Central bankers around the world would need to consider any slowdown in AI-driven growth as they assess steps in their fight against inflation, International…
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…
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…
Saudi Aramco and TotalEnergies have signed an $11 billion contract to start building a new petrochemicals complex in Saudi Arabia, the two companies said in a…
UAE’s ADNOC Drilling confirmed being awarded five 10-year contracts, totaling 7 billion dirhams ($2 billion), in support of ADNOC Offshore’s growing drilling…
The FATF international financial crime watchdog did not put Lebanon on its "grey list" of countries facing special scrutiny according to a statement on Friday…
Türkiye’s lira weakened as much as 3.3% to a record low on Friday, extending losses a day after the central bank's large rate hike failed to assure markets…
Tunisia is working with the International Monetary Fund on a "fair" economic reform program that takes account of vulnerable groups, central bank governor…
Saudi Commerce Minister Majid Al-Qasabi emphasized on Friday that the Cabinet’s approval of Saudi Arabia’s accession to the UN Convention on Contracts for the…
Despite global challenges and threats to life and the planet, Saudi Arabia has introduced numerous initiatives that tackle these issues and offer solutions. …
The dollar drew support from a bout of risk aversion on Friday as hawkish comments from global central banks, including the Federal Reserve, stoked fears that…
Dubai’s Department of Economy and Tourism (DET) has signed a Memorandum of Understanding (MoU) with Mastercard, a global leader in payment innovation and…
The World Bank Group has lent Tunisia $268.4 million to finance an electrical interconnection project with Italy that will link the energy networks between…
Egypt's development partners should show understanding of the economic pressures it is under as it pursues development plans and tries to manage a growing debt…
Türkiye’s central bank delivered a large interest rate hike Thursday, signaling a shift toward more conventional economic policies to counter sky-high…
The Central Bank of the UAE has maintained its growth forecast for the national economy unchanged at 4.3% for 2024. In its quarterly economic review, the…
Global Economic Challenges Impacted Development in Low-income Countries, Says Saudi Finance Minister
Saudi Minister of Finance Mohammed Al-Jadaan said that the global economy is facing multiple challenges, with the most impacted being the poorest countries,…
Saudi Arabia’s Ministry of Industry and Mineral Resources has granted an industrial license to Ceer, the first local electric vehicle (EV) brand. The EV…
No sooner had Saudi Crown Prince Mohammed bin Salman announced in October 2021 Riyadh’s bid to host Expo 2030 that preparations for the nomination began with…
The summit for a New Global Financing Pact, held in Paris for two days starting on June 22, gathers 50 heads of state and government, along with numerous…
The World Bank will allow countries hit by disasters to pause repayments on loans to the multilateral lender, the Financial Times reported on Thursday. World…
The Minister of Industry and Mineral Resources Bandar Alkhorayef inaugurated the first edition of the "Saudi Food Show 2023" at the Riyadh International…
Morocco's central bank paused its monetary tightening on Tuesday and kept its benchmark interest rate at 3%, following three consecutive hikes to curb…
Representatives of the 170 member-states of the Bureau International des Expositions (BIE) gathered in Paris on Tuesday for the announcement of the findings of…
Digital currencies strengthen the resilience and efficiency of payment systems but if poorly designed, they could also lead to financial stability and…
Qatar has secured a second huge gas supply deal with a Chinese state-controlled company in less than a year. Qatar sealed a 27-year agreement with China…