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…
Abu Dhabi National Oil Company (ADNOC) announced Wednesday awarding two substantial contracts totaling AED7.49 billion ($2 billion) to ADNOC Drilling for the…
Saudi Arabia is implementing economic reform policies that have proven effective, experts told Asharq Al-Awsat. According to Ipsos Global Advisor survey,…
Amid fears that European economies would face a recession as a result of the Russian-Ukrainian war, economists expected that the Saudi-French talks would…
Saudi government entities concerned with the food security system have allocated around $2.5 billion to support the strategic inventory of wheat and barley and…
Saudi Arabia and Greece have revealed a strategic partnership between the private sectors in the two countries to work on a cable project that will ensure the…
Dubai's biggest lender, Emirates NBD, posted on Thursday a jump of 42% in second-quarter net profit, boosted by higher income and lower impairments. …
Egypt and the International Monetary Fund are working to "resolve differences" in ongoing negotiations, Finance Minister Mohamed Maiit told Al-Arabiya on…
Egyptian Petroleum Minister Tarek El Molla and Environment Minister Yasmine Fouad met on Tuesday to discuss preparations for the COP27 Climate Summit, which…
The International Monetary Fund (IMF) has raised its 2023 growth forecasts for Saudi Arabia’s economy by 0.1% from April to 3.7%. It maintained its…
The World Bank approved last week $500 million to help strengthen human capital and resilience in Morocco. Minister Delegate in charge of the Budget Fouzi…
Saudi Arabia's orientation towards intensifying investment in qualitative development of infrastructure and expanding the base of manpower and skilled minds is…
Qatar’s merchandise trade balance surplus (the difference between total exports and imports) jumped in 2021 by 130.7% to QR215.6 billion ($59.2 billion),…
Oil prices held steady on Wednesday as concerns about weaker demand offset industry data that showed a larger-than-expected drawdown in US crude stockpiles. …
The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were…
Sharjah Airport registered a 142.74% rise in passenger traffic during the first half of 2022, equivalent to approximately six million passengers. The the…
The second Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development kicked off in Cairo on Monday. The committee, which…
The Saudi Central Bank (SAMA) completed the electronic linking procedures with the Saudi Center for Economic Business through the Tanfeeth program to directly…
The Jeddah Central Development Company (JCDC), a wholly-owned subsidiary of the Public Investment Fund (PIF) and a master developer of Jeddah Central Project,…
Saudi Arabia is the largest recipient of Chinese investments within the Belt and Road Initiative (BRI) during the first half of 2022, according to a recent…
Russia tightened its gas squeeze on Europe on Monday as Gazprom said supplies through the Nord Stream 1 pipeline to Germany would drop to just 20% of capacity…
A malfunction in the Medgaz underwater natural gas pipeline between Algeria and Spain has caused a temporary suspension of gas supplies to Spain on Sunday,…
The Saudi-Kazakhstan forum, which kicked off on Sunday, saw the signing of 13 investment agreements in several sectors of common interest, including sports,…
Asian shares tumbled Monday after a retreat on Wall Street spurred by disappointing economic data and corporate earnings. Oil prices also slipped. Investors…
Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz has met in Jeddah with Jordanian ministers to discuss ways to cooperate in the fields of…