Saudi Gold Refinery Company (SGR) announced Sunday it has secured 10 licenses to explore gold in the Republic of Tanzania, covering a total area of nearly 1…
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,…
Crown Prince Mohammed bin Salman bin Abdulaziz, Deputy Prime Minister and Minister of Defense, made a telephone call on Thursday to Iraqi Prime Minister Adel…
Egypt’s net foreign reserves rose to $44.969 billion last August from $44.916 billion last July, said the central bank of Egypt on Wednesday. Egypt faces a…
The Central Bank of Tunisia (BCT) expects the inflation to drop to 6.9 percent by the end of this year, compared to at least 7.8 percent in 2018. BCT…
Turkey may lose trade with Britain worth up to $3 billion in the event of a no-deal Brexit, Trade Minister Ruhsar Pekcan said on Wednesday, adding that many…
An international ratings agency warned Wednesday there is a risk that customer deposit flows, particularly by nonresidents, could continue to decline in…
Egypt has shown determination to strengthen its influence and presence in Africa after the government discussed Tuesday a national plan on medicine exports,…
Sudan’s joblessness rate has risen from three million to eight million in the past seven years, according to a private sector draft initiative for economic…
Lebanese Prime Minister Saad Hariri said his government would aim to cut the budget deficit to 7 percent of GDP next year as part of reforms seeking to rein in…
Saudi Aramco aims to select underwriters for its initial public offering as soon as this week, as the energy giant accelerates preparations for the world’s…
The value of the Syrian pound against the dollar has fallen sharply to its lowest rate in history, an economic publication said Tuesday. On the black market…
The Arab Petroleum Investments Corporation (APICORP) has announced a net profit of $70.4 million during the first half of 2019. The gross operating income…
A report on the Ministry of Finance and National Economy’s performance for Q2 2019 revealed a budget deficit of 16 billion Sudanese pounds ($355 million), with…
Turkey's annual inflation rate fell slightly more than expected to 15.01% in August, data showed on Tuesday, resuming its downward trend and likely paving the…
The total value of Saudi stock traded in the market during August jumped by 20.8 percent compared to the previous month, at a time when the total purchases by…
Saudi Real Estate Development Fund announced that more than $206 million were deposited during August in the accounts of beneficiaries of Sakani program…
Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum ordered the creation of a committee to study the needs of the real estate market, evaluate all future…
Yasir al-Rumayyan, governor of the Saudi Public Investment Fund, has been appointed as chairman of state-owned oil giant Aramco. The announcement was made…
A cut in interest rates will improve the investment climate, create job opportunities, increase the private sector’s activities and help the state budget save…
Iraq’s crude oil exports have risen to 3.603 million barrels per day (bpd) in August, from 3.566 million bpd in July, the country’s Oil Ministry said in a…
The Saudi Arabian Monetary Authority’s monthly bulletin has shown that the funding of micro, small and medium-sized enterprises (SMEs) by the banking sector…
Abu Dhabi plans to issue US dollar-denominated bonds this year, three sources familiar with the matter said, its first since 2017, as the emirate seeks to take…
Egyptian President Abdul Fattah al-Sisi is seeking to shape his country’s future through 14 new fourth generation cities that have been designed according to…
The Palestinian Authority (PA) asked the government of Spain to prevent a Spanish company from participating in constructing infrastructure on occupied…
Egypt’s Ministry of Planning said the total investments targeted for the electricity sector during the fiscal year 19-2020 was estimated at 111.9 billion…