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 IMF plans to raise at least $45 billion for a new trust to help "low-income and vulnerable middle-income countries" cope with protracted challenges like…
Abu Dhabi's state holding company ADQ has bought shares worth $1.85 billion in five publicly traded Egyptian companies. The stock exchange said purchases for…
Saudi companies listed on the stock market recorded a 56.3 percent increase in their business, reaching total revenue of $613.3 billion. Al-Jazira Capital…
Oil prices eased on Wednesday, giving up earlier gains, after China and Japan reported weak economic data, fueling concerns about growth and oil demand in the…
Egypt's Supply Ministry has confirmed that it is considering this month adding wheat from India to 16 other national import origins accepted by its state…
Egypt’s Minister of Finance Mohamed Maait called on his African counterparts to adopt a unified African vision on issues of financing and climate change. …
The UAE cabinet on Monday approved a digital economy strategy to double the contribution of the digital economy to the GDP from 9.7% to 19.4% within the next…
The Saudi Shura Council approved on Monday a memorandum of understanding of joint cooperation in the field of electrical interconnection between Saudi Arabia…
Shares in Dubai Electricity and Water Authority (DEWA) surged about 20% on their market debut on Tuesday after its $6.1 billion initial public offering (IPO)…
The Moroccan government plans a gradual build-up of soft wheat stockpiles adding to the five months of domestic consumption needs currently secured by the…
Iraq's oil minister called on Monday for the establishment of a new oil company in its northern Kurdish region to manage the energy contracts signed by the…
The Saudi Export-Import Bank approved loans worth over $1.46 billion during the first quarter of 2022 to support the Vision 2030 goals. The loans are part…
FOREX-Euro gains respite from Macron's French election lead The euro looked set to snap a seven-day losing streak versus the dollar on Monday, as the single…
Egypt's annual inflation rate jumped to 12.1 percent in March 2022, compared to 4.8 percent in the same month in 2021, according to the latest data by the…
Turkey's current account registered a deficit of $5.15 billion in February, more than double the amount in the same month last year, data from the central bank…
Saudi Arabia has asked investors to maintain environmental and social standards and contribute to social responsibility. Following the new investment law,…
Right Farm, a United Arab Emirates agriculture technology firm, said on Monday it raised $2.8 million from investors including Abu Dhabi state holding company…
Oil prices slid more than $2 a barrel on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of…
The announcement made by Lucid Group, an American electric vehicle manufacturer, on signing several agreements with Saudi government agencies, paving way for…
Egypt said Sunday its annual inflation rate surged past 12% in March, up from 10% in February, largely because of Russia’s war in Ukraine, which has strained…
Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, has received its In-Principle Approval (IPA) for a Financial Services…
Ukraine has banned all imports from Russia, one of its key trading partners before the war with annual imports valued at about $6 billion, and called on other…
Egypt aims to reduce the debt-to-GDP ratio from 90% by the end of the current fiscal year to 85% by 2025, Finance Minister Mohamed Maait said on Saturday. …
The Saudi Central Bank (SAMA) announced on Friday the implementation of urgent temporary precautionary measures to combat financial fraud. According to a…