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 Federation of Saudi Chambers signed on Thursday an agreement to host the UN Global Compact Network Saudi Arabia in Riyadh, with direct support from the…
Japan Tobacco and a Coca-Cola bottler were among firms shutting factories in Ukraine on Thursday following Russia's invasion, while UPS and FedEx Corp…
Equities bounced back Friday from the previous day's rout with investors taking their lead from a rally on Wall Street after Washington decided against…
A consortium led by ACWA Power has reached financial close for the $1.302 billion Red Sea multi-utilities project in Saudi Arabia. ACWA Power, in…
Deputy Secretary of the Ministry of Finance Younis Al-Khoori said that the use of federal tax on companies as of June 2023 strengthens the UAE’s commitment to…
Saudi Aramco announced that an international investor consortium, led by affiliates of BlackRock and Hassana, acquired a 49 percent stake in Aramco Gas…
Oil prices broke past $100 and safe havens surged while equities tumbled Thursday after Russian President Vladimir Putin announced a "military operation" in…
The International Monetary Fund said on Wednesday it had made "good progress" in talks with Tunisia ultimately aimed at a possible rescue package to avert what…
Egypt plans to raise its average debt maturity to 3.7 years from 1.3 years to ease pressure on the public treasury, the country’s finance minister said on…
CEO of Saudi Arabia’s Royal Commission for Makkah City and Holy Sites Abdulrahman bin Farouk Addas revealed that the authority has entered the phase of…
The International Monetary Fund (IMF) mission concluded virtual talks on Tunisia by calling on the authorities to implement structural economic reforms. …
Saudi Arabia and Oman aim to announce joint industrial and economic zones soon, Oman’s ambassador revealed to Asharq Al-Awsat. Faisal bin Turki Al Said…
The Gas Exporting Countries Forum (GECF) concluded its sixth summit, held under the slogan of 'Natural Gas: Shaping the Energy Future' in Qatar. The 11 gas…
The Turkish lira weakened as much as 1.5 percent against the dollar on Tuesday, nearing its weakest level this year, after Russia escalated tensions in eastern…
Oil prices took a breather on Wednesday after surging to seven-year highs the previous session as it became clear the first wave of US and European sanctions…
The US government broadened restrictions on trading of Russian government debt on Tuesday in a bid to punish Moscow for ratcheting up its conflict with Ukraine…
The Sudanese government reversed on Sunday a decision to raise the price of cooking gas only a few hours after announcing the hike. In a statement…
Shares in Saudi Aramco soared over 4 percent to an all-time closing high in Monday’s trading session on the Saudi stock exchange. Saudi Aramco rose 4.1…
Dubai's main airport said Tuesday it has retained its top place as the world's busiest for international travel with around 29 million passengers shuttling…
Oil giant Saudi Aramco is in talks with partners in China about further investments in the country, CEO Amin Nasser said on Monday. "China is an important…
Major oil countries have stressed the need to adhere to the OPEC+ agreement, due to its paramount importance in balancing the energy market and avoiding future…
Saudi Arabia's crude oil production increased by 110,000 barrels per day (bpd) on a monthly basis in December to 10.02 million barrels per day, according to…
Egypt’s Minister of Housing, Utilities, and Urban Communities, Assem el-Gazzar, visited Saudi Arabia and inspected major housing projects in Madinah. A…
Saudi Arabia has called to increase the volume of trade exchange with Mauritania in various economic sectors, especially in agriculture, fisheries, and…