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…
Saudi Arabia’s Shura Council on Monday demanded that the Ministry of Human Resources and Social Development coordinates with specialized parties to reinforce…
Saudi Arabia’s International Company for Water and Power Projects (ACWA Power) on Sunday announced the signing of a 25-year power purchase agreement (PPA) for…
Russia has suspended imports of fruit including lemons, mandarins, peppers, grapes and pomegranates from 33 Turkish and Iranian producers, citing alleged food…
Saudi Mais Company for Medical Products (SMMP) has announced producing the kingdom’s first fully manufactures N95 masks from polypropylene manufactured in…
Oil prices slumped 3% on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new…
President Recep Tayyip Erdogan said he had lowered Turkey's inflation to around 4% before and that he will achieve that again soon as annual price rises hit 21…
Abu Dhabi Ports on Sunday signed five strategic partnerships with Jordan's Aqaba Development Corporation including developing King Hussein International…
Saudi Arabia has succeeded in implementing a policy that relies on diversifying the economy away from oil prices fluctuations, resulting in a budget surplus…
Turkey's largest business group, TUSIAD, on Saturday urged President Recep Tayyip Erdogan's government to abandon a controversial monetary policy based on low…
The Jeddah Central Project, launched by Saudi Crown Prince Mohammed bin Salman on Friday, confirmed that Saudi cities are heading towards rapid and qualitative…
The United Arab Emirates' central bank has extended several measures of its Targeted Economic Support Scheme (TESS) until June 30. The bank said in a…
Saudi Arabia’s Crown Prince Mohammed bin Salman bin Abdulaziz launched a development plan for the Jeddah Central Project on Friday. The undertaking sets out to…
Oil prices fell on Friday and were also down on the week as surging cases of the Omicron coronavirus variant raised fears that new restrictions may hit fuel…
Restaurants and other businesses in Turkey's service sector say they will jack up prices next year to cover the cost of a 50% rise in the minimum wage, which…
Prominent UAE businessman Majid Al Futtaim, who founded retailing and entertainment giant MAF, has died, Dubai's ruler said on Friday in a Twitter post paying…
Turkey's crisis accelerated on Friday as the lira plunged 6% to a new all-time low, gripped by concerns over an inflationary spiral brought on by President…
Saudi Arabia submitted on Thursday its bid for hosting the World Expo 2030, during the General Assembly of The Bureau International des Expositions (BIE) in…
The Royal Commission in Ras Al-Khair Industrial City signed an agreement on Thursday to allocate a 3 million square meters industrial land, for more than 15…
Lebanon's central bank said on Thursday it would sell US dollars to commercial banks at the rate on its Sayrafa foreign exchange platform, but analysts said…
Turkey’s Central Bank again cut a key interest rate Thursday despite soaring consumer prices that are making it difficult for people to buy food and other…
The Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) has signed investment agreements with eight United Arab Emirates-based investors. This marks…
Oil prices rose on Thursday as US implied consumer petroleum demand surged to a record high in the world's top oil consumer, even as the Omicron variant of the…
The World Bank's fund to help the world's poorest nations got a $93 billion injection of cash to help scale up aid for pandemic recovery and other programs,…
GFH Financial Group has teamed up with Kuwait’s Wafra International Investment Co. to acquire a portfolio of logistics assets in the US. Seven of the…