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…
Sudan on Tuesday signed a preliminary agreement with a group led by the UAE's AD Ports Group and Invictus Investment to build and operate the Abu Amama port…
The Saudi Public Investment Fund (PIF) is seeking to diversify opportunities within its portfolio, and contribute to projects for the development of clean…
Egypt’s Minister of Public Enterprise Mahmoud Esmat revealed on Monday that the ministry has completed several studies on establishing new factories in sectors…
The value of investments in the Saudi industrial sector amounted to 1.3 trillion riyals ($346.6 billion), with the imminent activation of the Kingdom’s…
The Council of Arab Economic Unity (CAEU) kicked off in Khartoum on Monday its 144th session with the participation of Arab ambassadors, representatives of…
The Saudi Tourism Development Fund (TDF) launched on Monday the AWN Tourism and Hospitality program to support small and micro tourism businesses in the…
Libya is producing about 1.2 million barrels per day of oil, oil minister Mohammed Aoun told reporters on the sidelines of an OAPEC meeting on Monday. "We…
Saudi Aramco’s wholly-owned subsidiary Aramco Gulf Operations Company signed on Saturday a memorandum of understanding (MoU) with state-owned Kuwait Gulf Oil…
Oil prices fell on Monday, deepening a multi-week decline, as a weakening global economy offset supply woes stemming from the closure of a key pipeline…
The General Authority for Statistics announced on Sunday that Saudi Arabia’s economy grew by 8.8 percent in the third quarter of 2022. This growth was…
Saudi Arabia has spent 5.1 billion riyals ($1.4 billion) in incentives to boost its local military industry over the last two years, the governor of the sector…
Saudi Energy Minister Prince Abdulaziz bin Salman said that the OPEC+ operated according to a purely economic perspective, without entering into political…
The sales of aviation fuel in Oman increased by 104% to reach 2.52 million barrels, and its production increased by 34.4% to reach 6.38 million barrels by late…
The OPEC+ alliance plays an instrumental role in supporting market stability, said OPEC Secretary General Haitham Al Ghais on the sixth anniversary of the…
Six months after Algeria cut ties with Spain following a spat over the disputed Western Sahara, trade between the two countries remains paralyzed, said an…
Saudi Energy Minister Prince Abdulaziz bin Salman said on Sunday that the ongoing global developments have proven that OPEC+ has taken the right decision. …
Syria's nose-diving pound hit a new record low Saturday against the dollar on the black market, according to websites monitoring the exchange rate, as the…
With the conclusion of Chinese President Xi Jinping’s official visit to Saudi Arabia, major Saudi companies working in the field of energy, chemicals and…
The United Arab Emirates has issued a decree-law imposing a corporate tax at a 9 percent rate for taxable business income exceeding 375,000 dirhams ($102,000)…
Egypt's annual urban consumer inflation rate rose from 16.2 percent in October to 18.7 percent in November, the country's Central Agency for Public…
Saudi Aramco and Shandong Energy Group are exploring collaboration on integrated refining and petrochemical opportunities in China, the Saudi Arabian Oil…
Saudi Arabia and China reaffirmed the significance of stability in global oil markets and the Saudi role in that, a joint statement said on Friday, following…
Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, approved Dubai’s budget for 2023-2025 with a total…
The Federation of Saudi Chambers (FSC) said the volume of trade exchange between Saudi Arabia and China between 2017 and 2021 amounted to SAR1.2 trillion ($320…