The meeting "is shaping up to be one of the most significant since the pandemic demand recovery began, and the key signal will be how much more oil will be added to supply to start the new year," said Peter McNally, an analyst at the Third Bridge think tank.

Saudi Arabia reactivated its support for Pakistan in the last week of October, including about $3 billion in safe deposits and $1.2 billion in oil supplies on deferred payments.

Barry Greenberg, Of Counsel at BSA Ahmad Bin Hezeem & Associated, breaks down what a landmark bankruptcy ruling means for regional companies.

Manufacturing activity in China edged up in November due to an easing in power shortages and a drop in some raw material costs. The latest data from the National Bureau of Statistics was also better than a 49.7 reading expected by a Bloomberg poll of analysts.

Multiply Group has assets of AED 8.16 billion and 3,240 employee

The newly built venue in Jeddah is all but completed ahead of Sunday's night race just over a year after Saudi Arabia was announced as the wealthy Gulf region's latest F1 host.

With little oil but the most diversified economy in the Gulf, Dubai has gone from a fishing village to a major financial, transport and media hub in the space of a few decades. Known for its glitzy shopping centres and its forest of skyscrapers, it has become a major tourist...

Iraq’s general budget for 2022 will focus on implementing a set of investment projects in line with diversifying economy and achieving sustainability.

Qatar's Ministry of Labour has signed a Memorandum of Understanding (MoU) with the Qatar Financial Centre (QFC) Authority to train and employ cadres from national forces, especially fresh graduates, to enter the job market. The MoU states that the Ministry of Labour will provide national workforce data of male and...

American companies are creating a framework for future jobs, which is a new area of cooperation between the US and the UAE, a senior executive of an American business body has said. "We’re actually creating a curriculum in American companies for jobs that don’t exist. So, the US and the...

This partnership is expected to support UAE Industry 4.0.

The riverbed has been the rallying spot for farmers and other people from across Isfahan province protesting the lack of water. Drought is a cause, but they also accuse the authorities of diverting water from the city to supply a neighboring province, which is also desperately short on supplies.

It also covers copyright, trademarks, commercial register, electronic transactions, trust services, factoring, and residency, in addition to laws related to society and personal security including as the Crime and Punishment Law, the Online Security Law, and a laws regulating the production, sale and use of narcotics and psychotropic substances.

The entire population of the UAE has received at least one dose of a vaccine against Covid-19. The country has so far recorded more than 741,000 cases of Covid-19, including 2,145 deaths. IT said last month it had overcome the pandemic as it saw the lowest infection numbers since its...

The Netherlands will provide support to the Lebanese media to ensure access to and delivery of reliable information for voters.

Tebboune has vowed to reform state institutions inherited from Bouteflika, who died in September at the age of 84.

The rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states.

The volume of trade with the ECO countries - Turkey, Afghanistan, the Republic of Azerbaijan, Kyrgyzstan, Kazakhstan, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan. - also increased by 43 percent in comparison to the corresponding period last year, IRNA reported.

Stock exchanges in the GCC region saw quite a few ups and downs this week.

Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.

Firms linked to travel were among the worst affected as investors fretted over the possibility of more government-mandated restrictions.

The new record, topping a previous low of more than 24,000 earlier this week, adds to the troubles of the newly-formed Lebanese government.

The report also highlights that 2014 saw the launch of the first Dubai Innovation Index, which was the first-of-its-kind city level assessment of innovation which has influenced a raft of new measures, including strategies policies and procedures introduced in areas that include public private partnerships, robotics, blockchain, artificial intelligence, the...

The Ministry of Labor stressed the importance of securing the work environment for the Qatari employee.

Erdogan greeted Sheikh Mohammed on the ceremonial blue carpet at the presidential palace in Ankara on Wednesday before they went into talks. The meeting was followed by a signing ceremony for several agreements, the content of which was not divulged.

The move is believed to be part of the Saudi Vision 2030 strategy, through which the country looks to diversify its economy.

Syria is an important destination for Shiite pilgrims, and has continued to welcome visitors from Iran, Iraq, and Lebanon during the conflict. However, European tourists —a constant before fighting started in 2011 — have not been visiting for a decade.

