Bahrain's government has raised its debt ceiling to 15 billion dinars ($39.79 billion) from 13 billion dinars to help finance public spending, the cabinet said Monday, as low oil prices and the coronavirus crisis have dented state revenues. The debt ceiling was also increased to pay for...

Saudi Arabia's energy ministry is to offer assistance so that Neom, a $500 billion high-tech development that includes tourism and sport facilities on the Red Sea, can be completed on schedule, minister Abdul Aziz bin Salman said Sunday. "We have to persevere and make all our capacities...

Days ahead of a final deadline, activation of a long-planned Algeria-EU trade deal risks unravelling as political and business leaders in the North African country warn it will undermine economic sovereignty. The deal is meant to come into effect on September 1, a decade and a half after...

Credit ratings agency S&P Friday downgraded more Lebanese government debt issues after missed payments, citing the country's worsening economic crisis following the devastating explosion in Beirut earlier this month. S&P Global Ratings maintained the "selective default" or "SD"...