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…
Saudi Arabia achieved the highest semi-annual surplus ever for the travel item in the balance of payments during the first half of 2023, soaring 327 percent,…
The Central Bank of Iraq (CBI) said it will ban cash withdrawals and transactions in US dollars in a move that surprised markets. The move aims to…
Saudi Arabia is regarded as one of the world’s most active players on the climate change front, positioning itself as a new green giant with a significant and…
The United Nations Green Climate Fund reached around $9.3 billion in pledges for its second replenishment round to help vulnerable countries cope with climate…
Nigerian Ambassador to Saudi Arabia Yahaya Lawal has expressed support to the Kingdom in its strategy that encourages the OPEC+ group to guarantee the global…
The Ministry of Transportation of Egypt has approved the establishment of a headquarters for the Holding Co. for Roads, Bridges, and Land Transportation…
The Organization of the Petroleum Exporting Countries (OPEC) will launch the 17th edition of its World Oil Outlook (WOO) on Monday in Riyadh at King Abdullah…
Saudi Arabia and Russia have said they were continuing voluntary oil cuts of 1.3 million barrels per day (bpd) to year-end. Saudi Arabia on Wednesday…
The Saudi Minister of Economy and Planning, Faisal bin Fadhil Alibrahim, has held talks with Austria’s Minister of Labor and Economy Dr. Martin Kocher on ways…
The Saudi MATARAT Holding Company, represented by CEO Eng. Mohammed Abdullah Al-Maghlouth, signed Wednesday a memorandum of understanding (MoU) with Brazil’s…
Minister of Economy and Planning Faisal Al-Ibrahim revealed that Saudi exports to Portugal recorded an uptick of 50 percent, while imports from Lisbon…
Qatar on Tuesday laid the foundation stone for a production expansion project in one of the largest natural gas fields in the world, northeastern coast of the…
Saudi Arabia has witnessed a remarkable 58% growth in tourist numbers during the first seven months of this year compared to the same period in 2019, ranking…
Saudi Arabia on Wednesday said it would continue with its voluntary oil output cut of one million barrels per day (bpd) for the month of November and until the…
Saudi Arabia’s purchasing managers’ index witnessed an uptick in September as business confidence in the non-oil private sector improved, showed an economy…
The Saudi maritime sector has recorded a significant uptick in the Q3 update of the UNCTAD’s Liner Shipping Connectivity Index (LSCI), scoring 77.66 points in…
As more and more Saudis are turning to online buying, the Kingdom is seeing unprecedented growth in e-commerce businesses, with the total number of registered…
Saudi “flynas” airline announced the delivery of five A320neo aircraft to increase its all-Airbus fleet to 56 airplanes. The latest deliveries come as part…
Saudi Arabia has achieved a significant milestone in the tourism sector, ranking second globally in terms of tourist arrivals during the first seven months of…
Saudi Arabia's Public Investment Fund (PIF) announced on Tuesday the establishment of Al Balad Development Company (BDC). The company will become the main…
Saudi Cruise, a wholly owned PIF subsidiary, specializing in developing the cruise sector in Saudi Arabia, announced new agreements with a number of world…
Iraq, OPEC's second producer after Saudi Arabia, said on Tuesday it would award 30 new oil and gas projects in its fifth + and sixth licensing rounds. The…
The number of Saudi nationals in the private sector rose to 2.2 million in the second quarter of 2023. With the close of last September, the General…
Due to their market value, apartment rentals in high-rise towers are leading Saudi Arabia’s residential real estate sector as the most profitable of real…