The Paris Club of official creditors has agreed to cancel $14 billion owed by Sudan and restructure the rest of the more than $23 billion it owes, Paris Club chairman Emmanuel Moulin said on Friday.
Egypt's Suez Canal revenue rose to a record $5.84 billion in its 2020-21 financial year (July-June), up from $5.72 bln in the previous year, the Suez Canal Authority said on Sunday.
Rare public disagreement between the United Arab Emirates and Saudi Arabia over OPEC policy points to a growing economic rivalry between the two largest Arab economies which only looks set to intensify, several regional analysts said.
The Lebanese pound was trading at 17,650 to the dollar on the black market Monday, falling for the third consecutive day.
OPEC+ ministers resume talks on Monday after failing to reach a deal on oil output policy in two days of talks last week amid a rare public standoff between...
The UAE on Sunday criticised the current oil production deal among OPEC+ alliance members as "unfair", offering to extend the agreement only if its production...
More than 500,000 firms in the United Arab Emirates (UAE) must disclose their ultimate owners from Wednesday or face penalties, as the Middle East financial...
The IMF executive board on Wednesday said it had approved Egypt's request for a $1.7 billion loan, its final disbursement under a plan aiding its recovery...
Lebanese pound fell slightly on the black market Thursday, trading at 21,250 against the dollar after a sharp drop earlier in the week.
The battered Lebanese pound tumbled on the black market Tuesday, trading at over 21,000 against the dollar, a day after Prime Minister Najib Mikati indicated...
Electric vehicles more than doubled their share of new car sales in Europe in the second quarter, with hybrids also making gains, the European Automobile...
Unilever's chief executive on Thursday said the company was "fully committed" to Israel, days after coming under Israeli pressure over a decision by its...
The owners and insurers of a giant cargo ship that blocked the Suez Canal in March have reached agreement in principle in a compensation dispute with the...
Dubai’s state-owned sovereign wealth fund announced Tuesday a net loss of $5.1 billion over the past year, highlighting the toll that the coronavirus pandemic...
Gaza's Pepsi bottling company was forced to halt operations this week due to Israeli import restrictions that were tightened during an 11-day conflict between...
The "year of wheat" campaign pushed by Syrian President Bashar al-Assad is in jeopardy after low rainfall risked leaving an import gap of at least 1.5 million...