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…
The Federation of Saudi Chambers (FSC) and the Small and Medium Business Development Agency in Azerbaijan signed on Monday an agreement to establish a joint…
European Union energy ministers on Monday agreed a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it…
Oman inaugurated on Sunday the Oman Oil Marketing Company (OOMCO) Marine bunker fuel terminal worth OMR11 million at the Port of Duqm. OOMCO Marine is the…
Saudi Arabia and China intend to explore cooperation opportunities in refining and petrochemical projects after the significant energy companies signed…
The Gulf Cooperation Council (GCC) total international merchandise trade movement reached $1.146 trillion, compared to $840.7 billion in 2020, an increase of…
Jordan's Ministry of Energy and Mineral Resources and the Arab Mining Company signed Sunday two memoranda of understanding (MoU) to excavate lithium in Wadi…
Oman’s production of crude oil and condensate oil increased by 10.4 percent to reach 323.73 million barrels by late October 2022 compared to October 2021,…
Eastern Africa’s Zanzibar is transforming from the largest slave trade center in the world into the largest African center for economic tourism with it…
The new International Monetary Fund (IMF) $3 billion financial support package for Egypt aims to reduce government debt to less than 80% of gross domestic…
The Saudi Ministry of Industry and Mineral Resources and the Saudi Authority for Industrial Cities and Technology Zones (MODON) signed a Memorandum of…
Saudi Minister of Energy Prince Abdulaziz bin Salman, Minister of Investment Khalid al-Falih, and the National Center for Industrial Development CEO, Abdul…
Abdulla Al-Moayed, CEO and founder of the Dubai-based fintech company Tarabut Gateway, revealed that open banking has become a strategic option for growing…
The International Monetary Fund (IMF) executive board has approved a 46-month $3 billion financial support package for Egypt, saying it will catalyze…
In line with the Green Saudi Arabia and Green Middle East initiatives launched by Saudi Crown Prince Mohammed bin Salman bin Abdulaziz, official statistics…
Saudi Aramco and TotalEnergies will join forces to build a new petrochemicals complex in Saudi Arabia, the two companies said in a joint statement on Thursday…
Saudi Arabia delivered on Wednesday the world’s first commercial shipment of certified clean blue ammonia to South Korea. SABIC Agri-Nutrients and Saudi…
Moody’s said that the Saudi economy grew by 10.2 % during the first nine months of 2022. Experts confirmed to Asharq Al-Awsat that the government’s programs…
The US Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to…
Saudi Aramco is intending to fund the development of the Jafurah gas field, one of the largest in the world, at a cost of $110 billion. Planned to start…
United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan inaugurated on Tuesday the Khalifa Port expansion project at a total investment of AED4…
Egypt concluded an agreement with Greece Tuesday to establish a subsea cable linking the two countries across the Mediterranean. Telecom Egypt, the first…
Iraq, a top oil exporter battered by climate change impact, must diversify its economy and pursue a “greener growth model,” the World Bank said Tuesday. In…
A recent Saudi study revealed that economic transformation programs and initiatives included in Saudi Arabia’s Vision 2030 have generated prospects for more…
OPEC on Tuesday said it expected to see robust global oil demand growth in 2023 with potential economic upside coming from a relaxation of China's zero-COVID…