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…
Israel intends to fully privatize its national postal service through a combination of a Tel Aviv share offering and other steps, including a possible sale to…
Turkey's lira fell as much as 6% on Thursday, extending a four-day slide and eating into last week's big gains, as the government urged savers and investors to…
ADNOC Distribution, the UAE’s largest fuel and convenience retailer, has announced the opening of its latest ADNOC service station in the Saudi Arabia. …
Nissan reached a new milestone this year with the expansion of the brand’s aftersales network to over 60 service facilities across the region. This comes as…
Oil prices rose on Thursday to extend several consecutive days of gains, buoyed by data showing US fuel demand holding up well despite soaring Omicron…
Egypt plans to sell shares in power plants it built in partnership with Germany's Siemens , a cabinet statement said on Wednesday. The proposed offer on the…
Tunisia unveiled a 2022 budget that will see it borrow almost $7 billion more, as it seeks to stimulate an economy battered by the coronavirus pandemic. …
The Turkish lira weakened for the third consecutive day on Wednesday, tumbling 5% and eating further into the huge gains made the previous week, as worries…
The Central Bank of Oman (CBO) foreign exchange reserves have reached $18 billion for the first time since 2016. During its fourth Board of Governors…
Oil prices edged higher on Wednesday after rallying overnight as industry data showed a decline in US inventories, boosting demand sentiment. Brent crude…
Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved AED34.4 billion for the 2022 general budget for the Emirate…
Lebanon is mired in an economic crisis branded by the World Bank as one of the worst in modern times, but officials are yet to strike an international bailout…
Tunisia on Tuesday announced a 2022 budget of 57.2 billion dinars ($20 billion), 2.3% bigger than the 2021 budget, with an anticipated deficit of 9.3 billion…
Lebanon's Prime Minister Najib Mikati said on Tuesday that central bank Governor Riad Salameh should remain in position for now despite embezzlement probes…
UAE's Etihad Airways and and Henan Province Airport Group agreed to establish a strategic partnership to strengthen aviation ties between the UAE and China. …
Over the last ten months, the Saudi mining industry has achieved its highest revenues on record, with returns exceeding SR 724 million ($193 million). The…
The value of trade exchange between Egypt and South Korean increased by 46.9% in the first 10 months of 2021, amounting to $890 million, compared to $286.6…
Arla Foods, the leading global dairy company, has announced that within the last five years, it has invested a total of SAR127 million in the Saudi dairy…
The Saudi Central Bank (SAMA) issued public consultation on rules for regulating the business of real estate refinance companies as part of its efforts to…
Overall exports from Saudi Arabia climbed 90 percent on annual basis in October to 106 billion riyals ($28 billion), up from 55.9 billion riyals ($14 billion)…
The world economy is set to surpass $100 trillion for the first time in 2022, according to the Centre for Economics and Business Research (CEBR). “The…
The lira tumbled almost 8% against the dollar on Monday amid persisting investor concern over Turkey's monetary policy, having surged more than 50% last week…
Oil prices were mixed on Monday, with Brent inching higher while US crude futures slipped after airlines called off thousands of flights in the United States…
Russia’s United Grain Co (UGC) announced it was establishing a joint venture (JV) with Egypt’s Astra Ltd to supply Russian grain to the Egyptian market. …