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 government sacked its governor.
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 Monetary Fund said Sunday.
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,...
The Lebanese pound fell on the black market Friday, trading at LL12,450 against the dollar.
All or most Lebanese will probably follow the news of forensic auditing of the Central Bank’s accounts to determine if the governor of BDL truly violated the...
Coinbase Global Inc shares jumped 11% in early trading on Thursday, a day after the cryptocurrency exchange went public in a high-profile debut on the Nasdaq...
Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a milestone in the journey of virtual currencies...
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...
The federal cabinet of the United Arab Emirates approved a new system allowing professionals to reside in the Gulf state while working remotely for employers...
Saudi Arabia’s state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus...
A minimum wage of $275 a month came into force for all workers in Qatar Saturday, official media reported, as the Gulf state overhauls its labour laws amid...
Turkey’s president has fired the central bank governor, who in his four months in office had won the praise of investors for hiking interest rates and...
Damascus has raised petrol prices in government-held parts of Syria by more than 50 per cent after the Syrian pound hit record lows in the black market.
Qatar has resumed exports of condensate to the United Arab Emirates after a three-year blockade was lifted, with a tanker offloading at the port of Dubai's...
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, said on Wednesday it has signed a $15 billion multi-currency revolving credit facility with...
Sudan’s prime minister and Saudi Arabia’s powerful crown prince met Wednesday to discuss Saudi investment opportunities in the Red Sea, the Sudanese...
The UAE has entered the world's top ten tax havens for the first time, research showed Tuesday, in a report flagging OECD nations and their dependencies for...
The nuclear regulator in United Arab Emirates has issued an operating licence for the second unit of the Barakah nuclear power plant, an official from the...
Pope Francis' historic trip to war-scarred Iraq went off without a hitch -- an image boost Baghdad hopes will help revive international engagement, foreign...
Tunisia's state-owned firms are in dire straits, facing a perfect storm of debt, mismanagement, the coronavirus pandemic and a decade of political instability...
Abu Dhabi’s national carrier Etihad on Thursday reported core operating losses of $1.7 billion in 2020, reflecting the severe toll of the coronavirus pandemic...
It seems an unlikely vision, a megacity in the desert with no cars or roads, all run by machines that can recognize your face.