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…
Saudi Arabia ranked third as the fastest growing economy among the G20 countries, and first in the world in the 5G average download speed. Some economists…
Saudi Minister of Environment, Water, and Agriculture Eng. Abdulrahman bin Abdul Mohsen Al-Fadhli revealed an expansion plan for the broiler sector and support…
Petrol prices in Sudan rose on Saturday by 90 Sudanese pounds to 760 pounds ($1.34) per litre, the country’s oil ministry said in a statement. Diesel prices…
Iraq has the capacity to increase its oil production by 200,000 barrel per day (bpd) this year if asked, an executive of Iraq’s Basra Oil Co. (BOC) revealed on…
The US-Africa Business Summit concluded its activities in Morocco’s Marrakech city on Friday. Themed “Building the Future,” the summit was organized…
Morocco is negotiating with electric vehicle battery manufacturers to set up a plant in the country to mesh with its existing automotive sector and cobalt…
Libya's National Oil Corporation (NOC) aims to bring back production to 1.2 million barrels per day (bpd) in two weeks, NOC said in a statement early on…
Saudi Arabia concluded its participation at Farnborough International Airshow (FIA 2022). The five-day show was held in the United Kingdom, and witnessed wide…
Egypt’s economy will grow fairly steadily over the coming three years, with inflation gradually declining from over 10% and the pound weakening in the near…
Fitch Ratings predicted that higher oil prices and interest rates will enhance the profitability of Saudi banks during 2022-2023. This comes at a time when…
Construction of a nuclear plant by Russia's state-owned energy corporation Rosatom on Egypt's north coast has begun, according to a joint statement from the…
Moroccan Foreign Minister Nasser Bourita has said that Africa needs active partners who do not exploit short-term opportunities, noting that it is time for the…
Iraqi governor Ali Farhan revealed on Wednesday the discovery of new oil wells in the Anbar province. Farhan noted that the wells were discovered in Nukhayb…
The UAE central bank’s quarterly report indicated that total real GDP increased by 8.2% annually in the first quarter of 2022, state news agency said on…
Libya resumed exporting crude oil from Es Sider port on Thursday, the oil ministry said on Thursday. Libya's Waha Oil Company resumed production at its…
Saudi Arabia finished H1 of 2022 with three consecutive half-year periods of growth in venture capital (VC) funding after observing a 244 percent year-on-year…
Saudi Arabia topped the GCC project awards, which improved during the year's second quarter despite global economic challenges caused by supply chain problems…
Saudi Arabia's crude oil production grew to 10.538 million bpd in May, rising 0.9 percent from 10.441 million bpd in April. According to official data…
UAE Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has issued a decree introducing incentives for property investment…
Moody’s credit rating agency has expected Saudi Arabia’s economy to register an average growth rate of around 3.9 percent during the period from 2022 to 2026. …
Oil prices edged down on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in US crude inventories as product…
The Egyptian pound dropped to its lowest level in five and a half years, after falling 0.05% during Monday’s trade. Refinitiv data showed that the pound…
Surging inflation and the Russian invasion of Ukraine have prompted sovereign investors to reposition their asset allocation, according to the latest Invesco…
Saudi Arabia is participating in the Farnborough International Airshow, through a pavilion organized by the General Authority for Military Industries, under…