Baghdad's oil ministry said Tuesday it has "understandings" with the United States and Iran to reduce the impact of the blockade of the Strait of Hormuz on…
Saudi Arabia has invested about SAR100 billion ($26.7 billion) in its water sector since 2018, as part of its National Water Strategy to improve efficiency and…
Gold prices rose on Tuesday, supported by a softer dollar and easing inflation fears as oil prices dropped on hopes of further US-Iran peace talks. Spot…
China's exports grew at a slower pace last month after starting the year with a surge, official data showed Tuesday, as the global economy reels from war in…
The global economy enters a new stage of uncertainty as the US Central Command (CENTCOM) said American forces began implementing a blockade of maritime traffic…
Global technology company Lenovo has inaugurated its regional headquarters in Riyadh, after investing more than 2 billion riyals ($532 million) in the Saudi…
Pakistan is considering Eurobonds, loans from other countries and commercial debt to replace a $3.5 billion facility from the United Arab Emirates (UAE) and…
The head of the International Energy Agency, Fatih Birol, said on Monday he hopes another oil stockpile release is not needed but "we stand ready to act" if…
Germany's Hapag-Lloyd said on Monday that it is difficult to assess what effect US President Donald Trump's plans to block the Strait of Hormuz would have on…
More than 32 million people worldwide could be plunged into poverty by the economic fallout from the Iran war, with developing countries expected to be hit…
The European Union's member states must coordinate on energy prices amid a 22 billion euro ($25.70 billion) increase in fossil fuel bills since the start of…
Iraq’s oil exports plunged in March to 18.6 million barrels, down from 99.87 million in February – a drop of 81.3 percent - due to the closure of the Strait of…
The Middle East war will dominate global finance officials' talks this week in Washington, but World Bank President Ajay Banga is sounding the alarm about a…
Gold prices touched a near one-week low on Monday, pressured by a stronger dollar, while a surge in oil prices following failed US-Iran peace talks fueled…
Euro zone government bond yields edged up on Monday towards recent peaks after the United States and Iran failed to secure a deal to end the war, pushing oil…
Malaysia's Maritime Enforcement Agency (MMEA) said it has detained two tankers for allegedly conducting an illegal ship-to-ship transfer of about 700,000…
Oil prices surged and stocks sank Monday after US-Iran peace talks fell apart and Donald Trump announced a blockade of the strategic Strait of Hormuz, adding…
Saudi Minister of Investment Fahad Al-Saif inaugurated on Sunday Lenovo’s regional headquarters for the Middle East, Türkiye, and Africa in Riyadh, marking a…
Saudi Arabia demonstrated exceptional readiness and a rapid response in containing the fallout from the recent attacks on some of its oil facilities, restoring…
Russia is ready to continue supplying gas to the European Union if there are volumes remaining after supplies to alternative markets, Russian state news agency…
In 2025, the Saudi energy sector demonstrated a superior ability to fortify its financial gains and navigate global market fluctuations, achieving a net profit…
Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third…
Pakistan called for stronger economic cooperation with Saudi Arabia during a visit by Saudi Finance Minister Mohammed al-Jadaan, who held talks with the…
Saudi Arabia has emerged as a key stabilizing force in global energy markets during the crisis triggered by the US-Israeli-Iranian war that disrupted the…
South Korea is close to securing crude oil supplies from Kazakhstan, the industry minister said on Sunday, as the country looks for alternative energy sources…
The Saudi Ministry of Energy announced on Sunday the success of operational and technical efforts in restoring the full pumping capacity through the East-West…
Boston resident Pat Ouedraogo has cut longer-distance trips, while aspiring law student Skyler Burke drives extra miles to avoid pricier gasoline pumps closer…
