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…
Dubai´s main airport, the world's busiest for international travel, will overhaul one of its two runways for 45 days, starting in May, the operator said on…
NEOM announced on Monday the launch of its subsidiary company ENOWA, which will lead the development of NEOM's world-class, sustainable energy and water…
Given the flawless Saudi record of fulfilling global oil supply obligations since 1939, energy markets are surely taking note of Riyadh’s warning on Monday…
Hamad Al-Hammad, the head the Federation of Saudi Chambers’ national contracting committee, announced that the value of development projects in various regions…
Germany said Sunday that a partnership had been clinched with Qatar as Europe's biggest economy seeks to become less dependent on Russian energy sources. …
Saudi Arabia regained the spot as China's top crude supplier in the first two months of 2022, having been leapfrogged by Russia in December, while…
Egypt's central bank raised its key interest rates by 100 basis points in an exceptional monetary policy committee meeting, it said in a statement on Monday. …
The local Saudi market is witnessing a growth in commercial activity and an increase in demand for food and consumer goods, informed sources told Asharq Al…
Their economies rocked by conflict, Russian and Ukrainian authorities have deployed different tactics to defend their weakened currencies, with varying degrees…
Turkish Finance Minister Nureddin Nebati said on Saturday the global rise in energy prices was accelerating inflation in the country, but Ankara would continue…
Saudi Arabian state oil giant Aramco on Sunday reported a more than doubling of annual net profit in 2021, boosted by higher oil prices, and announced plans to…
Sudanese schoolteacher Babiker Mohamed barely covers his family's needs with his meagre income, but since last year's military coup he no longer knows if he…
Amazon.com Inc on Thursday said it had closed its $8.5 billion deal to buy Metro-Goldwyn-Mayer (MGM) media company, combining the fabled moviemaker with the…
Syria's ministry of internal trade said there are no concerns about wheat reserves in the country, state news agency (SANA) reported on Saturday. "Wheat…
The Saudi Ministry of Investment (MISA) announced Saturday that it has signed a Memorandum of Understanding (MoU) with Amazon Saudi Arabia to create a dynamic…
The Saudi Agriculture Development Fund has approved several loans, worth over SR861 million ($229 million), to finance working capital for the import of…
Saudi Arabia launched on Thursday the first batch of investment packages in the railway sector, with a value of one billion riyals ($266 million). Minister…
Shares have opened lower in Europe after gains for most Asian benchmarks as oil prices hovered above $100 per barrel. Stocks rose in Tokyo and Shanghai but…
Abu Dhabi National Oil Company (ADNOC) announced awarding deals valued at $658 million (AED2.4 billion) for cementing services. The framework agreements…
Kuwait’s government proposed gradually raising the retirement age by three years starting from 2024, its finance minister Abulwahab Mohammed al-Rushaid said on…
A small team of International Monetary Fund staff will visit Tunisia later this month for further discussions about a possible IMF-supported financing program,…
Oil prices climbed over 7% on Thursday after the International Energy Agency (IEA) said three million barrels per day (bpd) of Russian oil and products could…
The Saudi General Authority for Statistics (GASTAT) said on Wednesday that the Kingdom’s gross domestic product rose by 6.7 percent in the fourth quarter of…
In December 2021, the Saudi Energy Minister Prince Abdulaziz bin Salman al-Saud warned that the world is heading towards an energy crisis if investments in the…