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…
Oil prices stayed steady on Friday with Brent poised for its first monthly gain this year, as a big drawdown in US oil stocks outweighed concerns that fuel…
The International Monetary Fund (IMF) has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement, the lender said, a decision long…
Without reforms, Lebanon will continue to see triple-digit inflation, and public debt in the small, crisis-ridden country could reach nearly 550% of GDP by…
A consortium consisting of Japanese Toyota Tsusho, French TotalEnergies Renewables, and Saudi Altaaqa Renewable Energy (a Zahid Group company) has completed a …
The Saudi government is leading a shift in food production that can effectively address climate change, while ensuring a sustainable future for agriculture. …
Pakistan and the International Monetary Fund are discussing a $2.5-billion "standby arrangement" for six to nine months, domestic newspapers said on Wednesday,…
US President Joe Biden will use what aides are billing as a major speech on Wednesday to lift Americans' dour mood about the economy, hoping to shore up his…
Saudi Arabia intends to launch an innovative challenge for the participants of the 14th edition of the annual meeting of the New Champions of the World…
Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz has unveiled that significant transformations are expected to occur in the electricity service…
Türkiye's lira was mostly flat on Tuesday, after touching a new record low overnight, while bankers said the central bank's net reserves had marked their…
National banks in the UAE have increased their credit financing provided to the business and industrial sectors by 40.6 billion dirhams ($10.8 billion) or 5.8%…
Oman’s Ministry of Energy and Minerals has signed a concession agreement in the mining sector for the exploration and mining of potash ore. Oman News…
Saudi factories are competing to exceed the assessment of the global Smart Industry Readiness Index (SIRI), focused on the transitioning to the Fourth…
Oil prices edged higher on Tuesday, spurred by worries about political instability in Russia and possible supply disruptions, as well as US demand hopes ahead…
Saudi Aramco believes market fundamentals remain "sound" for the second half as demand from emerging markets led by China and India will offset recession risk…
The Turkish lira slid as much as 3% to a record low against the dollar on Monday, after the central bank took steps to simplify policy, while an official and…
The Oman Investment Authority (OIA) announced the allocation of 100 million Omani riyals (about $260.8 million) to support the Muscat Stock Exchange through…
The UAE's GDP in 2022 at constant prices totaled AED1.62 trillion ($440 billion), achieving a positive growth of 7.9%, while totaling AED1.86 trillion ($506…
Saudi energy firm ACWA Power recently announced its attainment of a 3-year renewable credit facility agreement with China Construction Bank. This agreement…
Oil was slightly higher on Monday and the rouble lower as an abortive weekend mutiny by Russian mercenaries raised questions about Russian stability and crude…
The world's central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy…
Saudi Aramco and France's TotalEnergies awarded Engineering, Procurement, and Construction (EPC) contracts for the $11 billion "Amiral" complex, a…
Oman’s GDP at current prices increased by 7.4% at the end of Q1 2023, according to the preliminary data issued by the National Center for Statistics and…
Some investors were watching for ripple effects from an aborted mutiny in Russia on Saturday, expecting a move into safe havens such as US government bonds and…