China on Monday announced a two-month extension of export-control waivers due to expire this month, preserving part of a wide-ranging deal struck after a…
On the eve of the opening of the 31st United Nations Climate Change Conference (COP31) on Monday in the Turkish city of Antalya, attention is focused on the…
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…
Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces Sheikh Mohamed bin Zayed Al Nahyan and Chancellor of Austria Sebastian Kurz…
The international credit rating agency Fitch Ratings predicted a continued economic contraction in Turkey for 2019 citing the government’s inability to carry…
The Tunisian Ministry of Tourism expects the number of holidaymakers to exceed nine million in 2019. The industry has witnessed a 42 percent increase in the…
Turkey’s lira plunged more than 4 percent against the US dollar on Friday, its biggest one-day fall since a currency crisis took hold in August, raising…
Fitch Ratings has upgraded Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B+' from 'B'. The Egyptian pound has not displayed much…
Saudi Telecom Company (STC) announced its intention to establish an international sukuk program that would include issues of up to five billion American…
The 5th Al Ahsa Investment Forum 2019 recommended establishing a new airport in al-Ahsa that contributes to fostering economic development and meets current…
Sukhoi Civil Aircraft (SCAC) intends to set up a technical support center for its Super Jet SSJ100 in Saudi Arabia, revealed the company’s president Alexander…
The Sudanese government will make 2.13 billion euros ($2.44 billion) over a 20 year period from a deal with Philippine port operator International Container…
The financial indicators of Saudi Arabia's telecom sector have witnessed an increase in the companies’ profitability by SR11 billion ($2.9 billion) in 2018, up…
The Saudi Fund for Development (SFD) has signed a financing agreement worth USD300 million (SAR1.11 billion) with the National Oil and Gas Authority (NOGA). …
Saudi Basic Industries Corp (SABIC) signed contracts with nine construction companies in Saudi Arabia as part of its transformation process at the procurement…
OPEC and its non-OPEC allies could sign in June a pact to make their oil market-managing policies formal, UAE’s Energy Minister Suhail al-Mazrouei said…
A delegation of 20 UK renewable energy companies are seeking means to transfer expertise and production technologies to contribute to producing 59 gigawatts of…
Saudi Aramco plans to start a new phase of the Jafura gas plant construction next year which will increase the company’s production to 3 billion standard cubic…
An International Monetary Fund mission will visit Tunisia on March 27 for two weeks to discuss the fifth review of a loan program with the country, Tunisia's…
Egypt is targeting a budget deficit of 7.2 percent and GDP growth of 6.1 percent in the 2019-2020 financial year, Finance Minister Mohamed Maait said on…
Jordan’s public debt rose 0.7 percent on a monthly basis in January reaching about $40.228 billion accounting for 94 percent of the gross domestic product (GDP…
Egyptian state-owned carmaker El Nasr Automotive Manufacturing and Japan’s Nissan have reached an initial agreement to produce 100,000 cars a year in Egypt,…
Saudi Arabia’s ACWA Power announced the completion of the acquisition of certain shares and debt instruments of Japan’s Marubeni Corporation in Rabigh Arabian…
Saudi Stock Exchange Tadawul commenced Monday its inclusion into the FTSE Russell and S&P Dow Jones Indices, both leading providers of global equity indexes. …
Oil producer group OPEC on Monday scrapped its planned meeting in April and will decide instead whether to extend output cuts in June, once the market has…
The Saudi-British Forum on renewable energy technology and water desalination will be hold Wednesday in Riyadh to discuss possible means of diversification and…
Saudi Arabia has stepped up its efforts to rationalize local water consumption, sustain and maintain water security, and provide high quality water supplies to…