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…
Lebanon's longtime central bank governor Riad Salameh defended his record on Wednesday in a televised interview just days before he is set to leave office,…
The preliminary results of the UAE Government Finance Statistics Report for the first quarter of 2023, published by the Ministry of Finance, revealed that the…
The global economy is headed in the right direction with stronger growth and lower inflation, the International Monetary Fund (IMF) said in a new report…
Kuwait recorded its first budget surplus in nine years in the last fiscal year, the finance ministry said on Wednesday, as a rebound in oil prices drove up…
The Saudi government is moving towards developing investment in the automotive industry and autonomous vehicle technology. The Saudi Ministry of Investment…
An international alliance in Abu Dhabi stressed the urgent need to develop and deploy cutting-edge solar power solutions at scale, upgrade infrastructure and…
The Saudi trade balance achieved a surplus of $7.7 billion in May, for the 36th consecutive month, as merchandise exports declined to $25.8 billion, compared…
Oil prices eased on Wednesday off three-month highs as industry data showed a stock build in US crude inventories and investors remained cautious ahead of a…
Kuwait National Petroleum Company (KNPC) posted profit of 1.016 billion dinars ($3.31 billion) in the year ended March 31, its highest ever, state news agency…
The Iraqi dinar continued to fall against the US dollar, despite the government’s vigorous measures. This decline negatively affected commercial transactions…
Following a decision to approve the establishment of the Center for Infrastructure Projects in Riyadh, the Saudi government has set appropriate mechanisms that…
BRICS’ New Development Bank (NDB) has elected Thuraiya Hamid Alhashmi, Director of International Financial Relations and Organizations Department at the UAE…
Economic analysts have emphasized that Saudi Arabia’s expected move to join the BRICS group as an observer will grant the Kingdom the ability to participate in…
The performance indicators of Saudia Airlines and Flynas revealed an increase in air traffic by more than 22.7 million local and international passengers,…
The Public Investment Fund (PIF) announced on Sunday the establishment of Al Madinah Heritage Company (MHC), reported the Saudi Press Agency. The new…
Local banks listed on the Muscat Stock Exchange (MSX) during the first half of this year recorded record results, with net profits rising to OMR235.3 million (…
Dr. Sultan bin Ahmed Al Jaber, the United Arab Emirates’ Minister of Industry and Advanced Technology, and COP28 President-Designate, urged countries to join…
Türkiye has raised the euro-lira conversion rate for medicine prices by 30.5% to 14.0387 lira per euro, the country's Official Gazette showed on Sunday. The…
Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Haitham Al Ghais predicted a 23% surge in energy demand by the year 2045…
The competent organizations of the Arab League approved an initiative prepared by the Arab Organization for Agriculture Developments (AOAD) to address…
Ibrahim Ahmed Al-Dukhairi, Director General of the Arab Organization for Agricultural Development (AOAD), said that the competent organizations of the League…
Turkish President Recep Tayyip Erdogan said that his country would strengthen its cooperation with Gulf countries, noting that relations between Saudi Arabia…
Current actions by OPEC+ to support the oil market are sufficient for now, UAE Energy Minister Suhail al-Mazrouei said on Friday, and the group is "only a…
Saudi Aramco announced Friday that it has successfully closed a landmark transaction to acquire a 10% interest in China’s Rongsheng Petrochemical Co. Ltd. for…