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 Agthia Group said that the total value of the acquisitions it carried out in 2021 exceeded AED2.3 billion ($626 million), adding that it is working on…
The Ministry of Environment, Water and Agriculture (MEWA) stated that the Kingdom’s agricultural gross domestic product (GDP) rose 7.8% to SAR72.25 billion (…
Saudi authorities have ordered pharmaceutical manufacturers to quickly complete the baseline calculation of their local content to avoid exclusion from…
The Tunisian economy grew 2.8 percent during the second quarter of 2022 annually, according to the National Institute of Statistics. The Institute said the…
Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession. Brent crude futures fell $1.21, or 1.3%,…
Saud Arabia's Public Investment Fund (PIF) and London-based real estate investment firm Cain International said on Monday they had invested $900 million in…
Global rating agency Fitch Ratings upgraded the long-term foreign currency issuer default rating on Oman to BB from BB-. The outlook on Oman is stable,…
Opinions and expectations varied regarding the decision by the Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) to raise or fix the country’s…
The General Authority for Statistics (GASTAT) released on Monday the results of the Saudi Consumer Price Index and Wholesale Price Index for July 2022. On…
Shares were mixed in Asia on Monday after China's central bank cut a key interest rate and Japan reported its economy picked up momentum in the last quarter. …
Britain's main opposition Labor Party called on Monday for the energy price cap to be frozen this autumn to help the public deal with another expected surge in…
Esther Hare, Apple’s senior director of Worldwide Developer Marketing and executive sponsor of Women at Apple, underlined the company’s commitment to helping…
Fitch Solutions upgraded its positive forecast for Oman’s tourism sector recovery during 2022 and 2023 with an expected stronger growth during the mid-term…
A senior South African diplomat said that negotiations were underway to sign cooperation agreements with Saudi Arabia that would cover various sectors,…
Saudi Arabian state oil producer Aramco reported a 90% rise in second-quarter profit on Sunday, boosted by higher oil prices, volumes sold and refining margins…
The unemployment rate in Morocco among young individuals aged 15 to 24 years is 31.8%, the High Commission for Planning (HCP) revealed on Friday. This age…
Tunisia's government and both its main labor and commerce unions agreed on Friday to start talks on Monday over economic reforms required by the International…
The total value of Abu Dhabi's non-oil foreign trade amounted to about AED124 billion ($33.7 billion) during 1st half of 2022, compared to AED110 billion and…
Russia's economy shrank 4.0% year-on-year in the second quarter of 2022, the first full quarter of what Russia calls a "special military operation" in Ukraine,…
Abu Dhabi National Oil Company (ADNOC) announced Thursday an AED4.3 billion ($1.17 billion) contract to hire 13 self-propelled jack-up barges to drive offshore…
The Saudi Central Bank (SAMA) launched a point of sale (POS) service between Saudi Arabia and Qatar. Starting August 01, the service will link the national…
Saudi Arabia has suspended the application of a technical regulation for biodegradable plastic products, called SASO 2789, as it comes in violation of the…
The Federation of Saudi Chambers (FSC) launched an initiative to encourage banks and various financial institutions to provide finance products and installment…
Dubai Electricity and Water Authority (DEWA) reported Thursday a quarterly revenue of AED7.01 billion ($1.9 billion) and a net profit of AED2.61 billion ($710…