World food prices edged lower in October as weaker import demand contributed to monthly declines in cereal, dairy and meat prices, but were still nearly 6%…
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…
Riyadh Air, the new national air carrier wholly owned by the Public Investment Fund, participated in the Dubai Airshow 2023 last week, revealing two categories…
Iraqi Prime Minister Mohammad Shia Al-Sudani stressed on Sunday the importance of utilizing crude oil prices in the global market in increasing financial…
Saudi Minister of Commerce Majid al-Qasabi said more than 70 percent of the problems facing Saudi investors in Egypt have been solved. Egypt’s Prime…
Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz announced that Saudi Aramco has discovered two natural gas fields in the Empty Quarter: Al…
The Secretary General of the Gulf Cooperation Council, Jassem Mohamed Albudaiwi, stated that GCC states are key players in ensuring energy security. In a…
A member of the Egyptian parliament’s economic committee revealed a proposal to reduce monetary pressure, by addressing the debt problem, in light of the…
International Monetary Fund Managing Director Kristalina Georgieva said on Friday this week's meeting between US President Joe Biden and Chinese President Xi…
Pacific Rim leaders showed divisions over the wars in Ukraine and Gaza after a two-day summit of the Asia-Pacific Economic Cooperation (APEC) forum on Friday,…
The governments of Saudi Arabia and Barbados have signed an air transportation agreement aiming to set regulatory frameworks for safe air travel, SPA reported…
The Egyptian government announced on Thursday that the Egyptian Electricity Transmission Company (EETC) signed a memorandum of understanding (MoU) with Belgian…
Fitch Ratings affirmed Public Investment Fund (PIF) at 'A+' with Stable Outlook, reflecting its unchanged assessment of 'Very Strong' status, ownership and…
Presidents and ministers from Saudi Arabia and the Caribbean Community (CARICOM) revealed that the deep and comprehensive cooperation between the two sides…
Gold prices extended gains on Friday and were set for their first weekly rise in three, as investors stepped up bets that the US Federal Reserve is done…
After a visit to Oman, the International Monetary Fund forecast its GDP growth would be 1.3% this year, from 4.3% in 2022. The IMF said Oman’s economic…
The CEO of Saudia Technic, Fahd Cynndy, said that the company aims to offer public shares before the end of 2030. Speaking on the sidelines of the Dubai…
Saudi Arabia was able to record the lowest level of inflation rate in nearly two years at 1.6 percent in October, on an annual basis - the same rate registered…
Aligning with efforts undertaken by the Saudi government to diversify its economy away from oil, the fashion sector has carved out its role as a key player in…
The Saudi Ports Authority 'Mawani' and CMA CGM have launched a new logistics park at Jeddah Islamic Port, with a total area exceeding 130,000 square meters and…
The Board of Directors of NEOM, the sustainable regional development taking shape in northwest Saudi Arabia, announced on Wednesday Epicon, its latest luxury…
Honeywell has selected Saudia Technic, a full-service maintenance, repair and overhaul (MRO) organization, to be the first sole authorized Honeywell service…
Saudia and Riyadh Air announced the signing of a memorandum of understanding as part of a comprehensive agreement that includes operating flights using the…
Saudi air carriers are moving to increase their fleet of narrow-body aircraft to expand short-distance regional flights, due to high demand. This move comes…
Iraqi Prime Minister Mohammed Shia al-Sudani has instructed the directors of government banks to present a development plan within one month. In…
Oil prices rose on Wednesday as China's factory output and retail sales beat expectations, a day after the International Energy Agency (IEA) raised its oil…