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,…
China urged the European Union Commision to end its probe on Chinese electric vehicle tariffs, calling it "unreasonable" and not in line with international…
UBS said on Thursday it would split its top wealth management role as part of a shake-up of its executive board, creating new responsibilities for two leading…
Saudi Arabia is selling a 0.64% stake in oil giant Aramco, a statement said on Thursday. Saudi Arabia is offering 1.545 billion Aramco shares and the offering…
The number of Ukrainians living in poverty has grown by 1.8 million since 2020, bringing the total to about 29% of the population as Russia's 2022 invasion…
Oil prices were broadly steady on Thursday, ahead of US crude oil stockpiles data, inflation data and an OPEC+ meeting to decide on supply cuts through the…
Saudi Arabia’s National Debt Management Center (NDMC) announced on Wednesday the completion of a $5 billion trust certificate issuance (Sukuk), under the…
Kuwait’s Emir, Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, on Wednesday kicked off the official celebration for the full operation of the Al-Zour Refinery. …
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has claimed the top spot globally as the most valuable brand, worth $1.1 billion,…
The World Bank expects the Gulf Cooperation Council (GCC) region to grow by 2.8% in 2024 and 4.7% in 2025. This growth is driven by OPEC+ gradually increasing…
Egypt, often the world's biggest wheat importer, will raise the price of heavily subsidized bread for the first time in decades, a sensitive decision that has…
Gold prices edged lower on Wednesday as the US dollar and Treasury yields held firm ahead of key inflation data, which could offer more clarity on the Federal…
As the world focuses on the Red Sea due to rising attacks on passing ships, experts warn of growing threats to the region's shipping lanes, which could…
Since 2016, Saudi Arabia’s General Entertainment Authority (GEA) has been fighting against black market ticket sales for events like concerts, theater shows,…
China's economy is set to grow 5% this year, after a "strong" first quarter, the International Monetary Fund said on Wednesday, upgrading its earlier forecast…
The Saudi Ministry of Economy and Planning and the Ministry of Labor and Economy in Austria have signed a memorandum of understanding (MoU) to enhance economic…
Germany faces rising spending pressures and the government should consider easing the debt brake, the International Monetary Fund said on Tuesday, but finance…
The new boss of Brazil's Petrobras said it was crucial that the state-run company "accelerate" oil exploration, including in a controversial offshore basin…
China’s President Xi Jinping called for efforts to promote high-quality and sufficient jobs for college graduates and migrant workers, while presiding over a…
Saudi Arabia’s General Authority of Civil Aviation (GACA) announced on Tuesday that Italian Airlines (ITA) will begin regular passenger flights between the…
Israeli defense electronics firm Elbit Systems reported higher first-quarter profit on Tuesday as demand from Israel's military in fight against Hamas in Gaza…
Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2 meeting and hopes of strong US summer fuel demand…
Gold prices slipped on Tuesday with investors booking profits after a recent rally, amid pressure from the reduced probability of Federal Reserve rate cuts,…
Dr. Ahmed Mohina, the First Undersecretary at Egypt’s Ministry of Electricity, revealed that the progress on the Egypt-Saudi Arabia electrical connection…
The Saudi government has unveiled eight new initiatives to boost energy efficiency, targeting sustainable economic growth and lower carbon emissions. The…