Iran's main stock index broke through the key 2 million point mark for the first time ever on Sunday, state media reported, amid warnings that the market is overheating.
The United Arab Emirates has begun start-up operations in the initial unit of its first nuclear power plant, the Emirates Nuclear Energy Corporation (ENEC) said Saturday.
Iran, creaking under the impact of US sanctions, a collapse in oil sales and a severe COVID-19 epidemic, is scrambling to buy food and medicine to avoid a supply crunch. But it's a struggle.
First Abu Dhabi Bank, the United Arab Emirates' biggest lender, said Tuesday its net profits for the second quarter and first half of 2020 had plunged due to the impact of coronavirus.
The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC.
Emirates, the largest airline in the Middle East, will cover customers' coronavirus-related medical costs in a bid to "boost travel confidence", the Dubai...
Turkey's central bank said inflation risks overshooting its year-end projection as it held rates steady for a second consecutive month Thursday, signalling an...
Actors at the Sitara theater had just started their production of "Beauty and the Beast" when the coronavirus pandemic hit Egypt and brought their show to a...
The Central Bank Thursday asked Lebanese commercial banks to offer zero percent interest loans in US dollars to individuals, SMEs and corporations to repair...
Lebanon’s insurance companies are waiting for the completion of the investigation into the causes of Beirut Port’s explosion before deciding if the shipping...
World stocks ended four days of gains on Friday after US. President Donald Trump cranked up simmering tensions with China by banning US transactions with two...
European shares fell after opening higher, following a mixed bag of earnings results, while the dollar's rebound stalled as investors waited for progress in...
Qatar Airways said Wednesday it will seek compensation for losses sustained from an "illegal airspace blockade" imposed since 2017 by four Middle East nations.
The coronavirus crisis is expected to expand Morocco's informal economy of people who work for cash, reducing tax revenue and leaving many without social...
The United Arab Emirates wants to see a return of Libya's oil production as soon as possible but with safeguards in place to prevent proceeds from fuelling...
Saudi Arabia's Red Sea Development Company said Monday it had awarded infrastructure contracts for an international airport that is due to open in 2022.
Abu Dhabi Fund for Development has suspended debt service repayments for some countries and companies for the year, the state-financed fund said on Sunday.
The Libyan National Oil Company announced Friday the resumption of oil production and exports after a nearly six-month shutdown due to conflict dividing the...
Emirates laid off more pilots and cabin crew this week in another round of job cuts as the Gulf airline shrinks its workforce due to the coronavirus pandemic,...
Jordan's finance minister said on Wednesday the kingdom's success in tapping $1.
Saudi Arabia nominated a former economy and planning minister to head the World Trade Organization Wednesday, a WTO document showed, amid a last-minute flurry...
The European Union's executive forecasts that the bloc's economy will contract more than previously expected because of the coronavirus pandemic, which has...
Desperate to afford her daughter's overseas university fees, 58-year-old retired Iranian teacher Maryam Hosseini withdrew all her savings from the bank to buy...
Saudis braced Wednesday for a tripling in value added tax, another unpopular austerity measure after the twin shocks of coronavirus and an oil price slump...
Libya's National Oil Corporation (NOC) is hopeful that oil production will resume after international talks to end a blockade by forces based in the east of...
Turkish power-ship operator Karadeniz Holding is preparing a bid to supply up to 1,000 megawatts of electricity to conflict-hit Libya and will submit it soon,...
Careem, a unit of Uber Technologies, expects ride-hailing demand to recover to pre-pandemic levels "sometime" in 2021, encouraged by a better-than-expected...
The International Monetary Fund Friday approved Egypt’s request for a $5.2 billion loan as the country’s economy reels from the financial fallout of the...
Iran plans to export oil from a port on its Gulf of Oman coast by March, the president said Thursday, a shift that would avoid using the Strait of Hormuz...
Saudi Arabia's GDP will shrink by 6.8 percent this year, its worst performance since the 1980s oil glut, as low crude prices and coronavirus batter Middle...
Abu Dhabi National Oil Company will keep a tight lid on its costs amid low oil prices and a gradual recovery in global energy demand, the company's chief...
The giant Dubai-based ports operator DP World is "preparing for the worst" in the months ahead, as coronavirus inflicts the heaviest blow on global trade...
State oil giant Saudi Aramco started laying off hundreds of employees this month, two sources familiar with the matter said, as global energy companies reduce...