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 sovereign debt is probably going to be restructured in a way that hurts neither the economy nor depositors, and foreign holders will be repaid, the…
Saudi Arabia has pushed for the implementation process of the nationalization policy of workforce in its private sector. This came as part of its campaign…
Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously stated after…
Saudi Arabia will work for oil market stability at a time of heightened tension in the region and wants to see sustainable prices, Energy Minister Prince…
A global survey prepared by Ernst & Young (EY) said 23% of wealth management clients in the Middle East are planning to move assets in the next three years,…
Tunisia's Gross Domestic Product (GDP) growth will reach 2.2 percent in 2020, according to new World Bank (WB) forecasts. These rates will be achieved…
South Korea's exports to Iran dropped nearly 90 percent from a year earlier in the first 11 months of last year, data showed Sunday. In the January-November…
Preparations are underway in Saudi Arabia to organize the first ever global conference aimed at discussing the multiplicity of specialties, technologies and…
The King Abdullah City for Atomic and Renewable Energy (KACARE) revealed on Saturday a plan to increase local content in the renewable energy industry chains…
Lebanon's central bank is seeking extra powers to regulate and standardize controls which commercial banks are imposing on depositors, the governor said on…
UAE Minister of Energy and Industry Suhail Al Mazrouei expected demand for oil to increase in 2020, as the global economy is recovering due to ease in trade…
The world economy cannot afford an oil barrel price hitting $100, said the head of the International Energy Agency (IEA). IEA Executive Director Fatih Birol…
All major Gulf stock markets opened higher on Sunday, extending their gains from the previous session, amid relief at no further escalation in tensions between…
Egypt's Prime Minister Mostafa Madbouly said the state's development projects need concerted efforts between the government and the private sector at the…
Comments made by Lebanon’s central bank governor Riad Salameh have created a legal confusion in Lebanon after he said that banks were not compelled to give…
Sudan started allowing private traders to export gold, a measure designed to crack down on smuggling and attract foreign currency into the country’s cash…
Saudi Arabia is about to launch four giant projects to produce solar photovoltaic systems within a national renewable energy program. The Kingdom’s Energy…
The Egyptian government is deploying intensive efforts to develop slum areas, which represent a major challenge in the residential and real estate field. …
Saudi ACWA Power signed an implementation agreement with the Ministry of Energy of Azerbaijan for developing, building and operating a 240 MW wind power…
Out of Japan and free to speak to the media, a fugitive Carlos Ghosn is proving a fresh headache for his old firm Nissan as it struggles to rebuild its…
Damascus estimated on Thursday that Syrian deposits in Lebanese banks are worth around $45 billion, equivalent to a quarter of the entire deposits in Lebanon…
Masdar City has announced that it broke the Guinness World Record for the world's largest mosaic made from recycled materials. The mosaic, which measures 1…
Lebanon’s banks will not go bankrupt and deposits are secure but the country needs foreign support to pull itself from crisis, central bank Governor Riad…
The electronic signature service has been launched for banks in Saudi Arabia. Saudi Minister of Communications and Information Technology Abdullah Alswaha…