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 Investment Minister Khalid al-Falih concluded a visit to Türkiye during which he agreed with Turkish officials to expand the export and import movement…
Saudi Arabia and Kyrgyzstan aim to boost their comprehensive partnership amid plans to increase economic, trade, and investment cooperation in infrastructure,…
Saudi environmental officials revealed that violations have resulted in an estimated annual loss of SAR 86 billion ($23 billion) and pointed to security…
Tunisia expects to reduce its fiscal deficit to 5.5% next year from a forecast 7.7% this year, driven by austerity measures that could pave the way for a final…
Saudi Arabia and Türkiye affirmed that a current opportunity is present for improving and accelerating joint activities, increasing investments, and raising…
Saudi Arabia’s Crown Prince Mohammed bin Salman has announced the launch of the National Intellectual Property Strategy to support the Kingdom’s economy based…
Russia may cut oil output by 5%-7% in early 2023 as it responds to price caps on its crude and oil products by halting sales to the countries that support them…
The World Bank's executive board has approved $500 million in development financing for Egypt to expand its social safety net and protection program in the…
Oil prices rose more than $1 on Friday on expectations of a drop in Russian crude supply, which helped offset worries of a hit to US transport fuel demand…
Egypt's central bank hiked overnight interest rates by 300 basis points on Thursday, warning that inflationary pressures were building, Reuters reported. …
The value of Saudi oil exports during October 2022 reached 95.8 billion riyals ($25.5 billion), compared to 82.1 billion riyals ($21.9 billion) during October…
Kuwait’s National Assembly on Wednesday approved the proposal to amend the Public Authority for Housing Welfare Law in its first reading with 48 votes in favor…
Saudi Arabia’s Hassana Investment Company announced on Wednesday an investment of $2.4 billion in three of DP World’s flagship UAE assets. The investment…
The Saudi Central Bank (SAMA) has called on local banks to facilitate and speed up the procedures for opening accounts for foreign companies, in order to…
Saudi Minister of Finance Mohammed Al-Jadaan met on Tuesday with Chancellor of the Exchequer Jeremy Hunt in London, reported the Saudi Press Agency. The…
Egypt’s Minister of Trade and Industry Ahmed Samir inaugurated on Tuesday the 13th Kuwait Week Exhibition in Cairo. More than 60 major Egyptian and Kuwaiti…
Oman is forecasting a 1.3 billion rials ($3.39 billion) deficit in its 2023 budget, or 3% of the gross domestic product, following an expected surplus this…
Kenyan Minister of Trade and Industry Moses Kiarie and an accompanying delegation of Kenyan institutions and companies have met with representatives of the…
Saudi Arabia's Public Investment Fund (PIF) has acquired a 30% stake in cooling company Saudi Tabreed through a private placement of shares, according to a…
Riyadh and Paris have discussed medical cooperation and available investment opportunities in the healthcare sector at a meeting of the Saudi-French Business…
Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz Al Saud stressed on Tuesday that OPEC+ members leave politics out of the decision making…
At a time when Finland is looking forward to maximizing its strategic partnership with Saudi Arabia, a Finnish diplomat revealed that Helsinki is looking to…
The UAE’s central bank expects real gross domestic product growth of 7.6 percent this year from its previous forecast of 6.5 percent, citing stronger…
Saudi Arabia’s crude oil exports rose for a fifth straight month in October to the highest in 30 months, the International Energy Forum (IEF) said on Monday,…