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 Arabia is seeking to localize some pharmaceutical industries and medical supplies, and transfer knowledge to the local market. To that end, the…
The Saudi Central Bank (SAMA) announced on Wednesday that the Basel III reforms would come into force in the Kingdom’s banking sector in January 2023. “The…
The Saudi Council of Ministers approved on Tuesday the Energy Supply law, which complements the sector’s legislative system based on the best international…
Official statistics revealed that the operating revenues of the business sector in Saudi Arabia in 2022 exceeded 4 trillion riyals ($1 trillion). Data…
The Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla said on Wednesday that Egypt’s output of petroleum products amounted to around 79.5 MT…
A joint Saudi-Omani-Kuwaiti coalition was established on Wednesday in Muscat. The coalition seeks to develop a petrochemical complex that meets the growing…
Iraq’s prime minister has ordered a crackdown on local businesses operating under the names of international brands without legal permission, his office said…
The United Arab Emirates published on Tuesday the world’s first national regulation related to vertiports to support rapid developments and continued worldwide…
Saudi Arabia's ACWA Power has signed power purchase agreements (PPAs) and investment agreements (IAs) with Uzbekistan’s government to develop the 1.5GW Kungrad…
Egypt has set a new international tender for oil and gas exploration rights in the Nile Delta and Mediterranean sea, the petroleum minister announced on…
Russia on Tuesday banned oil sales to countries and companies that comply with a price cap agreed by Western nations, briefly helping to lift crude prices. …
Oil hit a three-week high on Tuesday as China's latest easing of COVID-19 restrictions spurred hopes of a fuel demand recovery, with further support coming…
Official information revealed that higher authorities have approved the organizational arrangements for a new center for economic zones in Riyadh. The Royal…
The Saudi-Japanese Investment Forum in Riyadh resulted in the signing of 15 agreements covering technology, artificial intelligence, industry and clean energy…
There is a saying, "When the US economy sneezes, the emerging markets get a cold." The global economy now may be more complex: it is more resilient in terms of…
Tunisia expects inflation to average 10.5% in 2023, up from 8.3% expected for 2022, as inflationary pressures continue to increase, economy minister Samir…
Preparations are underway in Riyadh to host the Energy Economics Conference, which is being organized by the International Association for Energy Economics …
The Saudi Ministry of Tourism issued on Sunday 10 new regulations to keep pace with the Kingdom’s development as part of effort to provide an attractive…
Real estate sale transactions in the GCC over Jan-Oct 2022 reached $143.1 billion, eclipsing the full-year figure of 2021, which was $136.9 billion. …
Egyptian Minister of Trade and Industry Ahmad Samir said his country is seeking to launch industrial partnerships with Saudi Arabia in a number of productive…
Saudi Arabia seeks to transform Makkah Al-Mukarramah and Al-Madinah Al-Munawwarah in the west of the Kingdom into a center for financial and business…
Saudi Arabia and Japan signed a memorandum of cooperation (MoC) on Sunday in the fields of the circular carbon economy, carbon recycling, clean hydrogen and…
Egypt is targeting GDP growth at 5.5% in fiscal year 2023/24, its Finance Minister Mohamed Maait said in a circular on Saturday. The circular covers the…
Al-Shawamikh Oil Services received on Saturday the first batch of environmentally friendly bio-fuel (bio-diesel) from Wakud International, the first bio-fuel…