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 fell on Monday, paring gains from the previous session, as fears of a global recession weighed on the market even as supply remains tight amid lower…
Turkey's inflation is expected to rise above 78% in June and it was seen declining to just below 70% by end-2022, a Reuters poll showed on Tuesday, as pricing…
Egyptian Minister of International Cooperation Rania Al-Mashat said that the fruitful cooperation with the European Investment Bank (EIB) is reinforcing joint…
Saudi Arabia has been re-elected as a member of the Customs Policies and Financial Committees of the World Customs Organization (WCO), Saudi Press Agency (SPA)…
The Emirati supermarket chain Union Coop on Friday announced its intention to list shares on the Dubai Financial Market (DFM) on July 18, as the first retail…
As part of its commitment to developing a comprehensive sustainable landscape strategy to embrace the pristine environmental components and enhance…
Abu Dhabi Ports Group announced Friday reaching an agreement to acquire a 70% equity stake in International Associated Cargo Carrier BV, which wholly owns two…
Saudi Arabia announced the issuance of 79 new industrial licenses in May, bringing the total since the beginning of 2022 to 411 new licenses. Meanwhile, a…
A delegation from the International Monetary Fund will visit Tunisia on Monday to start negotiations over a loan program, a central bank official told Reuters…
Under the supervision of the Saudi Ports Authority (MAWANI), Saudi Global Ports (SGP) and Shanghai Zhenhua Heavy Industries Company (ZPMC) signed on Thursday…
The UAE capital, Abu Dhabi, launched its Industrial Strategy on Thursday. The government will invest through this strategy AED10 billion ($2.7 billion)…
Saudi Arabia has revealed that it has an estimated 76 investment opportunities in six different areas of defense and military industries. Ayma al-Hazmi,…
The latest official data released on Thursday in Saudi Arabia revealed a drop in the unemployment rate in the Saudi workforce. The total rate of…
OPEC+ agreed on Thursday to stick to a planned oil output hike this summer but avoided discussing policy from September onwards as prices have risen on tight…
Oil prices eased on Friday as lingering fears of a recession demand weighed on sentiment, putting the benchmarks on track for their third straight weekly…
Saudi Arabia’s Public Investment Fund (PIF) announced on Thursday the launch of the Aircraft Leasing Company “AviLease”, which aims to be a leading institution…
The World Bank’s Board of Executive Directors approved on Wednesday a $500 million loan to bolster Egypt’s efforts to ensure that poor and vulnerable…
Dubai prepares to list more government and semi-government companies on the Dubai Financial Market (DFM). This decision is driven by the great success…
The Saudi Central Bank inaugurated the HORIZON Center at al-Bilad Bank to create a coherent environment that ensures support for digital entrepreneurial…
Saudi Arabia launched a Request for Qualification (RFQ) for its public-private partnership (PPP) Customs Zone project. The privatization program in Saudi…
Oil prices edged higher on Thursday after dipping in early Asian trade, as concerns about global supply tightness outweighed a build in US gasoline and…
Natural gas has started flowing from Spain towards Morocco through a pipeline that stopped flowing in November amid a diplomatic row between Morocco and…
The United Arab Emirates' oil production is near to maximum capacity based on its current OPEC+ production baseline, which is 3.168 million barrels per day,…
The Saudi Cabinet approved a new Companies Law in line with international best practices to promote the commercial system in the Kingdom. Experts told…