Economy

On the 42nd anniversary of GCC's creation, the comprehensive unity and economic integration of the Gulf states is still underway and subject to the removal of bureaucratic and legal obstacles

With a fully locally made car gearing up for its market debut, a clear industrial policy is paying dividends in what is one of Africa's most industrially developed nations. Here's how they did it.

Saudi Arabia's first-quarter budget figures reflect a steadily diversifying the economy, reducing reliance on oil as the country's main source of income, and boosting opportunities the private sector

Downgrade was prompted by declining foreign exchange inflows, continued restrictions to the Egyptian pound's exchange rate, as well as external pressures to the economy

While its president plays on European fears of the human fallout from default, debt crisis looms ahead of the hot Mediterranean summer

From multi-billion dollar contracts to boost port capacity to new shipping lines and logistical parks, maritime transport is at the forefront of Vision 2030 plans to transform the Kingdom's economy

The decision to reduce production to 3.6 million barrels per day is the largest oil cut since the pandemic

Another dizzying surge in state spending, not least on a rising number of government employees, raises doubts on the sustainability of the country's finances just as other oil economies are changing

While Libya has an abundance of oil it is politically and strategically divided and lacks economic and human capital

It will take time not legislation to reduce Kuwait's foreign labour force dependence