Oil prices fell at Monday's open after US President Donald Trump said he was highly unlikely to order new Iran attacks while talks to end the conflict make…
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…
Ex-Nissan chief Carlos Ghosn, who is awaiting trial in Japan, urged on Thursday a Tokyo court to dismiss the case against him, accusing Japanese prosecutors of…
Egypt’s economy is expected to grow 5.5 percent in the fiscal year that began on July 1 and 5.7 percent the following year, a Reuters poll showed, as Cairo…
President Vladimir Putin on Wednesday hosted a major summit aimed at reviving Russia's influence in Africa, telling leaders from the continent he would seek to…
A US district judge on Wednesday ordered Turkey’s majority state-owned Halkbank to appear in court on November 5 and warned that he may sanction the bank if it…
The US-Saudi Arabian Business Council (USSABC) revealed that the mining sector in the Kingdom has become attractive with a stimulating investment environment. …
Government debt issuances by the Saudi Ministry of Finance under the Sukuk Program dropped 17.7 percent in October, compared to the issuance last September…
Saudi Arabia’s energy giant, ACWA power, will set up an LNG-based 3,600 MW plant in Bangladesh after an agreement was signed with Bangladesh Power Development…
Morocco is targeting to lower its fiscal deficit of 3.5 percent of gross domestic product (GDP) in 2020 through a bunch of financial and taxation procedures. …
Lebanon’s banks will remain closed for a fifth working day amid uncertainty over how Prime Minister Saad Hariri plans to extract billions of dollars from the…
GCC's foreign trade in merchandise trade grew by $1.1 trillion in late 2018, compared to $ 86.2 billion in 2017, representing a growth of 11.1 percent,…
UAE’s state fund Mubadala Investment Company plans to invest $250 million through two funds in technology firms in the Middle East and North Africa, it said on…
The third edition of OPAL Oil and Gas Conference and Exhibition kicked off Monday in the Omani capital, Muscat. The exhibition, organized by the Oman…
Saudi Investment Recycling Company (SIRC), a subsidiary of Saudi Public Investment Fund (PIF), announced its complete and final acquisition of Global…
Global renewable energy capacity is set to rise by 50 percent in five years’ time, driven by solar photovoltaic (PV) installations on homes, buildings and…
“Shell Egypt” plans to sell its onshore upstream assets in the Western Desert to focus on expanding its offshore gas explorations. Shell issued a statement…
Egypt exported 172.8 billion cubic feet of liquefied natural gas (LNG) in 45 shipments from its Idku plant in the 2018-2019 financial year, state-owned company…
The Saudi capital Riyadh will host in February the first-of-its-kind Global Cybersecurity Forum (GCF). The event will be organized by the National…
Saudi Arabia and Kuwait are close to reaching an agreement on the divided zone including two oil fields, Khafji and Wafra, that produce about half a million…
Algeria’s state grains agency OAIC has issued an international tender to buy milling wheat to be sourced from optional origins, European traders said on Monday…
Saudi Aramco said Sunday the timing of its long-awaited stock market debut "will depend on market conditions.” "The company continues to engage with the…
Saudi Aramco announced that the updated gasoline prices in Saudi Arabia starting from October 20, 2019 will be as follows: Gasoline 91 will be sold at 1.50…
The Saudi General Authority for Civil Aviation (GACA) announced the release of the Executive Rules for organizing the Integrated Logistics Special Zone at King…
Bahrain is making good progress on its fiscal consolidation plan and is on track to eliminate its deficit by 2022 as planned, Finance Minister Sheikh Salman…
Asian nations face heightening risks to their economic outlooks as the US-China trade war and slumping Chinese demand hurt the world's fastest-growing region,…