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 Federation of Saudi Chambers said there are five challenges facing the development of the date sector in Saudi Arabia. The Kingdom is hoping the sector…
The Saudi Ministry of Finance and the National Debt Management Center (NDMC) are seeking to develop and launch individual savings Sukuk to motivate individuals…
Abu Dhabi’s International Holding Co on Thursday said it had acquired a 50% stake in Turkey’s Kalyon Enerji for 1.8 billion dirham ($490 million) through one…
The Saudi Egyptian Investment Company (SEIC), owned by Saudi Arabia's state-owned Public Investment Fund (PIF), has bought minority stakes in four Egyptian…
GFH Financial Group announced a net profit of $23.06 million during the second quarter of 2022, an increase of 10.2 percent compared to $20.92 million for the…
Egypt's annual urban consumer inflation accelerated to 13.6% year-on-year in July from 13.2% in June, data from the country's statistics agency CAPMAS showed…
In a move that aims to promote the inclusion of women and young businessmen in the industrial sector, Saudi Arabia has prepared nearly 78 ready-made factories…
Egypt is seeking to increase its hard currency revenues, as a result of the rise in interest rates on the dollar. Egypt’s financing needs are increasing…
Oil prices eased on Wednesday after industry data showed US crude inventories unexpectedly rose last week, signaling a potential hiccup in demand, though…
The World Union of Wholesale Markets (WUWM) Conference 2022, which will be held in the Middle East for the first time in October, offers an important…
The Saudi Egyptian Investment Co., a newly launched investment firm of the Kingdom’s Public Investment Fund, has agreed to buy 25 percent shares of Misr…
Saudi Basic Industries Corp (SABIC) reported on Tuesday its earnings for the second quarter of 2022. The company’s revenue for the second quarter reached SAR…
Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting…
Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef said that the Saudi market has contributed to building strong local industries that compete…
Oil prices slipped on Tuesday as traders eyed the latest progress in last-ditch talks to revive the 2015 nuclear accord with Iran, which would clear the way to…
The head of the National Committee for Food Supply in the Federation of Saudi Chambers said Indian rice producers have conveyed a message of reassurance that…
Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, launched on Monday the trial operation of the passengers’ section at the new Salwa…
US corporation Apache is scheduled to pump more investments in its concession areas in the Western Desert, announced Egypt's Petroleum and Mineral Resources…
Cairo is discussing with the World Bank a $500 million development funding deal, which is meant to boost Egypt’s efforts to help achieve food security and to…
The Ministry of Industry and Mineral Resources said on Sunday that foreign or joint capital investments represent about 39 percent of the total investments in…
Oxford Economics has predicted that the Saudi economy will cross the trillion-dollar mark for the first time this year. The leader in global economic…
Oil prices bounced higher from multi-month lows on Monday as investors' appetite improved following data on US jobs and Chinese exports data that eased…
The Omani government posted a budget surplus of 784 million rials ($2.04 billion) at the end of the first half of 2022, Oman's state news agency reported on…
Syria's internal commerce ministry has announced a petrol price hike of around 130 percent in the war-torn country facing fuel shortages and extended power…