Tech firms tumbled Thursday as investors contemplated the outlook for the AI boom after Democrats swept the US midterms, partly on the back of growing anger…
On a windy hillside about an hour's drive northwest of Istanbul, the Catalca power plant was one of Türkiye's first large-scale wind farms and has been feeding…
Saudi Arabia's General Organization for Social Insurance (GOSI) has made businesses that have ceased operations and exited the Saudi market eligible for a 100%…
Saudi Aramco's financial results and Saudi Arabia's third-quarter budget performance report, released on the same day, revealed a divergence between the…
Global food commodity prices dipped in September as declines in sugar and dairy offset a new peak for meat prices, the United Nations' Food and Agriculture…
Türkiye’s annual inflation rate jumped to 33.29% in September, well above expectations according to data on Friday, reinforcing concerns that the central bank…
Saudi Minister of Finance Mohammed Aljadaan headed the Kingdom's delegation participating in the 124th meeting of the Gulf Cooperation Council’s (GCC’s)…
Saudi Arabia’s General Authority for Foreign Trade (GAFT) said it has resolved a technical and logistical challenge that had disrupted exports through the …
The International Monetary Fund sees a mixed inflation picture globally as companies in the US and other tariff-raising countries have so far absorbed much of…
Goldman Sachs and the state-linked Abu Dhabi Investment Authority have invested in Haagen-Dazs owner Froneri, in a deal that values the ice cream company at…
Egypt's central bank cut its overnight interest rates by 100 basis points on Thursday, its fourth reduction this year, continuing its easing cycle to…
Crude oil flows from Iraq's Kurdistan region to Türkiye's Ceyhan port are running at around 180,000 barrels per day, up from 150,000-160,000 bpd earlier in the…
Oil prices edged lower on Thursday, extending a run of declines into a fourth day due to concerns about oversupply in the market. Brent crude futures fell 37…
Iraq has activated a contract with BP to develop Kirkuk oilfields, targeting preliminary production of 328,000 barrels per day, the country's oil minister said…
Gold held steady near record highs on Thursday, as heightened expectations of further US interest rate cuts this year and political uncertainty on account of a…
The Arab Energy Fund, a leading financial institution dedicated to the energy sector in the Middle East and North Africa, has reported a major financial boost…
China and Malaysia are in early talks for a project to process rare earths, with sovereign wealth fund Khazanah Nasional likely to partner with a Chinese state…
OpenAI, the company behind ChatGPT, has reached a valuation of $500 billion, following a deal in which current and former employees sold roughly $6.6 billion…
Vancouver-based Lithium Americas said on Wednesday that the US Department of Energy (DOE) has taken a 5% stake in the company, along with a separate 5% stake…
The Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ group stressed the critical importance of achieving full conformity and compensation in oil…
The Saudi-Omani Business Council convened in Muscat with the participation of Saudi and Omani investors, reported the Saudi Press Agency on Wednesday. The…
The Oil Sustainability Program (OSP) and Sika Saudi Arabia signed on Tuesday a strategic memorandum of understanding to support innovation in the construction…
Saudi Arabia and Lebanon have announced the formation of a joint business council, a move seen as a step toward restoring economic cooperation after years of…
Türkiye's manufacturing sector continued to face a challenging environment in September as new orders and output shrank at faster rates, a business survey…
Saudi Arabia’s pre-budget statement for fiscal year 2026 underscores the government’s commitment to financial sustainability, economic growth, and empowering…
Gold prices surged to a record high on Wednesday, driven by investor demand for safe-haven assets after the start of the US government shutdown and as soft…
Saudi Council of Economic and Development Affairs Reviews Economic Performance, Vision 2030 Progress
Saudi Arabia’s Council of Economic and Development Affairs held a video conference meeting to review several key economic and strategic reports, reported the…
Saudi Arabia has achieved a milestone in the Middle East's aviation sector by managing air traffic at AlUla International Airport remotely through the region's…