The head of the IEA has called on OPEC and its allies to take measures to help bring oil prices down to ‘reasonable levels’.

The Lebanese pound sank to a new low on the black market Wednesday, with no end in sight to the economic and political crisis plunging ever-growing numbers into poverty. According to websites monitoring the black market rate, the pound was trading at 24,000 to the dollar or 16 times less...

Saudi Arabia recorded a 28.4 percent rise in non-oil exports in the third quarter of 2021 to $18.48 billion thanks to higher shipments of plastic and chemicals.

Last year, China recorded 8.52 births per 1,000 people according to the 2021 Statistical Yearbook released in the past week - the lowest figure since 1978.

Most of those killed by the war's indirect effects were "young children who are especially vulnerable to under- and malnutrition."

During Algeria's transition to a market economy in the 1990s, subsidies replaced the fixed prices of a planned economy that had been in place since independence from France in 1962. Algeria's subsidy system has been financed by energy exports that account for about 95 percent of foreign revenues and 60...

The inaugural edition of the GMIS America will take place in 2022 in Pittsburgh as a homage to a city that has rebounded from significant industrial challenges.

It is vital for the economic development of the Middle East by fostering innovation, entrepreneurship and creating large-scale employment opportunities in the region, says an expert.

The inflation rate in Oman rose by 3.35 percent in October 2021 compared to October 2020. Local media reports, citing the latest data from the National Centre for Statistics and Information (NCSI), said the inflation rate also went up by 0.75 percent compared to September 2021. The rise of prices...

The financial advisor to Iraqi Prime Minister, Madher Muhammad Salih, has stressed the need for beginning  a set of measures that encourage civil activity to invest and produce.

Tens of thousands of migrants are stuck in Yemen, unable to pay for a return trip, held hostage by smugglers or detained by local authorities.

Around 400 Iraqi migrants have returned home after spending three weeks in freezing forest of Belarus, deep in debt but hopeful of reaching the European Union alive. They, however, still hope for a way out of Iraq in search of a better future.

Deputy Foreign Minister Pawel Jablonski of Poland said on Monday that Poland and Qatar can increase their cooperation in many areas, praising the huge progress Qatar has made in different sectors, especially as it prepares to host the 2022 FIFA World Cup. Jablonski said, during a press conference, that his...

With the current global circumstances accelerating the need for immersive tools such as augmented reality and virtual reality, businesses across the UAE must invest in technologies in order to stay ahead of the digital curve, Maria Pace said. She was speaking at the ‘Immersive Technologies: Unlocking a Mixed Reality’ panel...

The city will be built near the Conchagua volcano to harness geothermal energy to power the city and Bitcoin mining.

According to the country's Shoe Manufacturers Association, there used to be over 250 shoe workshops and factories in Jordan, employing about 5,000 people.

Consumption of natural gas rebounded fast — driven by industrial production — boosting demand at a time when supplies were relatively low. Energy supply, however, apparently reacted slowly to price signals due to factors like labor shortages, maintenance backlogs, longer lead times for new projects, and lackluster interest from investors...

GMIS2021 will convene over 45 UAE policymakers and industry leaders, alongside over 250 international speakers, to engage in 70 sessions from November 22-27.

Le Maire said that that the two countries will launch projects in renewable energy and hydrogen besides fighting climate change.

The Supreme Committee for Delivery and Legacy (SC) announced that 5,000 volunteers will participate in the 10th edition FIFA Arab Cup Qatar 2021, according to local reports. SC's Volunteer Strategy Manager Nasser Al Mogaiseeb said that 5,000 volunteers, including 350 from outside Qatar, were selected following set standards Al Mogaiseeb...

The agreement was concluded with an IMF team led by S. Ali Abbas, during a virtual discussion on the third review of the economic reform programme.

Dubai index outperformed GCC peers, following the emirate's announcement of plans to open a $545 million market-making fund and IPOs for 10 government-backed companies.

The UN Conference on Trade and Development (UNCTAD) has warned that the rising shipping prices could spike global inflation by 1.5 percent in 2023, and that the smaller, trade-dependent countries could be hit badly.