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’s Future Investment Initiative (FII) hosted on Friday a global summit in London about Environmental, Social and Governance in emerging markets,…
Germany and Qatar signed on Friday a declaration to deepen their energy partnership, with a focus on trade in hydrogen and liquefied natural gas (LNG), as…
Figures in the United Arab Emirate' tourism sector have topped pre-pandemic levels in 2019. The figures revealed that hotels attracted nearly six million…
An industrial proposal has been put forward to establish a Korean industrial village in eastern Saudi Arabia. The bid comes as the Saudi Ministry of Industry…
Abu Dhabi National Oil Company (ADNOC) announced Thursday three oil discoveries including one at Bu Hasa, Abu Dhabi’s biggest onshore field, with a crude oil…
The Governor of the Saudi Saline Water Conversion Corporation (SWCC), Eng. Abdullah Al-Abdul Karim, said that work has begun to create the world’s largest…
Dubai organized 120 events in cooperation with the public and private sectors during 2021, which directly contributed to raising the number of visitors to the…
Saudi Arabia’s Public Investment Fund (PIF) has taken a 5.01% stake in Nintendo Co, as the sovereign wealth fund increases its exposure to the Japanese video…
US-based Lucid Motors on Wednesday laid the foundation stone for its first-ever electric car plant outside the US at King Abdullah Economic City (KAEC) in the…
Abu Dhabi National Oil Company (ADNOC) and its Austrian chemicals partner Borealis plan an initial public offering of their petrochemicals joint venture…
The UK government on Wednesday said it would legally guarantee access to cash as banks increasingly shut branches in the digital age. "Millions of people…
Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering…
The United Nations on Wednesday significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in Ukraine has…
A high-ranking Thai official said that Bangkok and Riyadh were close to implementing bilateral agreements, which were recently concluded by the two sides. …
A subsidiary of Shell plc, BG International, signed a farm out agreement (FOA) with ExxonMobil Egypt to acquire a 100% stake in the Exxon Mobil-operated North…
Oil prices edged up on Wednesday on expectations that easing COVID-19 restrictions in China will push up demand and as industry data showed drawdowns in US…
School closures during the pandemic have set back children's learning in many G20 countries and could have a long-lasting negative impact on GDP in advanced…
Egypt's supply minister said on Tuesday a deal with India to directly purchase 500,000 tons of wheat outside the usual tender system had been agreed but not…
Saudi Minister of Investment Khalid al-Falih announced that the developed Saudi-Thai road map would be further boosted by the new investments in tourism,…
The Saudi Export-Import Bank (EXIM) launched a new strategy to facilitate national non-oil exports to reach global markets for the next five years. The…
Egypt inaugurated on Monday comprehensive development projects at the factories of the Egyptian Petrochemical Company in Alexandria. Petroleum Minister…
Official data released on Sunday showed that the Saudi budget for the first quarter of 2022 recorded a surplus of SR 57.4 billion ($15.3 billion dollars). …
The dirham has depreciated by 0.61% against the euro and 0.40% against the US dollar during the period from May 5 to 11, Bank Al-Maghrib (BAM) revealed on…
Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to over 13 million barrels bpd by the end of 2026 or start of…