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…
OPEC Secretary-General Haitham al-Ghais stressed the importance of increasing investments in the oil sector to avoid any future volatility in the oil markets. …
Egypt and Saudi Arabia signed on Tuesday a memorandum of understanding for the implementation of a 10 gigawatt wind electric power project in Egypt. The MoU…
Lebanon has stepped back from plans to slash its 25-year-old official exchange rate with one closer to the market rate, ministerial and political sources said…
Annual inflation in Türkiye continued to rise in October, official figures showed Thursday, pushing the price of essential goods higher and amplifying a cost…
Americana Restaurant International, the largest quick service restaurant operator in the MENA region, announced Wednesday its plans to sell 30 percent of its…
Minister of Industry and Mineral Resources Bandar Al-Khorayef has opened the Saudi Pavilion at the International Mining and Resources Conference (IMARC) held…
NEOM, the smart and sustainable regional development in northwest Saudi Arabia, announced Wednesday a $175 million investment in Volocopter, the pioneer of…
The gap between the official and black market price of dollars in Egypt has narrowed significantly since the central bank announced a flexible exchange rate…
Director-General and Chairman of the Board of Directors of the Arab Monetary Fund (AMF) Abdul Rahman Al-Hamidy revealed efforts aimed at reaching a unified…
Environmental initiatives and programs, including the Green Saudi Arabia and the Green Middle East initiatives, as well as the carbon circular economy and…
Saudi Arabia and Germany discussed industrial cooperation, especially in the automobiles, medical technology, and artificial intelligence sectors, at the Saudi…
The world must act swiftly to invest in oil to prevent future energy emergencies as global demand for the hydrocarbon grows in the long term, Organization of…
The United Arab Emirates and the United States have reached an agreement to spend $100 billion on clean energy projects with a goal of adding 100 gigawatts…
Saudi Energy Minister Prince Abdulaziz bin Salman stressed that Saudi Arabia and the UAE were working to increase production capacity, enhance refining volume,…
Greek Minister of Development and Investment Adonis Georgiadis said the diversification of energy sources was the European Union’s most important priority. …
The World Bank confirmed that Saudi green initiatives will grow the region's economy to $13 trillion by 2050. This came at a time the international financial…
Gulf Arab oil exporters are expected, on average, to put away about 33 percent of their oil revenues over 2022-26, which will lead to an overall improvement in…
Egypt's gas revenues are expected to reach $12 billion, and about $7 billion from oil derivatives and petrochemicals, announced petroleum minister Tarek el…
Saudi Arabia announced that the country has recorded more than $253 billion increase in its general budget in the third quarter of 2022, recording a surplus of…
Saudi Aramco on Tuesday posted a 39-percent jump in third-quarter profits year on year, the latest financial results boosted by higher oil prices and volumes…
Saudi Arabia's gross domestic product expanded by 8.6% in the third quarter compared with the same period in 2021, according to initial government estimates on…
QatarEnergy is in talks with the Lebanese government to acquire a 30 percent stake in an offshore exploration area and is also negotiating with TotalEnergies…
Emirati Minister of Energy and Infrastructure Suhail al-Mazrouei said the ministry intends to start revising its energy strategy at the beginning of 2023 to…
Saudi Arabia announced five new mining opportunities for exploration sites across the Kingdom that contain copper, zinc, silver, and lead for local and foreign…