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 United Arab Emirates said success in transitioning towards a future energy system aims to reduce emissions while maintaining growth, progress, and…
Saudi Arabia has taken a renowned position in global tourism with unique achievements, mainly after the launch of its Sustainable Tourism Global Center (STGC)…
Bahrain-based GFH Financial Group announced the spinning out of its infrastructure and real estate assets under the newly established “Infracorp” with a…
UAE Energy Minister Suhail al-Mazrouei said that the country is in the process of creating a combination of renewable, nuclear, and fossil energy to achieve a…
The Arab ministers concerned with mineral resources affairs approved the Arab Industrial Development and Mining Organization (AIDMO) proposal to prepare…
Gold prices held steady on Monday as market participants gauged the global economic policy outlook, with inflation-based demand for bullion countering hawkish…
Oil prices edged up on Monday as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron…
Sudan's headline inflation rate averaged 359.09% in 2021, up from 163.26% in 2020, the Central Bureau of Statistics said on Sunday. Inflation slowed to 318…
Turkey’s annual inflation rate will be in single digits by the time presidential and parliamentary elections set for mid-2023 are held, Finance Minister…
Oman’s Ministry of Commerce, Industry, and Investment Promotion has launched the Fast Track initiative to speed up the completion of several investment…
A project to expand parts of the Suez Canal is expected to be completed after two years of work in July 2023, the chairman of the Suez Canal Authority (SCA)…
Tunisia's crisis-stricken economy needs "deep reforms" such as slashing its vast public wage bill, the International Monetary Fund's outgoing country chief has…
Saudi Arabia has strengthened its investment environment by issuing 4,200 new investment licenses during 2021. This comes as part of the country’s new stride…
Tunisia’s economic growth should rebound to 3.5 percent in 2022 and decelerate to 3.3 percent in 2023 compared to 2.9 percent in 2021, according to the latest…
Saudi Industrial Development Fund (SIDF) CEO Ibrahim Almojel revealed that the total value of loans approved by the Fund for the mining sector since the launch…
The UAE cabinet approved Friday the executive regulations of the Federal Decree Law on Regulation of Labor Relations, which comprise detailed rules, provisions…
Lebanon's central bank said on Friday it aimed to boost the Lebanese pound's value by easing restrictions on dollar purchases after the currency hit a record…
The Azerbaijani Ministry of Energy and ACWA Power held a groundbreaking ceremony for a 240 MW wind power plant with an investment value of SAR 1.125 billion (…
The Saudi Authority for Industrial Cities and Technology Zones (Modon) revealed that more than 1,290 factories are now producing mineral products in Saudi…
In line with Saudi Arabia’s Vision 2030 objective of diversifying its economy and growing mining to become the third pillar of its industrial growth, the…
Saudi Arabia is now on the global mining map, one of the Kingdom’s officials revealed on Thursday, adding that the move matches the country’s plans to become a…
Lebanon's telecom duopoly, once cash cows for the state, used to allocate most of their spending on wages, rent and infrastructure. Now revenues have…
Saudi Energy Minister Prince Abdulaziz bin Salman stressed that the world needs more flexibility to shift to clean energy. Speaking at the Future Minerals…
Turkey's lira weakened nearly 3% on Thursday, giving up most of the gains from a rally a day earlier, as concerns persisted over surging inflation against a…