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 European Central Bank said Monday that it plans to redesign its euro banknotes, with a final decision on the new look expected in 2024. The euro was…
Aramco has announced its entry into Saudi Arabia’s domestic lubricants market, offering consumers a new line of lubricant products under the ORIZON® brand. …
Saudis spend over $266 million on instant coffee, as the government attempts to convert 13 provinces in the country into a source of coffee production,…
Tunisia’s budget deficit narrowed to nearly 3.8 billion dinars (around $1.3 billion), or 23 percent, at the end of September 2021, compared to 4.9 billion…
Saudi Aramco has signed five agreements with French companies, including an agreement to explore a hydrogen-powered vehicle business with Gaussin, the oil…
Saudi Arabian Military Industries (SAMI) has signed an agreement with Airbus to form a joint venture specialized in military aviation services and maintenance,…
The Organization of the Petroleum Exporting Countries (OPEC) will continue with its supply adjustments for the oil market, the OPEC Secretary General said on…
Saudi Arabian Military Industries (SAMI) is forming a joint venture with Figeac Aero to build a factory in the Gulf kingdom to make aerostructure components,…
The Sustainable Building Program of the Ministry of Municipal and Rural Affairs and Housing awarded the King Salman Energy City (SPARK) the first sustainable…
Abu Dhabi-based sovereign investor, Mubadala Investment Company, has announced the signing of two agreements aimed at facilitating investments in sectors of…
Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling…
The UN World Tourism Organization (UNWTO) adopted on Friday a joint proposal by Saudi Arabia and Spain to form a UN task force to “redesign tourism for the…
Turkey's annual inflation jumped more than expected to a three-year high of 21.31% in November, data showed on Friday, further exposing the risks of recent…
Asian markets were mixed Friday as traders tracked developments in the Omicron virus strain as it spreads around the world, fuelling concerns about the…
Saudi Arabia’s Minister of Environment, Water and Agriculture, Abdulrahman Al-Fadley, launched a project to study the feasibility of using desalinated seawater…
Egypt's natural gas exports are at full capacity of about 1.6 billion cubic feet per day (bcf/d) from its two natural gas liquefaction terminals as it seeks to…
OPEC and its allies agreed on Thursday to stick to their existing policy of monthly oil output increases despite fears that a US release from crude reserves…
Saudi Arabia’s Diriyah Gate Development Authority (DGDA) has announced the first 14 of its planned 38 hotel brands over the coming years, 15 minutes northwest…
Saudi Arabia’s NEOM and Germany’s Volocopter, the pioneer of urban air mobility, have established a joint venture company to design, implement, and operate the…
The United Arab Emirates said national reserves had risen by 4 billion stock tank barrels (stb) of oil and 16 trillion standard cubic feet (scf) of natural gas…
Oil prices rose on Thursday, recouping the previous day's losses, as investors adjusted positions ahead of an OPEC+ decision over supply policy, but gains were…
A sharply fluctuating Turkish lira flirted with record lows on Wednesday as the central bank said it had intervened to prop up the currency, while President…
Jordan’s Energy Minister Saleh Al-Kharabsheh said on Tuesday that his country would begin oil exploration in two areas, Al-Jafr and Al-Sarhan, in February. …
The Saudi Council of Ministers has approved the Regulatory Arrangements of the Saudi Red Sea Authority (SRSA) that will streamline regulation to enable the…