The United Arab Emirates said Tuesday it will grant 6,800 foreign investors permanent residency under a new "Golden Card" system after they invested a combined 100 billion dirhams ($27 billion) in the Gulf state.
Libya's state oil firm NOC is concerned about the country's lawlessness affecting the oil industry, it said Tuesday.
More than 20 Gulf financial institutions with total assets exceeding $1 trillion are in merger talks, part of an unprecedented wave of consolidation in the region’s financial industry. Here’s an overview:
Saudi Arabia announced Sunday it had deposited $250 million in Sudan’s central bank as part of a support package for the country following the overthrow of longtime leader Omar al-Bashir. “The Finance Ministry has deposited 937.5 million Saudi riyals into the central bank of Sudan,” it said in a statement.
Turkey’s Trade Ministry will implement a reciprocal reduction in tariffs on U.S. imports this week, after the United States halved tariffs on Turkish steel...
Saudi Arabia’s Public Investment Fund has attracted only tepid interest in plans for its latest multibillion-dollar debt sale, banking sources say, suggesting...
Egypt’s new banking law may raise the minimum capital requirements for lenders tenfold, state media reported Tuesday, in a move that could pave the way for...
The United Arab Emirates said on Tuesday it will grant 6,800 foreign investors permanent residency under a new “Golden Card” system after they invested a...
Fuel and gasoline deliveries to gas stations across Lebanon resumed Tuesday morning after Customs partially suspended a strike against the government’s...
The government has no choice but to implement painful fiscal reforms that involve cutting the salaries and benefits of civil servants and government retirees...
Nike Inc., Adidas AG and other footwear companies urged U.S. President Donald Trump to reconsider his tariffs on shoes made in China, saying the policy would...
The OECD Tuesday cut its forecast for the world economy, urging governments to resolve their trade disputes as the latest flare-up in the U.S.-China trade war...
Not since 2005 have the world’s insurers considered shipping in the Gulf so dangerous for oil tankers.
Saudi Arabia has imposed a special tax on electronic cigarettes and sugary drinks, extending similar taxes introduced in 2017 as it seeks to reduce a budget...
Saudi Arabia's Energy Minister Khalid al-Falih said Saturday that he saw no oil supply shortage as global oil inventories are still rising, particularly from...
The International Monetary Fund reached an agreement with Egypt in its final review of the country’s economic reform program, unlocking $2 billion in aid.
Turkey’s ruling party held back from proposing a law allowing the treasury access to the central bank’s reserves, amid speculation the country would need to...
When OPEC and its allies gather in the Saudi city of Jeddah this weekend, their conversation will be dominated by a member of the group that isn’t there: Iran.
Nestle SA has entered exclusive talks to sell its skincare business to a group led by EQT Partners for 10.2 billion Swiss francs ($10.1 billion) in what would...
Turkey will reintroduce a 0.1 percent tax on some foreign-currency transactions in a move that will increase budget revenue but risks raising concern that the...
The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports from Iran and Venezuela, the International...
Profit at Dubai-based Damac Properties plummeted in the first quarter as the company grapples with a slowdown in demand for real estate in its home market.
Saudi Arabia’s stock market rose moderately Wednesday, lifted by its banking shares following index provider MSCI’s decision to include multiple lenders,...
Riyadh approved a program that offers permanent residency for some foreigners, the latest sign of how the quest for non-oil revenue is prompting Gulf Arab...
Saudi Arabia said Wednesday that attacks on two of its oil tankers and a major pipeline targeted not only its own security but that of the world's supplies.
Turkey’s first-quarter recovery will likely be short-lived after a slump in the lira, economists predicted. Industrial production rose a seasonally adjusted...
Careem Networks FZ, the Middle Eastern ride-hailing company recently snatched up by Uber Technologies Inc., is expanding in Saudi Arabia with a bus-transport...
After the Arab revolutions of 2011, multilateral institutions in the Middle East and North Africa began to show greater interest in the promotion of small and...
Stocks slumped across the Gulf, with Saudi Arabia’s benchmark index dropping the most since the Khashoggi crisis, after the kingdom said two oil tankers were...
Stock markets in the energy-rich Gulf States dived Monday as regional tensions soared after ships and oil tankers were targeted by acts of "sabotage" off the...
Saudi Arabia is set to do very nicely from President Donald Trump’s tougher oil sanctions on Iran.
Women queue for hours under scorching sun in the hope of withdrawing cash from an ATM in the Sudanese capital Khartoum. Sometimes it works, sometimes it...
Saudi Arabia plans to meet all requests for oil purchases it has received for June, notably from countries that had to stop buying Iranian crude because of...