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’s Investment Minister Eng. Khalid Al-Falih revealed that the Kingdom’s Gross Domestic Product (GDP) has surged by an extraordinary 66% in the last…
The Chief Executive Officer of the Saudi Geological Survey (SGS), Eng. Abdullah bin Muftar Al-Shamrani, revealed that there are approximately 400 license…
The Saudi Ministry of Investment organized on Monday in Sao Paulo the Brazilian-Saudi Investment Forum, which saw the signing of many memoranda of…
ACWA Power has declared its continued dedication to localizing the renewable energy sector in Saudi Arabia through extensive plans and strategies aligned with…
Saudi Arabia has achieved 96% of the targets set by the “Connect 2030” program, established by the International Telecommunication Union. This program aims to…
Global space technology companies are eager to invest and form partnerships with Saudi counterparts as the Kingdom strengthens its strategic focus on…
Saudi Arabia was the top importer of Jordanian exports, with a total value of $485.81 million during the first five months of 2023. The Kingdom…
Saudi Arabia's financial results of listed petrochemical and cement companies have experienced a decline in the first half of 2023. Economic analysts attribute…
China hopes France can "stabilize the tone" of EU-China relations, vice-premier He Lifeng told his French counterpart in Beijing on Saturday, as European…
The United Arab Emirates has temporarily banned rice exports and re-exports for four months as of Friday. The decision included banning the export and re…
Russian Energy Minister Nikolay Shulginov announced on Thursday a partnership with Algeria to produce two million cubic meters of gas daily. Meanwhile,…
Fourteen Iraqi private banks hit with curbs by the United States over allegedly helping siphon US dollars to Iran said on Wednesday they were ready to…
The Human Resources Development Fund (HADAF) in Saudi Arabia spent more than $1.2 billion to support training and empowerment in the labor market during the…
The Arab Investment and Export Credit Guarantee Corporation (Dhaman) said on Thursday that foreign direct investment (FDI) projects to the Arab region…
Kuwait’s Oil Minister Saad Al Barrak told Sky News Arabia on Thursday his country will start drilling and begin production at the Durra gas field without…
Saudi Arabia has resumed its process of raising the repurchase agreement rate, “repo”, by 25 basis points to 6%, and increasing the reverse repurchase…
Turkish President Recep Tayyip Erdogan named three deputy governors to the central bank, the country's official gazette said on Friday, a day after the bank…
The Public Investment Fund (PIF) announced on Thursday the establishment of the Saudi Tourism Investment Company (Asfar) to support the growth of the country’s…
Saudi Arabia attracted SAR 8.1 billion ($2.1 billion) in foreign direct investment in the first quarter of 2023, marking a 10.2 percent growth year-on-year …
A group of 14 private Iraqi banks sanctioned by the US Treasury Department warned of "negative consequences" by depriving them of dealing in dollars. The…
Smartenergy intends to expand in Egypt by producing green hydrogen in a project of initial value worth one billion dollars, said well-informed sources. …
The Saudi Public Investment Fund (PIF) signed a Memorandum of Understanding (MoU) with the Oman Investment Authority (OIA) to expand cooperation and investment…
Brazilian Investment Bank “BTG Pactual” is gearing up to commence its operations in Saudi Arabia after obtaining a banking license in the Kingdom. Mario…
In response to the surging demand for artificial intelligence, anticipated to play an ever more crucial role in propelling the future of the Saudi economy, the…