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…
On the third day of Saudi Arabia’s World Defense Show, which coincided with International Women’s Day, participants focused on stimulating the role of female…
McDonald's, Coca-Cola and Starbucks on Tuesday bowed to public pressure and suspended their operations in Russia, joining the international corporate chorus of…
The Saudi Cabinet on Tuesday approved the organizational arrangements for a committee to identify and develop investment opportunities under the umbrella of…
The Turkish lira declined for a seventh straight day on Wednesday, bringing its losses to more than 5% since Russia launched its attack on Ukraine, raising…
Turkey will continue to buy Russian oil and hopes sanctions on Iran are lifted, bringing additional supplies to meet global demand, Energy Minister Alparslan…
Oil prices rose on Wednesday as the US ban on Russian oil imports and Britain's plan to phase them out by year end raised concerns of tighter global supply. …
Shell oil last week and said it would withdraw completely from any involvement in Russian hydrocarbons over the country's invasion of Ukraine. "We are…
The Saudi Ministry of Investment signed 12 memoranda of understandings (MoUs) in the aerospace and defense sectors during the World Defense Show. The four…
The World Government Summit (WGS) revealed it will host this year 15 forums to explore the most important global trends defining the next decade. The Summit…
The Saudi Ministries of Tourism and Environment and the Tourism Development Fund signed a memorandum of understanding (MoU) to enhance cooperation and…
John Lazar, vice president and general manager of international programs at US-based Oshkosh Defense, underlined the company’s commitment to localizing Saudi…
Sudanese banks were selling dollars at a rate of 530 pounds on Tuesday, a drop of about 19% from the previous rate, after authorities moved to counter a slide…
Several international defense companies have voiced their aspirations for participating in Saudi Arabia’s journey to develop its military industry through…
Egypt and the European Bank for Reconstruction and Development (EBRD) signed two memoranda of understanding (MoU) on green hydrogen and established the Sector…
Real estate deals in the Gulf countries grew by nearly 52 percent year-on-year in 2021 to $137.4 billion compared to $90.5 billion in 2020, according to an…
Saudi Arabian shares closed higher on Sunday, tracking a rise in oil prices as the Kingdom lifted all COVID-19 restrictions, and the conflict in Ukraine…
Russia's rouble tumbled to a fresh record low in thin offshore trade with local markets closed for trading until at least Wednesday. The rouble weakened to…
Equity markets plunged Monday, while oil prices soared to a near 14-year high and safe-haven gold broke $2,000 as investors grew increasingly fearful about the…
Every Sunday Noori Sani welcomes his old friends around a bountiful Turkish breakfast in Istanbul. But surrounding him now are empty tables on his terrace at…
Saudi Arabia's state oil producer Aramco raised its April official selling price (OSP) for all crude grades it sells to Asia in line with market expectations. …
The General Confederation of Moroccan Enterprises is expected to send a delegation of businessmen to Israel on a Royal Air Maroc flight that will inaugurate…
Card payment giants Visa and Mastercard announced Saturday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of…
The International Monetary Fund on Saturday said it expected to bring Ukraine's request for $1.4 billion in emergency financing to its board for approval as…
Saudi Finance Minister Mohammed Al-Jadaan said that work was underway to develop the financial sector in order to keep pace with the major transformations and…