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 reduction in oil production targets more spare capacity in case of any global emergency, OPEC's Secretary-General Haitham al-Ghais has announced. The 13…
The Public Investment Fund (PIF) announced on Thursday its first-ever bond issuance — the century green bond — raising $3 billion to finance or refinance PIF…
Oil prices have stabilized near the highest level in three months, after OPEC+ key ministers agreed oil production cuts of 2 million barrels per day. This is…
Lebanese banks have unanimously decided to close their doors to clients indefinitely after a series of holdups by depositors seeking funds frozen in the…
Saudi Arabia’s Ministry of Economy and Planning (MEP) has signed a memorandum of understanding (MoU) with the Saudi Economic Association to boost cooperation…
Algeria's Sonatrach and Spanish power group Naturgy have signed a deal revising the prices of long-term gas export contracts, Ennahar tv reported on Thursday. …
Energy security is essential for social, economic and climate progress, said Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Managing…
The Saudi government offers a host of comparative advantages for military sector investors. From easy procedures to visas and licenses, Saudi authorities are…
In a nearly-hour long conference, Saudi Energy Minister Prince Abdulaziz bin Salman, who also chairs the OPEC+ joint ministerial committee, tackled world-press…
The OPEC+ alliance of oil-exporting countries decided Wednesday to sharply cut production to support sagging oil prices. Energy ministers cut production by…
Saudi Crown Prince Mohammad bin Salman has given orders to exploit global economic opportunities following the COVID-19, Public Investment Fund (PIF) Governor…
Sudanese authorities announced the reduction of fuel prices following their monthly review of local production and developments in global oil production. …
Saudi Minister of Commerce Majid al-Qasabi has stressed the need for business owners to draw up a clear roadmap for economic relations between Saudi Arabia and…
Saudi Arabia is on its way to becoming a global supplier of hydrogen and a hub for green minerals and highly competitive manufacturing. Deputy Minister of…
The Saudi Ports Authority (Mawani) has signed a contract with Globe Group, the national leading company in marine services, to develop a 135,000 m2 integrated…
Saudi Aramco Chief Executive Amin Nasser on Tuesday said that spare capacity in the oil market stands at 1.5% of global demand, adding that providing a buffer…
Saudi Arabia’s Minister of Commerce Dr. Majid al-Qasabi held talks with his Moroccan counterpart Ryad Mezzour in Rabat on Monday. They signed two…
The Saudi government has stopped referring investors to its unified national platform after transferring all the Kingdom’s services to the Saudi Business…
Saudi Arabia concluded a memorandum of understanding with the International Monetary Fund (IMF) to establish a regional office in Riyadh, which would boost its…
Oil prices jumped by more than $3 on Monday as OPEC+ considers reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would…
Noura Al-Subaie, an employee in the education sector, paid a deposit to book her new car, which was expected to be delivered in a two-month period. However,…
The International Forum for the Sustainability of Saudi Coffee highlighted the Kingdom’s potentials to be a global hub for the trade and manufacture of coffee…
Dr. Dalia Samra-Rohte, Delegate of German Industry & Commerce for Saudi Arabia, Bahrain and Yemen, said that the German-Saudi Arabian Liaison Office for…
Türkiye’s annual inflation reached a new 24-year high of 83.45% in September, according to official data on Monday, pushing the cost of essential goods higher…