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…
The Department of Treasury and External Finance at the Ministry of Economy, Finance and Administration Reform in Morocco reported that the public foreign debt…
The Egyptian pound is expected to continue its strong performance during 2020, supported by the successful management of Central Bank of Egypt (CBE) in its…
Judicial sources in Lebanon revealed that dozens of lawsuits were filed by depositors against Lebanese banks on charges of withholding their money. The…
Turkey’s Independent Industrialists and Businessmen Association, otherwise known as MÜSİAD, revealed that Ankara is looking to boost Turkish exports to Libya…
Yemen’s Oil and Minerals Minister Aws al-Awd has affirmed the government’s attempts to raise its oil production to about 80,000 barrels per day (bpd) in Q1…
Initiatives supporting economic activities are a requirement to achieve a financial balance which Saudi Arabia depends on, according to a study currently…
Turkish manufacturing activity contracted slightly for a third straight month in December, although output rose for a second month and factories expanded their…
The Saudi stock exchange total gains in 2019 amounted to 7 percent, especially with the Aramco IPO and traders rushing to buy its shares. The Saudi stock…
German trade with Iran has continued to shrink with Iran due to the crushing economic sanctions imposed by the United States against Tehran. The Federal…
Saudi Arabia’s non-oil private sector’s GDP rose 4.3 percent during the third quarter of 2019, confirming the success of the Kingdom's policy of pushing…
Oman’s government expects to increase spending this year by 2% to 13.2 billion rials ($34.38 billion), but its fiscal deficit will remain high at 8% of gross…
The Saudi Aviation Association signed on Tuesday a memorandum of understanding with BAE Systems Saudi Development and Training. The MoU seeks cooperation to…
Saudi Arabia’s National Program for Conservation and Energy Efficiency (Tarsheed) completed last week the rehabilitation of the first three batches of its…
Israel's offshore Leviathan field started pumping gas on Tuesday in what the operating consortium called "a historic turning point in the history of the…
Saudi Arabia steps into the new year amid a challenge to provide sustainable development solutions to overcome the new century’s crises. This was revealed in…
Exxon Mobil Corp said on Monday it had acquired more than 1.7 million acres for exploration offshore Egypt, strengthening its portfolio in the eastern…
Tunisia's state-owned phosphates producer Compagnie des Phosphates de Gafsa (CPG) has declared a state of alert after an announcement by the government on…
Three global companies have won Egypt’s first international bid to explore oil and gas in the Red Sea. Egypt said on Sunday it awarded oil and gas…
Susan, a fifty-year-old single mom with two children studying abroad, one in Paris and another in London, spends hours at the bank at least two days a week…
Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world’s biggest oil…
Sudan has passed its 2020 budget that includes an overall deficit of about 73 billion Sudanese pounds ($1.62 billion), Finance Minister Ibrahim Elbadawi said…
Dubai unveiled a 2020 budget on Sunday, projecting record spending of $18.1 billion, up 17 percent on this year. The Gulf city state expects revenues too to…
Egyptian regulators have approved Uber's $3.1 billion acquisition of regional rival Careem after agreeing to a set of commitments proposed by the US-based ride…
Sudan’s transitional government is to postpone lifting fuel subsidies, initially planned as part of the 2020 budget, the information minister said on Saturday…