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,…
Oil prices rose on Friday, driven by growing demand in the world's biggest consumers, the United States and China, while the US Federal Reserve gave a…
Gold raced to an all-time high on Thursday, extending its record run this week as increasing bets for US monetary easing added to sustained tailwinds for…
Germany faced strikes on several fronts on Thursday, as train drivers and airport workers walked off the job, causing chaos for millions of travellers and…
![[1/2]European Central Bank (ECB) headquarters building is seen during sunset in Frankfurt, Germany, January 5, 2022. REUTERS/Kai Pfaffenbach/File Photo Purchase Licensing Rights](/s3/files/styles/414x217/public/2024-03/565563.jpeg.webp)
The European Central Bank kept borrowing costs at record highs on Thursday while cautiously laying the ground to lower them later this year, saying it had…
Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince, Prime Minister, Chairman of the Council of Economic and Development Affairs and Chairman of the…
Egypt's currency was stable at around 49.5 pounds to the dollar as the market opened on Thursday, a day after the central bank let the currency plunge and…
Real estate developer and Public Investment Fund (PIF) giga-project ROSHN underscored the economic impact of the MARAFY project that will be implemented in…
Gold prices surged to a record high on Thursday, poised for their seventh consecutive daily rise, led by sluggish US economic data and Federal Reserve Chair…
TotalEnergies and Qatar's oil company on Wednesday said they would buy a stake in a license to seek oil and gas off South Africa as part of their plans to…
The International Monetary Fund (IMF) will increase its current loan program with Egypt by $5 billion, the country's prime minister said on Wednesday, as the…
The Board of Directors of NEOM announced Gidori – an exclusive private golf community set amidst the breathtaking coastal hills of the Gulf of Aqaba – as the…
Abu Dhabi's financial center, the Abu Dhabi Global Market (ADGM), said on Wednesday that the number of companies that set up base there grew 32% in 2023 from…
Oil prices rebounded slightly on Wednesday after extended declines as signs of supply tightness amid output cuts by major producers overrode demand growth…
Gold stood tall near previous session's record highs on Wednesday as markets expect Federal Reserve Chair Jerome Powell's testimony later in the day to reveal…
The Saudi Electricity Company (SEC) issued on Wednesday the financial results for 2023. The company reported operating revenues of SAR75.3 billion, a 4.5%…
Egypt's central bank said on Wednesday that it had hiked interest rates by 600 basis points at an unscheduled meeting and that it would allow the exchange rate…
In an innovative move to bolster the gaming and Esports industry in Saudi Arabia, the National Development Fund (NDF), in collaboration with the Social…
Saudi Arabia’s Public Investment Fund (PIF) and Mumtalakat Holding Company, the sovereign wealth fund of Bahrain, signed on Tuesday a memorandum of…
Saudi Arabia further advanced its position as a regional tech and investment hub during LEAP 24, with the announcement on Tuesday of $888 million in investment…
The Saudi-Turkish Business Forum and Turkish Products Fair was held on March 4, 2024 at the Riyadh International Convention and Exhibition Center, SPA said on…
Abu Dhabi National Oil Company (ADNOC) generated $500 million of additional value in 2023 by using artificial intelligence, the company said on Tuesday. …
Gold prices steadied near a three-month peak on Tuesday, supported by subdued US manufacturing and construction spending, as investors awaited testimony from…
Chinese Premier Li Qiang announced an ambitious 2024 economic growth target of around 5% on Tuesday, promising steps to transform the country's development…
Amazon Web Services (AWS), an Amazon.com company, announced on Monday that it will launch an AWS infrastructure Region in Saudi Arabia in 2026. The new…