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…
Türkiye’s lira hit a fresh record low of 18.85 against the dollar in early trade on Monday as a strong greenback and geopolitical risks weighed on the currency…
A contraction in Egyptian non-oil private sector activity entered its 26th straight month as high inflation and a continued shortage of foreign currency…
UAE, France and India announced on Saturday a formal trilateral cooperation initiative with the aim of expanding cooperation in several areas of mutual…
Saudi Arabia and Oman on Saturday signed an executive program in the field of communications, information technology infrastructure and submarine…
Saudi Energy Minister Prince Abdulaziz bin Salman reiterated on Saturday that OPEC+ does not interfere in politics. "We are a responsible group of countries…
Saudi Arabia’s “Arheb” transportation platform will connect drivers and passengers wishing to travel together between the country’s governorates and cities, in…
Drydocks World, a DP World Company, and Aker Solutions have formed a joint venture to upgrade a Floating Production Storage and Offloading (FPSO) vessel for…
The Abu Dhabi National Oil Company (ADNOC) has signed agreements with at least 23 leading domestic and international companies for manufacturing opportunities…
Turkish annual inflation dipped to 57.68% in January, official data showed on Friday, but was well above forecasts despite a favorable base effect that is…
Saudi Energy Minister Prince Abdulaziz bin Salman held talks in Riyadh on Thursday with French Foreign Minister Catherine Colonna, who was on an official visit…
The majority of central banks in the Gulf region raised the main interest rates on Thursday, following a decision by the US Federal Reserve to raise its key…
Saudi Arabia has inaugurated on Thursday the first electric public transport bus in the Kingdom in the city of Jeddah. The step comes as part of its efforts to…
The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, issued on Thursday a royal order appointing Ayman bin Mohammed bin Saud Al-Sayyari as…
The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed a partnership agreement to establish, develop and operate 14 warehouses with…
The Saudi Public Investment Fund (PIF) announced a joint venture agreement with AeroFarms, a US-based commercial market leader in vertical farming, to…
Morocco's Minister of Industry and Trade, Ryad Mezzour, said Tuesday that Morocco's industrial exports should reach 360 billion dirhams ($36 billion) in 2022. …
The Egyptian Cabinet approved on Wednesday 13 draft agreements between the Egyptian General Petroleum Corporation, the Egyptian Natural Gas Holding Company,…
Saudi Arabia and Oman announced on Wednesday that they signed 13 investment MoUs between the their private and public sectors with a value exceeding one…
Eurasian Resources Group (ERG) has announced its intention to invest in the Kingdom’s mining sector for the long term to expand its presence in the region. …
Saudi Arabia registered an 8.7% economic growth in 2022, the General Authority for Statistics (GASTAT) said on Tuesday. The real GDP of the Kingdom during…
Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below…
The UAE and France agreed to launch a bilateral program that combines French and Emirati expertise to develop commercial and investable opportunities that…
The Industrialization and Energy Service Company (TAQA) announced the closure of its 100 percent acquisition of al-Mansoori Petroleum Services, expanding TAQA…
OPEC oil output fell in January, a Reuters survey found on Tuesday, as Iraqi exports declined and Nigerian output did not recover further while Gulf members…