Copper dropped on Friday and was set for its biggest weekly drop in London since March, as a rout in technology stocks battered markets. Benchmark three…
Emerging ‌and developing economies outside China are expected to add as much new renewable energy capacity as advanced economies for the first time over…
Gold prices slipped on Friday as oil prices rebounded, fanning inflation worries and higher-for-longer interest rate expectations, while investors awaited key…
Oil prices are set for a sharp weekly drop on expectations of a de-escalation of the Iran war after US President Donald Trump's party suffered election losses,…
Abu Dhabi National Oil Company (ADNOC) has signed a general agreement with the Japan Bank for International Cooperation (JBIC) for a $3 billion (AED11 billion)…
The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of Beijing's "unfair" support, a…
Egypt's non-oil private sector showed more signs of improvement in June, a survey showed on Thursday. The S&P Global Purchasing Managers' Index for Egypt…
The Kingdom of Saudi Arabia, represented by the Ministry of Environment, Water, and Agriculture, signed a memorandum of understanding with the Ministry of…
The Saudi Ports Authority (Mawani) announced the extension of the exemption period for storage fees for exported empty containers at King Abdulaziz Port in…
Gold prices were flat near a two-week high on Thursday after softer-than-expected US economic data spurred hopes of interest rate cuts as early as September,…
Oil prices for Brent crude held above $87 a barrel on Thursday, near their highest level since late April after data the previous day showed a decline in US…
The latest Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) showed the Kingdom's PMI stabilized at 55, as a result of another strong improvement in…
Saudi Arabia’s Cabinet, led by Crown Prince and Prime Minister Mohammed bin Salman, approved a new social insurance system for new workers during its session…
Turkmenistan and Iran on Wednesday signed a contract for the delivery of 10 billion cubic meters a year of Turkmen gas that Iran will then ship on to Iraq. …
A measure of US services sector activity slumped to a four-year low in June amid a sharp drop in orders, potentially hinting at a loss of momentum in the…
Overall business growth across the euro zone slowed sharply last month as a solid expansion in the bloc's dominant services industry failed to offset a…
State-owned Saudi Arabian Military Industries (SAMI) said early on Thursday it signed three memorandums of understanding (MOUs) with Turkish companies to …
Around 3,000 Saudi SMEs benefited from The Small and Medium Enterprises Loan Guarantee Program (Kafalah) during the first half of 2024. The program…
The Saudi Minister of Communications and Information Technology, Eng. Abdullah bin Amer Al-Swaha, met with the CEO of Meta, Mark Zuckerberg, during an official…
Financial analysts and market experts predict a downturn for Gulf stock markets this summer. They foresee lower stock values, reduced trading volumes, sectoral…
Emerging economies have increasingly driven global agricultural market developments over the last 20 years and are projected to continue to do so over the next…
Türkiye is holding talks with the United States on the construction of large-scale nuclear power plants and small modular reactors (SMR), a senior Turkish…
OPEC oil output rose in June for a second consecutive month, a Reuters survey found on Tuesday, as higher supply from Nigeria and Iran offset the impact of…
ROSHN Group, a Public Investment Fund-owned company, has signed a Memorandum of Collaboration with the Saudi Ministry of Tourism that will support the…
In the presence of Saudi Minister of Energy Prince Abdulaziz bin Salman, GE Vernova Inc. has announced the successful rollout of the first H-class gas turbine…
OPEC Secretary General: Producing Critical Minerals in Future Not Only Dependent on Renewable Energy
OPEC Secretary General Haitham Al Ghais said on Monday that those that talk of critical minerals delivering the world a future of only renewables and EVs, are…
Saudi Arabia's sovereign wealth fund PIF swung to a profit of 138.1 billion riyals ($36.81 billion) in 2023, it said on Monday. Total revenues at the Public…
Saudi-listed ACWA Power, the world's largest private water desalination company, has signed financing agreements for Tashkent’s Riverside power plant in…