Economy

Saudi Arabia is strengthening its commitment to a plan designed to wean the economy off oil, its finance minister said on Wednesday, during a business event.

Saudi Arabia is seeking to draw major international investment toward its NEOM mega project, amid reports of a slowdown in its ambitious plans.

Unemployment in Gaza has soared to nearly 80% since the Gaza war erupted, with the devastated enclave's economy in almost total collapse, a new report reveals.

Saudi Arabia’s Public Investment Fund reduced its stake in Nintendo shortly after hinting at plans to possibly increase its investment.

Qatar Airways is bidding to take a 25 percent stake in Virgin Australia, where Qatar would take a minority stake in the airlines.

The strong personal relationship between the leaders and Algeria's favourable investment climate have paved the way for substantial Qatari investments.

Reports say Saudi Arabia is preparing to abandon its oil price target of $100 a barrel as it prepares to increase output to take back market share.

The UN mission in Libya announced a compromise between the war-torn and divided country's rival powers aimed at resolving a crisis over its central bank

Despite aiming to become an energy 'hub' in the wake of discovering its vast gas reserves, Egypt has become increasingly dependent on gas imports from Israel.

The US Federal Reserve cut its rate by 50 basis points on Wednesday citing greater confidence in US inflation figures.