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…
Saudi Arabia’s Housing Program, one of the key initiatives under Vision 2030, has contributed about 27 billion riyals ($7.2 billion) to the Kingdom’s non-oil…
State Street Investment Management, the asset management business of State Street Corporation, has announced the cross-listing of the PIF anchored investment…
Saudi Arabia plans to run for a seat on the International Maritime Organization’s (IMO) Council in the next election cycle as it steps up efforts to influence…
Saudi Arabia continues to assert its position as a financial powerhouse in international markets, as its latest issuance of dollar-denominated Islamic bonds,…
Russian President Vladimir Putin said on Wednesday that the planned new Power of Siberia 2 gas pipeline would give a competitive advantage to China because the…
Gold surged to a fresh record high on Wednesday, consolidating gains above the key $3,500 level, on growing expectations of a Federal Reserve rate cut this…
Lebanon’s central bank has placed responsibility for handling “al-Qard al-Hassan,” the financial arm of Hezbollah, squarely on the state. In a statement…
Turkish annual consumer price inflation dipped less than expected to 32.95% in August, official data showed on Wednesday. Month-on-month, inflation was 2.04%…
Developing countries are moving out of dollar debts and turning to currencies with rock bottom interest rates such as the Chinese renminbi and Swiss franc, The…
President of the General Authority of Civil Aviation (GACA), Abdulaziz Al-Duailej, signed on Tuesday an air transport services agreement between the…
The Saudi Arabian Mining Company (Maaden) has joined the International Council on Mining and Metals (ICMM), an international organization dedicated to…
The share of global trade done on WTO terms has fallen to 72% and could fall further, amid the biggest disruption to the international trading system in the…
Egypt's net foreign assets rose by $3.54 billion in July to a record $18.5 billion, central bank data showed, as Gulf investments, a currency devaluation 18…
Gold prices scaled the $3,500 per ounce level to hit a record high on Tuesday, as mounting expectations for a US Federal Reserve interest rate cut this month…
Saudi Arabia’s Minister of Municipalities and Rural Affairs and Housing, Majid Al-Hogail, announced that the value of housing projects executed in partnership…
Saudi Arabia’s housing sector recorded significant achievements last year, with homeownership rates and lending volumes exceeding national targets under the…
Russia's Gazprom has agreed to a modest rise in gas supplies to China via an existing pipeline and has signed a memorandum on building the vast Power of…
The securitization market in Saudi Arabia, especially mortgages, have a promising future, as Saudi banks currently hold a mortgage portfolio valued at…
Syria exported 600,000 barrels of heavy crude oil on Monday from the port of Tartus as part of a deal with a trading firm, a Syrian energy official told…
Saudi Minister of Transport and Logistic Services and Chairman of the Transport General Authority Saleh Al-Jasser inaugurated on Monday the global head office…
The dollar hit a five-week low on Monday as investors looked ahead to a raft of US labor market data this week that could affect expectations for the Federal…
Sudan has initiated a shutdown of the Heglig oil facility following drone attacks it blamed on the Rapid Support Forces, according to a letter sent by its…
Oil prices rose by more than 1% on Monday on concern over supply disruptions stemming from intensified Russia-Ukraine airstrikes as well as a weaker dollar. …
Rabigh Refining and Petrochemical Co. (Petro Rabigh), Saudi Arabia’s largest refining and petrochemicals company, has launched a capital restructuring plan…