Saudi Arabia's plans to balance its finances are making good progress but a slower pace of adjustment could be considered this year to support the recovery from the coronavirus crisis, the International Monetary Fund said on Monday.
Saudi Arabia's King Salman appointed a new economy minister and named his eldest living son as a special advisor in a series of royal decrees issued early Monday.
Saudi Arabia's crown prince said in televised remarks on Tuesday that the kingdom was in discussions to sell 1% of state oil firm Saudi Aramco to a leading global energy company.
Saudi Arabia's flagship tourism project developer, The Red Sea Development Company (TRSDC), has raised a 14.12 billion-riyal ($3.77 billion) 'green' loan from four Saudi banks for 16 new hotels, Chief Executive John Pagano told Reuters on Tuesday.
Egypt is aiming for tourism revenues of $6 billion-$7 billion in 2021, the deputy tourism minister told Reuters.
he economies of the six-member Gulf Cooperation Council are expected to return to growth this year, a quarterly Reuters survey showed on Thursday, but half...
Syria's currency rose on Sunday in the first day of trading after the central bank raised the official price to attract foreign transfers and capital inflows...
The Middle East's largest operator of malls expects revenue and earnings to climb back to pre-pandemic levels by the end of next year and is moving full steam...
The Central Bank said Sunday that deposits in all currencies dating back before Oct. 17, 2019, and as they became on March 31, 2021, can be withdrawn in all...
The Lebanese pound rose against the dollar Monday, trading at LL12,350 on the black market, after BDL said it was looking into a way through which depositors...
Oil prices climbed Monday after a vital US pipeline was put out of action by a cyber attack.
The Bank of England has kept interest rates on hold as it forecast the fastest annual pace of growth for the British economy since early on in World War II,...
Syria's central bank devalued the pound on Thursday, bringing the currency's official exchange rate closer to the black market rate, two days after the...
President Bashar al-Assad has dismissed Syria's Central Bank Governor Hazem Karfoul, the state news agency reported on Tuesday.
Lebanon, in the midst of its worst financial crisis ever, is the only economy in the Middle East at risk of further contraction this year, the International...
In order to wean Saudi Arabia off its dependency on crude the kingdom needs higher oil prices.
Malls, supermarkets, restaurants and cafes in Saudi Arabia must increase their percentage of local hires, the kingdom's ministry of human resources and social...
The Suez Canal chief said Tuesday that authorities are negotiating a financial settlement with the owners of a massive vessel that blocked the crucial...
The African Development Bank announced a loan of 145 million euros ($170 million) Tuesday to improve safety on Egypt's rail network, after a March train...
The United States and the United Arab Emirates will work together on coordinating finance to decarbonise the economy, focusing on areas including hydrogen,...
Some Turkish exporters are re-routing food, clothing and other goods to circumvent a months-long unofficial blockade by Saudi Arabia that has reduced trade...
The International Monetary Fund said on Wednesday it had released $174.2 million to South Sudan under its Rapid Credit Facility to address urgent balance of...
The United States confirmed Friday it has assisted Sudan with more than $1 billion to help clear arrears at the World Bank as it hailed reforms by the...
A maritime traffic jam grew to more than 200 vessels Friday outside the Suez Canal and some vessels began changing course as dredgers worked frantically to...
The cargo ship blocking the Suez Canal is holding up traffic that carries nearly $10 billion worth of goods every day, so a quick clearing of the logjam is...
The United Arab Emirates, one of the world's largest gold hubs, is strengthening its defences against financial crime, including new restrictions on the...
Saudi Arabia’s state-backed oil giant Aramco paid the Saudi government 30% less in taxes in 2020, the company reported Monday, as the region’s largest economy...