Gold rose more than 1% on Monday as softer oil prices eased inflation concerns, while investors awaited key US inflation data and fresh signals from the…
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 International Monetary Fund (IMF) reiterated on Tuesday its call on Morocco to move towards a greater exchange rate flexibility with a view to…
Governor of Makkah Region and Adviser to the Custodian of the Two Holy Mosques Prince Khalid al-Faisal inaugurated several water projects in Makkah and the…
Efforts to clean up Turkey’s bad debt have stalled after bankers rejected or put on hold initial plans, according to people familiar with the matter,…
The Red Sea Development Company has signed a contract with Arcirudon International to build the 28,000 sq km marine infrastructure for the conglomerate. The…
Egypt's economy grew 5.6% in the 2018/19 fiscal year and is "on the right track" as it completes IMF-backed reforms, Prime Minister Mustafa Madbouli said on…
The Saudi Export Development Authority has announced an increase in non-oil exports by stimulating exporters and facilitating the access of Saudi products to…
The Saudi cabinet’s decision Tuesday to give businesses in the Kingdom the option to remain open around the clock will provide some 65,000 direct and indirect…
The World Bank said Tuesday that the Egyptian government has been executing a crucial economic reform program since 2016 to accomplish economic stability and…
Lebanese President Michel Aoun promised on Tuesday that the budget of the year 2020 will be issued within the constitutional timeline, and will be balanced…
Egypt’s Ministry of Investment and International Cooperation (MIIC) launched the second edition of the country’s cross-sector investment map on Monday. …
The MENA region will need to invest close to $209 billion over the next five years, of which 32 percent will be in transmission and distribution, announced…
The Saudi Arabian Military Industries (SAMI) has announced acquiring majority stake ownership of the Aircraft Accessories and Components Company (AACC), which…
The Moroccan household confidence index fell to 74.9 points in the second quarter of this year, from 79.1 points in the previous quarter and 87.3 points…
Sudan decided to acquire shares of the country’s foreign partners in the oil sector and manage and invest in oil through its national companies and cadres. …
Morocco's car exports fell 6.2 percent in the first five months of 2019 in response to a downturn in the global automotive industry. This is the first time…
Saudi Aramco announced new domestic gasoline prices on Sunday, with 91 grade reaching 1.53 riyals per liter and 95 grade set at 2.18 riyals. The oil giant…
Credit rating agency Fitch downgraded Turkey’s sovereign debt by one notch on Friday in a move that comes following Moody's lowering of its credit rating for…
The Egyptian government announced Saturday that it had received hundreds of complaints on the “exploitation” of repercussions of its decision to raise fuel…
Morocco’s budget deficit rose to MAD21.8 billion (USD2.3 billion) in the first six months of 2019, increasing from 6.7 percent compared to last year, due to…
Suma Chakrabarti, President of the European Bank for Reconstruction and Development (EBRD), said that Egypt is achieving great success in infrastructure…
King Salman Energy Park (SPARK) and Dubai-based Oilfields Supply Center Ltd. (OSC) signed an agreement to establish OSC as an anchor tenant at SPARK. In…
Abu Dhabi National Oil Company (ADNOC) is exploring opportunities to expand its strategic partnership and investment base across its entire value chain with…
UAE's Ministry of Finance revealed on Thursday that over 1,500 federal government services fees will either be reduced or cancelled, with certain fees being…
Egypt's arrears to foreign oil companies declined to $900 million at the end of June from $1.2 billion a year ago, the petroleum minister said on Thursday,…