, Morocco, and Jordan, based on an economic study issued by the King Abdullah…
Lebanese Prime Minister Hassan Diab, Central Bank Governor Riad Salameh and Chairman of Association of Banks Salim Sfeir failed to quell the fears of Lebanese…
Syria's regime Saturday started rationing subsidized food like rice and sugar with smart cards, a ministry said, in the latest measure to address an economic…
The Lebanese government has taken a central bank circular aimed at regulating the relationship between banks and their customers and will study and decide on…
Lebanon’s finance minister urged the banks on Friday to cut interest rates and also tried to reassure savers that their deposits would not be touched as the…
A top UN official has warned that the international community would "pay a terrible price" if it fails to help rebuild Sudan's dilapidated economy as the…
Oil prices rose on Friday but were still set for a fourth consecutive weekly loss, as markets attempted to assess the economic damage of the coronavirus that…
Over the past decade, the successive growth witnessed in the cyber security market in Saudi Arabia has caught global attention, given the volume of government…
Lebanese Central Bank Governor Riad Salameh has said that $1 billion had been transferred out of the country, despite tight restrictions on withdrawals, and…
Jordan has agreed a new $1.3 billion program with the International Monetary Fund (IMF) and will receive a first installment of $140 million by the end of…
Saudi Basic Industries Corp (SABIC), one of the largest petrochemical manufacturers in the world, reported a 74 percent decline in profits and a SR5.6 billion …
Central bank governor Tarek Amer has stated that the International Monetary Fund (IMF) offered new funding but Egypt rejected it. Amer affirmed that there…
The Neom smart-city project will use cutting-edge solar technology to power a desalination plant that produces clean, low-cost, environmentally friendly…