Ministers and officials in the Saudi government said that the Kingdom is continuing its comprehensive transformational journey at an accelerated pace since the…
Custodian of the Two Holy Mosques, King Salman bin Abdulaziz stressed that Saudi Arabia is making major and lasting progress with its Vision 2030 national…
The Director of the Middle East and Central Asia office at the International Monetary Fund (IMF), Dr. Jihad Azour, said that geopolitical developments are…
Gold inched up on Friday ahead of a key US inflation report, but prices were on track for their first weekly drop in six weeks on easing concerns of a major…
Morocco's renewable energy agency Masen launched a pre-qualification tender on Thursday for a 400-megawatt wind project in the country's north. The tender…
Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a deadline to divest from the hugely popular video platform…
Global commodity prices are leveling off after a steep descent that played a decisive role in whittling down overall inflation last year, which could make it…
Türkiye's central bank kept its main interest rate steady at 50% on Thursday as expected, citing a big tightening in financial conditions since its last hike,…
Oil prices steadied on Thursday after settling lower in the previous day, as signs of retreating fuel demand in the US, the world's biggest oil user, contended…
The International Monetary Fund (IMF) has inaugurated its regional office in Riyadh with the aim to strengthen partnership with countries in the Middle East…
Data from the Saudi General Authority for Statistics (GASTAT) showed that the trade balance surplus rose by 13 percent, in February, to SAR32 billion ($8.5…
The size of the communications and technology market in Saudi Arabia reached SAR166 billion ($44.2 billion) during 2023, which is equivalent to a compound…
UAE’s Ministry of Investment and the Kenyan Ministry of Finance and National Treasury have signed a memorandum of understanding, setting the stage for…
Alternative investment company Investcorp has launched a $1 billion fund backed by China's sovereign wealth fund CIC to invest in companies across Saudi Arabia…
The International Monetary Fund will open a new regional office in Saudi Arabia's capital Riyadh, it said in a statement on Wednesday, to strengthen…
The Saudi Ministry of Finance will ask all government agencies to use a unified national platform to issue fines and penalties, sources told Asharq Al-Awsat. …
Egypt’s Finance Minister Mohamed Maait said on Tuesday that the state’s general budget was likely to achieve a primary surplus of 5.75 percent of the gross…
Saudi Commerce Minister Dr. Majid Al-Qasabi has discussed Vision 2030 achievements and investment opportunities with US business leaders in Washington. The…
Oil prices extended gains on Wednesday after industry data showed a surprise drop in US crude stocks last week, a positive sign for demand, though markets were…
Venezuela's state-run oil company PDVSA plans to increase digital currency usage in its crude and fuel exports as the US reimposes oil sanctions on the country…
UAE and Omani companies have signed deals worth 129 billion dirhams ($35.12 billion) in sectors including energy and transport during the Omani ruler's visit…
The Saudi Ports Authority (Mawani) has added a new shipping service, East Africa Express, by the Mediterranean Shipping Company (MSC), to King Abdul Aziz Port…
The World Bank is forecasting a 5.9% growth for Saudi Arabia’s economy in 2025, surpassing previous estimates. This surge is fueled by heightened non-oil…
Oil prices edged higher on Tuesday, after falling in the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle…
Saudi Arabia’s Diriyah Company unveiled on Monday details of Zallal, its inaugural major versatile commercial office and retail project, slated to debut in the…
Saudi Arabia’s Public Investment Fund (PIF) and Saudi Telecommunications Company (stc Group) announced on Monday the signing of definitive agreements whereby…
Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, said on Monday that it has entered into discussions with China’s Hengli…
Financial analysts have linked the growth of net profits of Saudi application and technology services companies by 22 percent during 2023 with the Kingdom’s…