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…
Egypt will target economic growth of 5.7 percent and a primary surplus of 1.5 percent of GDP in the 2022-23 financial year, the finance ministry said on…
Thai Prime Minister and Minister of Defense, General Prayut Chan-o-cha, visited Saudi Arabia on Tuesday as part of the Kingdom's efforts to strengthen mutual…
Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Alkhorayef revealed that the Ministry of Energy and Saudi Aramco are working closely to create…
Egypt aims to press ahead with stake sales in state-owned companies every month or two and will soon classify the openness of different sectors of the economy…
The Saudi Ministry of Energy and Iraqi Ministry of Electricity signed on Tuesday a memorandum of understanding (MoU) framing the joint cooperation in linking…
Abu Dhabi National Oil Co (ADNOC) has set up a subsidiary, ADNOC Murban, to issue primary debt and explore new funding opportunities. ADNOC Murban will…
The Saudi-Iraqi Business Forum got underway in Riyadh on Monday, with a wide participation of ministers, officials and businessmen in the two countries. …
Saudi Aramco said oil demand is nearing pre-COVID levels and reiterated that producers globally are investing too little in supply. "We are getting very…
Saudi Minister of Energy Prince Abdulaziz bin Salman revealed the imminent formation of a committee to localize the energy sector in the country under the…
Oman inaugurated Ibri 2, the first solar independent power project (IPP) to be launched under the country’s national renewable energy program and connected to…
Kuwait announced that the draft budget for the fiscal year 2022-2023 sees oil income at $55 billion throughout the FY that ends in March 2023, up 83.4 percent…
Saudi Arabia will host LEAP, the global technology platform, to address future challenges such as healthcare technologies to improve the quality of life and…
AD Ports Group has signed a new agreement with Eni Abu Dhabi B.V., the Abu Dhabi-based branch of the world-renowned Italian Integrated Energy Company, to…
Oman and Egypt signed several memoranda of understanding (MoUs) after a meeting held by the joint Business Council in Muscat. The Egyptian-Omani Business…
Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced on Sunday that its wholly-owned subsidiary KUFPEC Indonesia (Anambas) has successfully made a…
Saudi Arabia inaugurated the first floating desalination plant near al-Shuqaiq port on the western coast, as part of its water projects to enhance water…
TFinance Minister Nureddin Nebati told economists he expects the inflation rate to peak at about 40 percent in the months ahead and not to surpass 50 percent…
The In-Kingdom Total Value Add (IKTVA 2022) has kicked off on Monday, highlighting the oil giant’s role in boosting local opportunities in Saudi Arabia. …
Saudi Arabia’s Minister of Commerce and Chairman of the Saudi-Iraqi Coordination Council Majid bin Abdullah Al-Qasabi reiterated the strong relations between…
Saudi Arabian fertilizers maker SABIC Agri-Nutrients said on Monday it had signed a binding agreement to acquire a 49% stake in ETG Inputs Holdco LTD. ETG…
New York-based Teneo said on Monday it was launching a financial advisory business in the Middle East. The company has hired restructuring veterans Matthew…
Iraq has already scheduled some oil shipments for loading in March due to projections of strong demand, Ali Nizar, deputy head of Iraq’s State Organization for…
Osama Al-Zamil, Saudi Deputy Minister of Industry and Mineral Resources, said investing in plastic materials contributed to raising productivity and reaching…
The Saudi leadership is providing programs and initiatives that contribute to motivating investors to launch entertainment and tourism projects in the Kingdom…