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…
Egypt's petroleum ministry on Tuesday announced a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez. The new discovery was…
Dalia Samir, Co-Founder and Director of Hydrogen Egypt (H²Egypt), unveiled a partnership deal with Chinese PERIC to assemble and produce parts of the…
The US-based energy company Apache Corporation plans to invest around $1.4 billion in Egypt in 2024, stated John Christmann, CEO and President of Apache's…
The Arab Gulf and Egypt have joined the global race to secure a share of the green hydrogen industry, either through production or through long-term contracts…
Libya’s central bank announced Sunday its reunification after being split for nearly a decade due to the country’s long-running civil war that resulted in two…
ACWA Power, a Saudi-listed company and a leader in the energy transition, the Water and Electricity Holding Company (Badeel), wholly owned by Public Investment…
Tunisia will again supply flour to more than 1,000 non-subsidized bakeries in the North African country after most of them ceased operating, government and…
Türkiye’s central bank began rolling back on Sunday a growing and costly scheme that protects lira deposits from FX depreciation, marking another move toward…
Nowadays, the global economy is facing numerous threats that cannot be ignored. The US banking sector has experienced significant disruptions, while markets in…
The US Commerce Department has accused China, Canada and Germany of allowing companies operating there to engage in unfair pricing activities, according to a…
Social media company X, formerly known as Twitter, will remove a protective feature that lets users block other accounts, owner Elon Musk said on Friday. The…
The Ministry of Communications and Information Technology signed a cooperation agreement on digitization and electronic manufacturing with the Republic of…
Top cryptocurrency bitcoin hit a fresh two-month low on Friday, breaking out of its recent tight range as a wave of risk averse sentiment swept through world…
Turkish Minister of Finance Mehmet Simsek has said that Ankara expects the nation's economy to grow by around 4.5% in 2023. “In 2023, we are forecasting a…
A recent report by the World Economic Forum (WEF) noted that the economic relations between the GCC countries and China go beyond oil and trade, but constitute…
China's Shanghai Lujiazui Financial City Authority (SLFCA) has opened its representative office in Riyadh as a commercial investment gateway to access the…
Lebanon's Central Bank said on Thursday that its liquid foreign assets stood at $8.57 billion as it disclosed the numbers for the first time in a push for…
The Saudi Cabinet, chaired by Crown Prince Mohammed bin Salman, approved on Tuesday the establishment of the Insurance Authority. This move aims to foster…
The Saudi government has successfully identified several potential violations that could harm competition within the automotive sector. The Kingdom intends to…
Saudi Arabia sold down its holdings of US Treasuries in June to the lowest in more than six years. The kingdom held $108.1bn of Treasury securities in June,…
Abu Dhabi's ADNOC Gas said on Thursday it has signed a five-year deal to supply liquefied natural gas (LNG) to Japan Petroleum Exploration Co (Japex). The…
UAE’s Dubai Electricity and Water Authority (DEWA) has selected Saudi Arabia’s ACWA Power as preferred bidder for construction and operation of phase 1 of its…
The Saudi-Chinese Business Forum kicked off in Beijing under the patronage of the Minister of Municipal, Rural Affairs, and Housing, Majid bin Abdullah Al…
Iraq has made strides implementing US dollar supply restrictions targeting Iran but faces an uphill battle with a banking system unaccustomed to strict…