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…
Blocks from the White House, an unassuming edifice in downtown Washington that once held offices used by the US Department of Justice is set to be converted…
The United Arab Emirates’ Nawah Energy Company has signed an agreement with CERAP S.A to provide technical services to support refueling outages and online…
Saudi Minister of Finance Mohammed Al-Jadaan has said that governments should study long-term solutions, such as allocating budgets for risk and crisis…
Successive personalities have occupied the position of Secretary-General at the Organization of the Petroleum Exporting Countries (OPEC), a 13-country…
Lebanon's draft budget for 2022 applies exchange rates ranging between 15,000 and 20,000 Lebanese pounds per dollar for operating expenses, an official source…
ExxonMobil and SABIC announced on Thursday the successful startup of Gulf Coast Growth Ventures world-scale manufacturing facility in San Patricio County,…
Saudi Arabia’s Crown Prince Mohammed bin Salman has unveiled ‘Boutique Group’ to develop historical palaces into luxury boutique hotels, the Kingdom’s Public…
The Ministry of Energy signed on Thursday eight memoranda of understanding (MoUs) with several entities for implementing pilot projects for hydrogen fuel cell…
Turkey´s central bank kept a key interest rate unchanged on Thursday, halting a string of rate cuts that triggered a currency crisis and sent consumer prices…
Saudi Export Development Authority (Saudi Exports) launched Institutional Transformation Strategy to boost non-oil exports, in line with the objectives of…
Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the International Energy Agency (IEA) said on Wednesday,…
Saudi Arabia will dominate the hydrogen market and has the potential to become the cheapest cost producer of gas, revealed Energy Minister Prince Abdulaziz bin…
The United Arab Emirates is planning to establish a power market platform aimed at facilitating the export of electricity, said Energy Minister Suhail al…
The Lebanese pound extended a rally against the dollar on Wednesday, strengthening to about 24,000 from 34,000 last week thanks to central bank intervention…
A pipeline that carries oil from Iraq to world markets resumed operating Wednesday after an explosion in southeastern Turkey forced it to shut down for several…
Secretary General of the Gulf Cooperation Council for Arab States Dr. Nayef Al Hajraf stressed that a Free Trade Agreement (FTA) between the GCC and South…
Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook. Brent…
Saudi Aramco has signed one agreement and nine Memoranda of Understanding (MoUs) with leading Korean entities to advance its downstream strategy and support…
The Saudi Public Investment Fund (PIF), POSCO and Samsung C&T Corporation Engineering & Construction Group (Samsung C&T) announced on Tuesday the signing of a…
Tourism arrivals around the world are not expected to return to their pre-pandemic levels until 2024 at the earliest, the World Tourism Organization said…
The Saudi Company for Artificial Intelligence (SCAI), a company wholly owned by the Public Investment Fund (PIF), launched operations to grow and develop…
UAE oil firm ADNOC has activated business continuity plans to ensure reliable, uninterrupted supply of products to local and international customers after an…
Saudi Energy Minister Prince Abdulaziz bin Salman said the Organization of Petroleum Exporting Countries (OPEC) and its allies, referred to as OPEC+, have …
The IHS Markit Index predicted that the Saudi Arabian economy will record the highest growth levels among the G20 countries in the fourth quarter of 2021, a…