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…
The decision to operate public transport networks by buses as a first stage in some cities and provinces of Saudi Arabia has opened up a wider horizon for…
Egypt’s real interest rates are again with few equals among emerging economies after inflation plummeted to the lowest in almost seven years, offering a fresh…
Global oil markets have quickly recovered from attacks on Saudi oil facilities last month and even face oversupply next year as global demand slows, the…
Saud Al Mazrouei, Director of Hamriyah Free Zone Authority (HFZA) and the Sharjah Airport International Free Zone (SAIF Zone), confirmed that free trade zones…
DP World's business in Peru, which began with container handling at the Port of Callao, has expanded into a fully integrated maritime and logistics operation,…
The European Union has announced the removal of the United Arab Emirates from the bloc's lists of countries deemed to be acting as tax havens. The decision…
In a rare intervention, Deutsche Bank’s regulators are blocking a banker backed by its largest shareholder, Qatar, from a seat on the supervisory board because…
The World Bank has said that the economic outlook for the Middle East and North Africa region is subject to substantial downside risks, revising down the…
A deeper cut in oil supplies is among options for OPEC and its allies to consider in December, its secretary general, Mohammad Barkindo, has said as the…
Hit by wide-ranging US sanctions, Iran's economy is expected to contract by 8.7% in the financial year 2019/20 mainly due to constraints on its oil and gas…
One casualty of Turkey’s military incursion into Syria may be its own recovery from recession after US congressional leaders threatened sanctions that could…
Saudi Arabia improved three positions, reaching 36th, on the global competitiveness index (GCI), as the Kingdom makes strides to diversify its economy. …
Around 3 million new jobs could be created in the future, the Saudi Ministry of Labor and Social Development has estimated. Minister of Labor and Social…
The Saudi Center for Commercial Arbitration (SCCA) has started a new chapter of relationship and cooperation with the International Center for Dispute…
Egypt's annual urban consumer price inflation decreased to 4.8% in September from 7.5% in August, the official statistics office CAMPAS said on Thursday. …
Three former Barclays (BARC.L) executives lied to the market by hiding 322 million pounds ($395 million) in extra fees that the bank paid Qatar in return for…
Saudi Aramco’s chief executive said on Wednesday there would be no impact on the stock market listing plans of the state oil giant after attacks on its…
Turkey’s lira slid 0.5% on Wednesday, breaking through what traders called a key support level of 5.85 against the dollar, after Turkey launched a military…
Living conditions in Sudan continue to deteriorate amid high inflation, fuel and bread scarcity and a severe public transport crisis, despite the toppling of…
The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, announced the opening of its first foreign office in Saudi Arabia ahead of President…
Russia’s Rosatom assured Egypt that el- Dabaa Nuclear Power Plant (NPP), the country’s first nuclear site, will be the “safest in the world.” The project’s…
Morocco's economic growth is expected to rise slightly in Q4 of 2019 to 2.6 percent, after falling to 2.4 percent in Q3 due to the contraction of global trade…
The first phase of the new Deepwater Port of Posorja in Ecuador, worth $538 million, is now complete and successfully operational by Dubai Ports (DP) World, it…
Turkey’s lira recovered on Tuesday after reaching its weakest level in more than a month, but investors were still worried about the fallout from Ankara’s…