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 Gulf Petrochemicals and Chemicals Association (GPCA) called on the GCC chemical industry to direct business and operating models towards achieving the…
UAE senior officials reaffirmed the Gulf country's strong commitment to combat money laundering and terrorist financing. The UAE continues to implement an…
Saudi Arabia’s non-oil private sector managed to regain its strength in February, as improved business confidence and customer demand led to faster expansions…
Abu Dhabi National Oil Company (ADNOC) signed an agreement with Proman, one of the world's leading methanol producers, to develop the UAE's first world-scale…
The China-backed Asian Infrastructure Investment Bank said it will suspend business related to Russia and Belarus in a sign of the two countries' deepening…
Asian markets tumbled Friday and crude bounced as news that Europe's biggest nuclear power plant was on fire after Russian shelling fueled a flight to safety…
Oil steadied after hitting prices not seen in roughly a decade on Thursday, as sellers jumped in on hopes that the United States and Iran will agree soon to a…
Saudi Arabia's economy is expected to grow around 7% in 2023, Crown Prince Mohammed bin Salman said. “Next year, the whole economy is going to grow by…
Jadwa Investments has partnered with the Saudi Ministry of Human Resources and Social Development to launch two investment funds for the local non-profit…
More than 120 Saudi government agencies have recently met to activate a royal order to establish teams to develop local content, in the presence of Bandar Al…
Auto shipments stopped, beer stopped flowing, cargo ships dropped port calls and oil companies cut their pipelines. Russia’s invasion of Ukraine has thrown…
Dubai approved the launch of the "Savings Scheme for Foreign Employees in the Government of Dubai" to enhance the end-of-service benefits system. The Dubai…
Egypt and the European Bank for Reconstruction and Development (EBRD) discussed clean energy transition and Cairo's ongoing preparations for hosting the UN's…
The World Bank on Wednesday announced it was halting all of its ongoing projects in Russia and Belarus in response to the invasion of Ukraine. Citing the …
Disputes between homeowners and tenants have risen sharply in recent months in Turkey after annual inflation reached nearly 50 percent in January, the…
A London court has ordered two Lebanese banks to pay a depositor $4 million of his money locked in Lebanon’s crippled banking system by informal capital…
The European Union said on Wednesday it was excluding seven Russian banks from the SWIFT messaging system, but stopped short of including those handling energy…
Surging energy costs have driven inflation in Europe to another record high, raising questions about when the central bank should step in to ease the pain to…
The visit of Cypriot President Nicos Anastasiades to Saudi Arabia on Tuesday raised the bar of expectations for the two countries enhancing strategic…
The UAE completed the railway directly linking Abu Dhabi with Dubai as part of Etihad Rail to connect the rest of the Emirates with an integrated railway…
The Saudi Central Bank (SAMA) licensed a new payment financial technology company, "Moyasar Financial Company" to provide E-commerce payment services. With…
Lucid Group signed an agreement with the Saudi Ministry of Investment, the Industrial Development Fund, and the Economic City at King Abdullah Economic City to…
Crude surged past $110 a barrel Wednesday and equities sank with investors growing increasingly fearful about the Ukraine war's impact on global energy…
Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates Armed Forces, Sheikh Mohamed bin Zayed Al Nahyan held telephone talks on…