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,…
Saudi Arabia on Sunday cut the February price of its flagship Arab Light crude to Asian customers to the lowest level in 27 months, a company statement showed…
The sessions and activities of the Future of Real Estate 2024 Forum, which will be held in Riyadh on Jan. 22-24, will witness discussions on the real estate…
Abu Dhabi Ports Group initiated a 15-year concession agreement with the Red Sea Port Authority (RSPA) to operate and manage three cruise terminals at Safaga,…
The United Nations food agency's world price index ended last year about 10% below its 2022, with values in December also down from the previous month, helping…
Maersk is diverting all container vessels from Red Sea routes around Africa's Cape of Good Hope for the foreseeable future, warning customers to prepare for…
OPEC oil output rose in December, a Reuters survey found on Friday, as increases in Iraq, Angola and Nigeria offset ongoing cuts by Saudi Arabia and other…
China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world's…
Egypt’s trade balance deficit declined by 16.6 percent to $3.15 billion in October 2023, compared to $3.78 billion in the same month of 2022. The Central…
The Saudi Red Sea Authority began its field visits to issue the necessary licenses for navigational and maritime tourism activities in the Red Sea, in…
Saudi Arabia’s industrial sector witnessed billion-dollar investment deals and the opening of qualitative new factories in 2023, within efforts to advance the…
McDonald's CEO Chris Kempczinski has said several markets in the Middle East and some outside the region were experiencing a "meaningful business impact" due…
Saudi Arabia estimates financing needs of about 86 billion riyals ($22.93 billion) in 2024 under a borrowing plan approved by Finance Minister Mohammed Al…
A number of major international space companies are expected to participate in the second edition of the World Defense Show 2024, which will kick off in Riyadh…
Saudi Arabia’s non-oil private sector continued its steady growth in December, registering an increase that remained unchanged from November. This…
The Public Investment Fund (PIF) announced on Thursday that it has finalized an investment agreement with the Middle East Paper Company (MEPCO), a manufacturer…
The Saudi Ministry of Commerce said that more than 95,000 commercial registers were issued during the fourth quarter of 2023, an increase of 23 percent…
The Board of Directors of the General Authority for Competition (GAC) has given the green light to file charges against 79 establishments for violating the…
The Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday that cooperation and dialogue within the wider OPEC+ producer alliance will…
Iraqi Deputy Prime Minister and Oil Minister Hayan Abdel Ghani said on Wednesday that his ministry is working to increase oil production and implementing the…
Investments in Saudi Arabia’s industrial sector have shown a quarterly growth rate of 1.5%, with a total value of approximately SAR1.5 trillion by the end of…
Local protests have forced a full shutdown of production at Libya's Sharara oilfield, which can produce up to 300,000 barrels per day, two engineers told…
Amr Al-Samadouni, Secretary-General of the International Transport and Logistics Division at the Cairo Chamber of Commerce, said on Tuesday that tensions in…
Jordan relies on imports to cover the majority of its food needs, most of which cross the country’s only seaport of Bab al-Mandab strait, as the Houthi group…
The Saudi Ports Authority (Mawani) said that it strengthened the Kingdom’s maritime, logistics and ports sector with investment projects amounting to around…