Algeria

Algeria Rules Out Requesting Loans from IMF
28/07/2021 09:56 GMT

Algerian President Abdelmadjid Tebboune confirmed that his country would not approach the International Monetary Fund (IMF) and international financial organizations for loans, despite the social and... More


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Bahrain

Bahrain's Asry Goes LED
28/07/2021 04:14 GMT

Asry, the leading Bahrain-based maritime repair and fabrication facility, has recently shifted to the LED lighting technology that is known as one of the most energy-efficient and rapidly developing... More


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Egypt

Amazon to Rebrand Souq.com Egypt Site This Year
29/07/2021 06:08 GMT

Amazon said it plans to rebrand the Egyptian version of Souq.com as Amazon.eg this year, following similar moves in Saudi Arabia and the UAE. Sales partners previously registered on Amazon’s Souq.com... More


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Iran

Iran’s Exports to India Surges in Quarter on Year
28/07/2021 09:08 GMT

The value of Iran’s exports to India has risen 240% during the first quarter of the current Iranian calendar year (March 21-June 21), as compared to the same period of time in the past year, an... More


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Iraq

Kurdistan Gets Federal Budget Share, Ends Salary Cuts
29/07/2021 06:06 GMT

Prime Minister Masrour Barzani on Sunday led a meeting with the Kurdistan Region's Economic Council to address the resumption of full salary pay for government employees. Prime Minister Barzani... More


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Kuwait

UN Panel Makes Payment to Kuwait Oil Firm for Iraq Invasion
28/07/2021 09:25 GMT

A United Nations panel paid out US$600 million to Kuwait's national oil company Tuesday as compensation for Iraq's invasion and occupation of Kuwait three decades ago. The UN Compensation Commission... More


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Libya

Libyan Firms Discuss Projects to Raise Output Capacity
21/07/2021 10:06 GMT

The Chairman of the Board of Directors of Libya’s National Oil Corp (NOC), Eng. Mustafa Sanalla, and Chairman of the Owners Committee of the Waha Oil Company, Dr. Rajab Abdul-Sadiq met to discuss... More


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Oman

37% of Corporate Users in Oman Targeted by Financial Malware in H1
29/07/2021 06:08 GMT

Corporate users in the Sultanate were the targets of roughly a third of the 2,482 financial malware attacks recorded during the first half of this year, according to a report by cybersecurity... More


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Qatar

Qatar’s Low-Carbon LNG Expansion to Meet World’s Growing Clean Energy Demand
28/07/2021 04:14 GMT

Qatar’s low-carbon LNG expansion will meet world’s growing demand for cleaner energy, PwC has said in its ‘Qatar Economy Watch’ report. Qatar’s gas production process is among the lowest... More


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Saudi Arabia

KSA Bans Travel to Or Transit at Some Countries
29/07/2021 06:08 GMT

The Kigdom of Saudi Arabia (KSA) Ministry of Interior has cautioned citizens against travelling to countries that are on the Kingdom's no-travel list and warned that violators would be banned from... More


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UAE

Abu Dhabi's ZonesCorp Completes Key Phase of Rahayel Automotive City
29/07/2021 06:08 GMT

ZonesCorp, an Abu Dhabi Ports company, said work has been completed on 1.38 million sq m of commercial and retail areas at Rahayel Automotive and Mobility City, the first integrated hub for the... More


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Yemen

Yemeni Rial Plunges to New Record Lows
15/07/2021 10:18 GMT

The Yemeni riyal on Wednesday reached record lows, trading 1,003 to the dollar in the black market despite fresh economic measures by the government, currency traders told Arab News. Chaired by Prime... More


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General News

Audi Reports Rise in ME's H1 Sales
28/07/2021 04:17 GMT

Germany’s Audi Group reported a 37% increase in sales in the Middle East during the first half of 2021, its best regional performance for five years. Audi Middle East’s Managing Director Carsten... More


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