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…
Oil prices slumped on Monday, ending three days of gains, as investors were concerned aggressive US interest rate hikes will weaken the global economy and dent…
Saudi aviation and travel industry companies are leading the way in terms of post-pandemic recovery. At the regional level, the companies…
The Arab Monetary Fund revealed that the banking sector in Arab countries has succeeded in overcoming the repercussions of the coronavirus pandemic without…
China’s oil imports from Saudi Arabia rebounded last month from June, to 6.56 million tons, or 1.54 million bpd, but still slightly below year-ago level, data…
European and US stocks mostly fell Friday, with investors focused firmly on central bank interest rate hikes as the US dollar rallied. After slumping…
Türkiye's lira slid towards an all-time low on Friday as traders continued selling the currency after the previous day's surprise central bank interest rate…
The Riyadh Economic Forum is currently studying the prospects and challenges of the new work system, including flexible and remote employment, given its…
The Central Bank of Egypt (CBE) kept its overnight interest rates steady on Thursday, hours after a new governor was named to replace Tarek Amer, who quit on…
Stocks swung in Asia on Friday as investors tried to assess the Federal Reserve's plans for lifting interest rates to fight inflation, with mixed data and…
Turkey's central bank shocked markets on Thursday by cutting its main interest rate by 100 basis points to 13%, saying it needed to keep driving economic…
Egyptian President Abdel Fattah al-Sisi on Thursday appointed Hassan Abdullah as caretaker governor of the central bank following the surprise resignation of…
Dubai International Airport said the latest figures showed that the traffic volume during H1 2022 represents 67.5% of the its pre-pandemic passenger traffic…
Oil prices rose on Thursday as robust US fuel consumption data and expected falls in Russian supply late in the year offset concerns that a possible looming…
King Abdullah Economic City (KAEC) and SAFEER - a joint venture between TotalEnergies and Altaaqa Alternative Solutions – announced an agreement to provide a…
Saudi Arabia and Uzbekistan signed 13 agreements worth $12 billion, on the sidelines of the visit of Uzbek President Shavkat Mirziyoyev to Saudi Arabia, at the…
The Saudi economy is expected to grow 7.6 percent this year, up from 3.2 percent in 2021, on the back of soaring oil revenues, the International Monetary Fund…
Saudi Ministry of Industry and Mineral Resources announced on Wednesday that 13 bidders have qualified for the second stage of the Umm Ad Damar exploration…
President Abdel Fattah el-Sisi on Wednesday accepted the resignation of central bank governor Tarek Amer and named him a presidential adviser, the Egyptian…
Egypt's Ministry of Trade and Industry will focus on developing the local industry, increasing the proportions of the local component, providing raw materials…
The Central Bureau of Statistics in Sudan said on Tuesday that the annual inflation rate fell for the second month in a row to 125.41 percent in July, compared…
As Saudi Arabia’s holdings of US Treasury bonds rose to more than USD119.2 billion in June, registering an increase of USD4.5 billion from May, the Public…
Ahead of the visit of Uzbek President Shavkat Mirziyoyev to Saudi Arabia, the embassy of Uzbekistan in Riyadh expected a rapid and dynamic development of…
Markets drifted in Asia on Wednesday, with investors trying to navigate an uncertain economic landscape as central banks hike interest rates to fight runaway…
Oil prices rose on Wednesday, recovering from six-month lows hit the previous day, as a larger-than-expected drop in US oil and gasoline stocks reminded…