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…
Saudi Minister of Communications and Information Technology Eng. Abdullah Al-Swaha lauded the launching of the Cloud Computing Special Economic Zone (SEZ ),…
Oil exports from northern Iraq to the Turkish port of Ceyhan remain at a standstill almost three weeks after an arbitration case ruled Ankara owed Baghdad…
The United Arab Emirates awarded ADNOC Drilling a five-year contract to provide integrated drilling services for the development of the Upper Zakum oil field…
Saudi Arabia’s inflation rate dropped to 2.7 % in March, against 3 % recorded in February, according to the latest report released by the General Authority for…
Growth of the real GDP in the Middle East and North Africa (MENA) region is projected to slow this year to 3.1 percent from 5.3 percent in the previous year,…
Prince Mohammad bin Salman bin Abdulaziz, Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs, launched on Thursday…
The inflation rate in the Kingdom remained relatively stable in the first quarter of 2023, reaching 3.4% in January, going down in February to 3%, and standing…
Italy on Thursday vowed a host of investments in Tunisia and help negotiating an International Monetary Fund bailout as Rome seeks to stabilize the North…
Oil prices slipped on Thursday as the prospect of a possible recession in the United States, the world's largest oil consumer, offset concerns of tight supply…
Egypt's cabinet has raised the local wheat procurement price for the 2023 season to 1,500 pounds ($48.5) per ardeb (150 kilograms), it said in a statement on…
ACWA Power has signed water purchase agreements for the 600,000 cubic meter per day Rabigh 4 Independent Water Plant (IWP) in Saudi Arabia. Valued at…
Companies listed in the GCC markets registered record profits last year, achieving remarkable financial results that came in parallel with a significant…
Wind and solar energy represented a record 12% of global electricity generation last year, up from 10% in 2021, a report on Wednesday found. The report by…
China's state-owned oil and gas giant Sinopec will take a 5% stake in Qatar's North Field East expansion, part of the world's largest liquefied natural gas …
The total foreign assets of the UAE Central Bank exceeded $136.1 billion at the end of January for the first time in its history. The data showed that the…
Saudi Arabia topped the G20 countries in the performance of the purchasing managers’ index (PMI) for the non-oil private sector, in January 2023. The…
The Public Authority for Special Economic Zones and Free Zones in the Sultanate of Oman (OPAZ) issued a decision to form an executive committee that would…
The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession…
The UAE telecom-tech giant e& is picking up a majority stake in Careem Super App through a binding agreement with Uber Technologies. Careem’s ride-hailing…
Several informed sources said that the giant Saudi Aramco plans to supply full crude contract volumes loading in May to several North Asian buyers despite its…
Credit reference agencies and financial institutions should cooperate to prevent financial fraud in the Middle East, especially the Gulf countries, which have…
Egyptian Finance Minister Mohamed Maait said there was no alternative to enhancing the contributions of industrial and agricultural production to the structure…
The World Bank's ongoing reform could result in a $50 billion lending boost over the next decade, US Treasury Secretary Janet Yellen told AFP ahead of…
A Saudi official revealed a plan to expand the tourism sector and attract domestic and foreign investment, noting that the Ministry of Investment will soon…