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…
OPEC oil output has fallen in November as Angolan production has slipped due to maintenance and Saudi Arabia has kept a lid on supply to support the market…
Jordan has begun negotiating a new three-year financing program with the International Monetary Fund (IMF) to spur growth stalling at around 2 percent in the…
Saudi Aramco’s initial public offering (IPO) was covered by 173 percent in its first 12 days, before the Dec. 4 deadline for institutional investors to submit…
Lebanon’s central bank governor will take “necessary, temporary measures” to preserve the banking sector and depositor rights, the banking association head…
The Moroccan government has amended a law to combat money laundering in implementation of the Financial Action Task Force recommendation. Moroccan Prime…
A total of 400,000 investors have subscribed to Aramco’s IPO mid- Thursday. The individuals’ purchased shares reached 119 percent of the allocated share of 0.5…
Tunisia's Minister of Tourism and Handicrafts Rene Trabelsi revealed that 8.3 million tourists have visited the country since the beginning of the year until…
Dubai-based flydubai signed an agreement with Smartwings to wet lease four Next-Generation Boeing 737-800 aircraft between 14th December 2019 and 25th January…
Algeria’s upper house of parliament passed the country’s new energy law on Thursday aimed at reviving the key oil and gas sector by making it more attractive…
Weeks into a protest movement partly driven by a collapsing economy, Lebanese interior architect Laeticia Nicolas was called in by her boss and told she was…
The 2020 general budget will not include any new taxes, affirmed Jordanian Prime Minister Omar Razzaz before referring it to the National Assembly. In a…
Egypt's parliament approved the appointment of central bank governor Tarek Amer to a second four-year term on Thursday, state media reported. The parliament…
Saudi bank deposits rose to $453 billion during Q3 of 2019, compared to the same period of 2018, according to recent data released by the Saudi Arabian…
Saudi Arabia’s General Authority of Civil Aviation (GACA) revealed that the Kingdom’s aviation sector is undergoing core changes, especially as it expands its…
The retail portion of Saudi Aramco’s initial public offering (IPO) has been fully covered a day before the closure of the retail offering on Nov. 28. …
Russia is likely to call on fellow oil producers to change the way Moscow’s output is measured when most of the world’s biggest oil-producing nations meet next…
Oil trader IMMS has taken Lebanese bank BankMed to court in the US state of New York accusing it this month of failing to return $1 billion of its deposits…
The Saudi Arabian Monetary Authority (SAMA) revealed that electronic payments for the retail sector amounted to more than 36 percent of all payments available,…
Retail subscription for Saudi Aramco’s initial public offering (IPO) reached $7.21 billion on Tuesday, as the retail element of the sale attracted 3.1 million…
Bahrain's Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa, inaugurated Tatweer Petroleum’s 3 Megawatt Solar Power Plant on Tuesday. “The Kingdom of…
The International Monetary Fund (IMF) said that discussions with Jordan were underway on the possibility of adopting a new three-year economic program, adding…
A number of senior officials and economic decision makers will discuss in a session the "G20 summit" at the Saudi Media Forum. The session will focus on a…
The Arab Federation of Exchanges (AFE) and the African Securities Exchanges Association (ASEA) signed a Memorandum of Understanding (MoU) aimed at enhancing…
Egyptian Natural Gas Holding Company (EGAS) plans to launch a global bid for gas explorations in the western Mediterranean region during H1 of 2020, an…