As Saudi companies start reporting their Q2 financial results, experts are optimistic about the transport and logistics sector. They expect a 10% annual growth…
Saudi Arabia’s non-oil exports soared to a two-year high in May, reaching SAR 28.89 billion (USD 7.70 billion), marking an 8.2% year-on-year increase compared…
The United States on Thursday called on Israel to extend its cooperation with Palestinian banks for another year, to avoid blocking vital transactions in the…
Oil prices were up slightly on Friday on stronger-than-expected US economic data that raised investor expectations for increasing crude oil demand from the…
Britain's government borrowed a lot more than forecast in June, according to official data published on Friday that highlighted the big budget challenges…
Chinese officials acknowledged on Friday the sweeping list of economic goals re-emphasised at the end of a key Communist Party meeting this week contained …
Ratings agency Moody's upgraded Türkiye’s ratings to "B1" from "B3" on Friday, citing improvements in governance and a tighter stance on monetary policy. …
Saudi Minister of Tourism Ahmed Al-Khatib said, in an interview with Asharq Al-Awsat, that work is underway on new regulations and legislation that will…
Procedures for drilling and construction work on the Durra gas field will begin later this year after engineering studies wrap up later this summer, Kuwait…
A mini OPEC+ ministerial meeting next month is unlikely to recommend changing the group's output policy, including a plan to start unwinding one layer of oil…
Egypt's central bank left its overnight interest rates unchanged on Thursday, as expected, saying economic growth remained slow but that inflation has been…
Saudi Minister of Economy and Planning Faisal Alibrahim has met with World Bank Group President Ajay Banga in Washington. Alibrahim was joined by Deputy…
The Saudia Group signed on Thursday a deal to purchase 100 electric vertical take-off and landing (eVTOL) jets from the German company Lilium, a leading…
Saudi Aramco announced on Thursday that it has completed a bond issuance of $6 billion. The issuance is comprised of three tranches of USD-denominated senior…
Non-oil activities are playing an increasingly pivotal role in diversifying Saudi Arabia’s economy, currently contributing 51% to the total real GDP, with…
Saudi Arabia’s crude oil exports in May rose to 6.118 million barrels per day from 5.968 million bpd in April, official data showed on Wednesday. Monthly…
A senior Polish diplomat revealed growing prospects for fruitful cooperation between his country and Saudi Arabia, especially in food security, while many…
Egypt's Suez Canal registered revenue of $7.2 billion in its 2023/2024 fiscal year, compared with $9.4 billion in the 2022/2023 year, canal authority head…
Iran will receive 300 million cubic metres of Russian gas daily, the official IRNA news agency reported Iran's oil minister Javad Owji as saying on Wednesday. …
Saudi-listed ACWA Power, the world's largest private water desalination company, announced in a press release on Wednesday the completion of a Sale and…
Saudi Arabia has managed to control inflation in recent months, recording 1.5 percent in June, on an annual basis. This shows that the Kingdom is one of the…
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef said that the National Minerals Program will be a strong and supportive tool to enhance the…
The global economy is set for modest growth over the next two years amid cooling activity in the US, a bottoming-out in Europe and stronger consumption and…
China's photovoltaic inverter manufacturer Sungrow Power Supply said on Tuesday it has signed an agreement with Saudi Arabia's Algihaz Holding for an energy…
Gold prices scaled an all-time high on Wednesday, with recent comments from Federal Reserve officials boosting bets of a US interest rate cut in September. …
Saudi Minister of Economy and Planning Faisal Al-Ibrahim said that Saudi Arabia plays a pivotal role in achieving global climate-related goals, with more than…
The Saudi Space Agency said that Saudi Arabia and the United States signed on Tuesday a strategic cooperation agreement focused on the exploration and peaceful…
Saudi Aramco, a global integrated energy and chemicals company, signed on Tuesday definitive agreements to acquire an equity interest in the Jubail-based Blue…