The Gulf Cooperation Council (GCC) member states took a new step toward completing the railway interconnection project by signing the project's general…
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…
Dubai’s Department of Economic Development (DED) expects the real GDP growth to reach 2.1 percent this year, 3.2 percent in 2020, and 3 percent in 2021. …
Saudi Aramco's listing will boost the Kingdom's efforts to diversify from oil as the bulk of proceeds will be injected in domestic projects, while the global…
Saudi Aramco began trading for the first time on Wednesday, gaining 10% in the first moments on the market and pushing its worth to $1.88 trillion, making it…
Saudi Arabia’s central bank is ready for any liquidity squeeze from Saudi Aramco’s initial public offering (IPO) and is closely monitoring local banks, its…
The Syrian Parliament has approved two bills to establish two private companies operating in the field of oil refineries. A company affiliated with “Katerji…
An international conference on Wednesday will probably signal a readiness to provide support for Lebanon once a new government is formed that commits to…
Saudi Arabia’s Finance Ministry, in a report, revealed that three economic and financial challenges face the Kingdom's economy in 2020. The most important…
Saudi Arabia announced a 1.02 trillion riyal ($272bn) budget for 2020 with revenues forecast at 833 billion riyals ($222.1bn). The Kingdom’s finance…
Lebanon’s political impasse has deepened after a tentative deal on a new prime minister unraveled, leaving the country rudderless as it grapples with the worst…
Two Saudi investment funds have revealed financing a promising wireless environmental sensor project. This step comes in line with the Kingdom’s attempt to…
MBC Group said on Monday it has appointed Marc Antoine d’Halluin as chief executive, replacing Sam Barnett who left in October after 17 years with the Middle…
The profits of eight main Moroccan banks reached $1.1 billion at the end of September, a 0.96 percent increase compared to the same period last year, while the…
Egypt's spending on fuel subsidies dropped by about 69 percent year on year to 7.25 billion Egyptian pounds ($451 million) in July-September, Petroleum…
The Ministry of Municipalities and Rural Affairs announced on Sunday a decision to end requirements of segregation in restaurants in a statement published by…
Saudi Arabia has risen up the ranks of the United Nations e-commerce index, reflecting the Kingdom’s achievements in promoting internet use. In a report by…
Egypt has started to gradually regain its position among the major tourist countries in the world as its tourism sector is expected to recover strongly during…
Kuwait's non-oil exports fell 0.9 percent in November from a year earlier, said the Ministry of Commerce and Industry on Saturday, citing an increase in the…
OPEC and its allies would only ease supply curbs and pump more oil once global crude inventories fall and pricing reflects a tighter market, Saudi Arabia’s…
Lebanese caretaker Prime Minister Saad Hariri wrote to the leaders of Germany, Britain and Spain on Saturday to request help in securing credit for imports,…
Saudi Arabia and Russia spearheaded a deal on Friday that will see the OPEC+ group of oil producers commit to some of the sector's deepest output cuts in a…
Tunisia’s annual inflation rate fell to 6.3 percent in November from 6.5 percent in October, official data showed on Wednesday. In September the inflation was…
The International Islamic Trade Finance Corporation (ITFC) announced that the volume of funding for trade provided over the past 12 years amounted to $50…
Despite official statements by Lebanon’s Central Bank (BDL) and the Association of Lebanese Banks, depositors’ anxiety is mounting amid strict measures adopted…
A panel of energy ministers representing the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers led by Russia recommended a deeper…