Gulf Cooperation Council (GCC) countries signed an agreement in Manama on Sunday to advance a 2,117-kilometer railway linking all six member states by 2030, as…
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…
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…
The Red Sea Development Company (TRSDC) awarded UAE-based ARCCO-Speedhouse and Saudi al-Majal al-Arabi Group contracts for the construction of a residential…
Saudi Arabia's largest mining company, Maaden, seeks to complete the first global acquisition of Africa’s Meridian Fertilizer Group. The process is expected to…
Saudi Arabia’s Economic City Authority (ECA) and Virgin Hyperloop One announced a development partnership to conduct a study to build the world’s longest test…
Director of Investment and Enterprise at the United Nations Conference on Trade and Development (UNCTAD) James Zhan stressed that Egypt has been providing a…
The Saudi non-oil gross domestic product (GDP) is expected to grow around 2.6 percent in 2019, compared to 2.2 percent last year, according to Samba Financial…
The Abu Dhabi National Oil Company, ADNOC, signed on Tuesday, a Partnership Framework Agreement with Wanhua Chemical Group Co., Ltd.,Wanhua Chemical, to…
The consortium consisting of EDF Renewables and Abu Dhabi Future Energy Company, Masdar, has completed the financing of the Dumat al-Jandal utility-scale wind…
Heavily indebted Lebanon has passed a budget seen as a “first step” towards fixing its public finances but still has much to do to steer the country away from…
Egyptian officials held a meeting with European Union Ambassador to Egypt Ivan Surkos to discuss future projects between Egypt and the European Union for 2020…
The Saudi Public Transport Authority launched the Bayan e-portal that enables carriers and loading brokers from issuing a document to transfer goods. The…
Abdulhadi al-Mansouri, head of the General Authority of Civil Aviation, signed in Jeddah on Monday an air transport services deal with Senegal. Senegal was…
Moroccan regions will benefit from financial transfers of $1 billion by the year 2021 which will to improve the regional infrastructure and achieve equitable…
Deposits in Lebanese banks are expected to recover from a dip in the first five months of 2019 as customer optimism returns after approval of the state budget,…
The Saudi Real Estate Refinance Company (SRC), a subsidiary of the Saudi Public Investment fund (PIF), signed Sunday a partnership agreement with Deutsche Gulf…
Saudi Credit Bureau (SIMAH) launched “Amwalak” initiative, describing it as one of the cultural financial programs for 2019. The initiative deals with…
Saudi cement companies witnessed a remarkable improvement in sales, which proves the vitality of the Kingdom’s economy and the effectiveness of the…
Middle East and North Africa (MENA) startups data platform MAGNiTT has released its H1 2019 MENA Venture Investment Report. The report provides an in-depth…
Libya’s El Sharara oilfield has been shut down since Friday due to a suspected valve closure and an investigation has been launched, the National Oil…
Saudi Arabia is looking to raise quality standards through the Saudi Accreditation Center (SAC), which revealed its objectives, including consumer protection,…
The Saudi Payments Network (MADA) has registered in the first half of this year record numbers, with a rise of 47 percent compared to the first half of last…
The International Monetary Fund (IMF) has lauded the Saudi government for the progress achieved in the agenda of economic and social reforms. This came in a…
Turkish defense companies helping to build F-35 stealth fighter jets are set to lose work worth billions of dollars after Washington said it was removing…
The International Monetary Fund (IMF) reiterated on Tuesday its call on Morocco to move towards a greater exchange rate flexibility with a view to…