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…
State-owned oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, the company said on Thursday, making it the…
Jordan agreed on Thursday to public sector wage rises, a move that will increase government spending at a time of rising public debt but is crucial to stave…
Iraq, a major Middle East grain importer, said on Wednesday it planned to purchase 750,000 tons of wheat from abroad in 2020 and said nationwide protests that…
Saudi Aramco’s bookrunners have recommended pricing its initial public offering at 32 riyals ($8.5) per share, the top of an indicative price range, three…
Lebanon's central bank told commercial banks on Wednesday to cap their interest rates on deposits in foreign currencies at 5% and to cap the rate on Lebanese…
How can the wealthiest nations around the globe continue to help the world's poorest countries? This is a question that delegates will look to address during a…
Egypt has overcome a “disastrous” economic crisis in 2016, but the situation is now better and will further improve, announced Egyptian President Abdel Fattah…
The Saudi economy recorded its biggest increase in new work in more than 51 months, according to a report from IHS Markit. Employment among non-oil…
The International Islamic Trade Finance Corporation (ITFC) will provide $1.1 billion of funding to help Egypt with imports of petroleum products and basic…
State-owned Oman Oil Co expects to list 20% to 25% of the company in an initial public offering (IPO) by the end of next year, Oman's Oil Minister Mohammed al…
Lebanese politicians must agree a new government that can stabilize the economy and attract international support if the country is to stave off even deeper…
A report issued by the Kuwait Financial Centre (Markaz) has revealed that the Kuwaiti market overcame the wave of decline in the past three months, and there…
Total ownership of foreign investors in the Saudi stock market reached a new record high, reflecting the attractiveness of the capital market. It stood at 9…
Turkey’s tourism industry, a key pillar of the economy, could struggle to reach visitor and revenue targets in coming years after two new taxes come into force…
The value of the Syrian pound on the black market sank to 1,000 to the dollar at some money changers Tuesday, marking a new record low for the nosediving…
UAE President Sheikh Khalifa bin Zayed Al Nahyan announced that the UAE Supreme Council, the federal government, and local governments are working in close…
Lebanon's energy ministry delayed a fuel tender by one week on Monday to allow for more competition as it seeks to stave off supply shortages during the worst…
Mohammed Akki left his home in Morocco’s Middle Atlas mountains to seek regular work and a better life in the town of Azrou, but he still lives on the margins…
At a time institutional investors are racing to win a stake in the Saudi Aramco IPO, considered the largest offering witnessed by global markets, the Saudi…
OPEC and allied oil producers will consider deepening their existing oil output cuts by about 400,000 barrels per day (bpd) to 1.6 million bpd, Iraq’s oil…
The Turkish Statistical Institute said on Friday that the trade deficit rose to US$1.808 billion in October from US$497 million in the same month last year,…
Egypt's Finance Minister Mohamed Maait confirmed that signing the Yaoundé Declaration on financial transparency is consistent with measures and structural…
The Red Sea Development Company (TRSDC) has announced the launch of the alumni elite program which aims to qualify trainees to occupy future jobs that include…
A French-Lebanese engineer has been chosen as secretary general of the Renault-Nissan-Mitsubishi auto alliance, part of a new business framework announced a…