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…
A high-ranking delegation of the World Bank's (WB) executive directors has visited Egypt. Egypt’s Minister of International Cooperation Dr. Rania al-Mashat…
The Saudi capital continues to witness discussions among the Group of Twenty working groups in preparation for the G20 summit that is scheduled to be held in…
For major shipping companies dealing with trade wars and slowing global growth, conditions appear to have deteriorated as 2019 came to a close. Global…
The global economy recorded its lowest growth of the decade in 2019, falling to 2.3% as a result of protracted trade disputes and a slowdown in domestic…
Surging oil production from non-OPEC countries led by the United States along with abundant global stocks will help the market weather political shocks such as…
Marrakesh will host the second Annual North Africa Investor Conference on Jan. 23-22, with the participation of international investors representing Asia,…
A recent report said that the Kingdom’s hosting of the G20 summit was expected to be a major catalyst for the growth of the Saudi economy in 2020. The…
A request by Lebanon’s Central Bank Governor for extra powers to standardize banking controls has sparked fears among depositors concerning the measures Riad…
Saudi Aramco started preparing for the International Petroleum Technology Conference (IPTC) 2022 that will be held in Saudi Arabia every two years. The 12th…
The Framework Working Group (FWG) one of the groups working under G20, stressed the need to enhance inclusive economic global growth, reiterating that it won…
Key OPEC Gulf member the United Arab Emirates and the group’s ally Russia said on Wednesday they were still committed to meeting in March to decide on future…
OPEC expects lower demand for its crude oil in 2020 even as global demand rises, it said on Wednesday, as rival producers grab market share and the United…
Lebanon’s caretaker finance minister has asked the central bank governor to hold off on a proposed swap of 2020 Eurobonds after ratings agencies warned it…
Turkey’s budget deficit jumped 70% last year as the government boosted spending before local elections in the face of a recession, while aggressive monetary…
Egypt will offer firms royalties of up to 20% under new mining regulations issued on Wednesday, the cabinet said in a statement. The government hopes the…
Hit by sanctions curbing oil sales, Iran’s economy is set to fall deeper into recession this fiscal year and foreign reserves could drop to $73 billion by…
Morocco’s government intends to review its free trade agreement with Turkey, saying the Moroccan economy has lost $2 billion a year since the signing of the…
The Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Japan’s Agency for Natural Resources and Energy to store more than 8.1 million barrels…
The Kingdom of Saudi Arabia is scheduled to host activities of the G20 business group Summit (B20) in its capital, Riyadh, this week. This year, the summit…
Iraqi Oil Minister Thamer al-Ghadhban said his country plans to raise the production capacity of crude oil during the next two decades. In official…
Samba Financial Group has signed a new cooperation agreement with the Saudi Ministry of Housing program on ‘institutional housing’. Through this project, Samba…
Saudi Arabia revealed Monday that work is underway to benefit from uranium through exploration and laying down management mechanisms of uranium projects and…
The former chief executive of Renault Carlos Ghosn, who fled Japan while awaiting trial on financial misconduct charges, is seeking the payment of a retirement…
Egypt wants to create an investment arm to channel funds to projects along the Suez Canal to take advantage of proximity to one of the world’s busiest shipping…