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 UAE launched on Wednesday the national program to accelerate the pace of technological transformation in priority sectors. This comes as part of the…
Egypt witnessed the signing of bilateral agreements and partnerships between Nigerian and Egyptian businessmen during the Egyptian-Nigerian Economic…
Oil futures fell on Wednesday as a gloomy economic outlook and a strong dollar outweighed supply concerns stemming from last week's OPEC+ cut to its production…
Frustrated motorists queued in long lines outside Tunisian petrol stations on Tuesday even after the energy minister had said a shortage would end on Monday…
Egypt’s trade deficit declined by 28.7% year-on-year (YoY) in July, according to data released on Tuesday by the Central Agency for Public Mobilization and…
The International Monetary Fund (IMF) confirmed its economic growth forecast for Saudi Arabia for the current year at 7.6 percent, the exact forecasts for July…
The European Union's energy commissioner hailed a "long-term strategic partnership" with Algeria Tuesday as the bloc turns to Africa's biggest gas exporter to…
Saudi Arabia and Oman seek to boost their cooperation in several digital fields to develop their economies, governments, and talents and unifying efforts to…
Egypt’s annual urban consumer inflation rose to 15% in September, its highest in four years, data from the country’s statistics agency CAPMAS showed on Monday…
The Saudi industrial production index (IPI) has continued its upward growth since May 2021, after negative growth rates in 2019 and 2020 that were caused by…
Most markets fluctuated in Asian trade Tuesday as traders grow increasingly fearful that more big interest rate hikes will tip economies into deep recessions,…
The cabinet of the United Arab Emirates, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai,…
World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of global…
Tunisia only has enough petrol to last a week, a senior official in the labor union said on Monday, but the energy minister said a new tanker was unloading and…
Saudi Arabia’s General Authority for Statistics (GASTAT) issued on Monday the Industrial Production Index for August 2022, saying IPI increased by 16.8%…
The Saudi gold market is witnessing a stable supply amid increased demand, high market availability, and gold prices moving in unstable ranges due to the…
The Saudi Authority for Industrial Cities and Technology Zones (MODON) constructed 52 new ready-made factories in the Second Industrial City in Dammam and the…
Oil prices fell on Monday, snapping five days of gains, as investors took profits after a report on slowing economic activity in China, the world's biggest…
Saudi Arabia Railways (SAR) launched on Sunday a new railway service linking the north and east networks, passing through Jubail Industrial City to ship…
The Saudi Ports Authority (MAWANI) has signed two contracts worth more than 640 million riyals ($170.3 million) to deepen and establish new wharves at Jeddah…
Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), said that the world was going through a delicate…
Battered by a series of scandals, rumors of financial trouble and plunging shares, Credit Suisse is preparing "transformation plans" to restore confidence in…
Minister of State for Foreign Affairs Adel al-Jubeir has said Saudi Arabia does not politicize oil and the shortage is not related to the fundamentals of crude…
Saudi Minister of Investment Khalid al-Falih held talks at the Federation of Saudi Chambers headquarters with the chairman and members of the Saudi-Qatari…