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,…
Employees in Damascus are raising their demands for higher salaries, as the largest segment of the population has fallen below the poverty line because of the…
Turkey's economic confidence index reached 80.7 in July dropping 3.3 percent from June, the Turkish Statistical Institute said Tuesday. The institute…
Iranian oil exports have dropped in July to as low as 100,000 barrels per day (bpd) due to sanctions and rising tension with the United States and Britain,…
Saudi Ports Authority (Mawani) has issued a unified license valid to operate in all Saudi ports for Maersk (Saudi Arabia), local subsidiary of Maersk…
Head of Iran’s Securities and Exchange Organization (SEO) Shapour Mohammadi announced the conclusion of a memorandum of cooperation (MoC) with Iraq. One of…
The Saudi Arabian Mining Company (Maaden) manages the entire mining sector in the country from gold to phosphate and is one of the world’s largest companies in…
King Mohammed VI of Morocco on Monday announced the launch later this year of a committee charged with elaborating a new development model to tackle social…
Qatar is facing an anticipated recession that would possibly beat the national economy during the coming period. The government's efforts to address the…
Saudi Basic Industries Corporation has no interest in taking over Swiss chemicals firm Clariant AG after halting talks last week on their high-performance…
Egypt will form a committee to amend its value-added tax law, Finance Minister Mohamed Maait told reporters on Monday, without specifying what the changes may…
Majority of family businesses in the Middle East are targeting growth over the next two years, however, they should consider a new concept amid growing…
The Saudi market has witnessed a wide expansion in points of sale devices that operate via the technique of Near-field communication, NFC, exceeding 360,000…
President Recep Tayyip Erdogan has claimed that the plunging value of the lira amounted to a "foreign plot" against Turkey. He told a gathering of his…
Oman raised $3 billion with its first foray in the international debt markets this year after receiving strong demand from global investors hunting for high…
The Kuwait Petroleum Spain, a subsidiary of the state-owned Kuwait Petroleum International (KPI), also known by its trademark Q8, has purchased 67 fueling…
The Moroccan economy is expected to grow to 3.4 percent in 2020, after it dropped to 2.7 percent in 2019 due to the drought's impact on crops, according to the…
New indicators have shown the ability of Saudi Arabia’s non-oil sectors to witness growth. The latest indicator was issued by the General Authority for…
Clariant said on Thursday that joint venture talks with top shareholder Saudi Basic Industries (SABIC) had been shelved, a further setback for the Swiss…
Abu Dhabi expects to collect 400 million dirhams ($109 million) a year from a road toll to be introduced on Oct. 15, Ibrahim Sarhan al-Hamoudi, acting…
The second phase strategy of NEOM will be complete by the end of 2019, with the project targeting 1 million people and 5 million visitors by 2030, announced…
Oil prices rose on Thursday amid “Gulf tensions” and a big fall in US crude stocks, but gains were capped as weak Western manufacturing data indicated slowing…
The Abu Dhabi National Oil Company, ADNOC, has signed a Comprehensive Strategic Framework, CSF, with Indonesia’s energy company, PT Pertamina, Persero, to…
CEO of Qiddiya Investment Company (QIC) stressed that the entertainment megaproject will start receiving its first visitors in 2023. He gave details on the…
The International Monetary Fund said on Wednesday its board completed the fifth and final review of Egypt's $12 billion loan program, allowing authorities in…