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,…
The trade war between Washington and Beijing took an unexpected turn this week as China let its currency drop sharply and the United States responded by…
Saudi Energy Minister Khalid al-Falih and US Energy Secretary Rick Perry discussed on Tuesday the condition of the oil market and the Kingdom’s keenness to…
The Abu Dhabi National Oil Company (ADNOC) has announced a strategic investment in global storage terminal owner and operator VTTI BV (VTTI). As part of…
According to the Ernst & Young MENA IPO Eye Report, MENA IPO deal value increased by 222.6 percent to USD2.82 billion in Q2 2019, up from USD874.9 million in…
At a time when complaints persist regarding poor internet services in Sudan, telecommunication companies raised prices of monthly internet bundles by 15…
Turkey saw a 16.65 percent annual hike in consumer prices last month compared to 15.72 percent in June, the Turkish Statistical Institute (TurkStat) reported…
Emaar Properties PJSC reported one of the highest half-year sales in Dubai at 9.443 billion dirhams ($ 2.571 billion) during the first six months of 2019. This…
The value of public and private assets of investment funds in Saudi Arabia registered a new leap during Q2 2019, amounting to SAR323 billion ($86.1 billion),…
Bahrain’s actual deficit recorded during the first half of this year amounted to $1.07 billion compared to a $1.7 billion half-year deficit recorded during…
The Saudi General Organization for Social Insurance announced Monday an amendment to article 38 of the social insurance system that sets 60 as the retirement…
Egypt's finance minister said his country had received the final,$2 billion portion of a bailout package from the International Monetary Fund (IMF). …
The Foundation for Political, Economic and Social Research (SETA) has issued a report revealing an unprecedented increase in the unemployment rate in Turkey…
Tunisia is expected to witness a promising olive harvest season this year with olive oil production reaching 350,000 tons, the Ministry of Agriculture has…
SHUAA Capital has announced the completion of the merger with Abu Dhabi Financial Group and the raising of its Authorized Capital from AED1.065 billion (289…
In a report published on Saturday assessing the economic situation in Turkey, credit rating agency Standard & Poor's expected a real GDP contraction in the…
After Facebook was hit on Friday with a fine of around $5 billion for privacy violations, critics immediately said it escaped largely unscathed: The…
Moroccan overseas investments rose 68.1 percent during H1 of 2019 to reach MAD4.2 billion (USD444 million) end of June, according to the latest statistics from…
Tunisian Tourism Minister Roni Trabelsi expected the revenues of the tourism sector to exceed TND4 billion (USD1.3 billion) at the end of the year. The…
The Turkish government has introduced its latest round of increase in the price of natural gas, a 14.97 percent rise for residences and 13.73 percent for…
The Foreign Investment Promotion Agency «FIPA-Tunisia» said that a minimum of TND1.3 billion (around USD400 million) of directed foreign investments have…
The government in sanctions-hit Iran on Wednesday approved a plan to remove zeros from the rial and rename the currency. "The cabinet today agreed on a bill…
Dubai Ports World (DP World) has confirmed that the move by the government of Djibouti to take action later this week by prompting the country's Supreme Court…
Saudi Arabia’s oil production fell to 9.6 million barrels per day in July and will stay below 10 million bpd in the coming months, a Saudi oil source told…
Financial and structural reforms carried out recently by Saudi Arabia have proven their usefulness and effectiveness. Figures reveal positive growth in…