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…
A World Bank report has said that in 2021 the number of poor Lebanese is expected to have increased by 1.5 million over baseline, and by 780,000 Syrian…
Turkey's lira plunged as low as 14 to the US dollar and hit new lows against the euro on Tuesday, capping a historical month of selling after President Tayyip…
The Saudi Energy Minister, Prince Abdulaziz bin Salman, confirmed that the postponement of the technical meetings of OPEC+ came to secure more time to study…
Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday that the technical meeting of the OPEC + group has been postponed to Wednesday evening “to…
The Saudi stock market (Tadawul) closed its trading's Monday with a slight rise, recovering the losses of Sunday's trading affected by the news of global…
Jordan's Finance Minister Mohamad Al Ississ said on Sunday that the draft 2022 budget forecasts 10.6 billion dinars ($15 billion) in state expenditure and…
Just as it was recovering from the body blow of the Covid-19 pandemic, the global economy has taken yet another hit from the Omicron variant of the virus,…
Saudi Aramco expects its Jafurah gas field to produce approximately 2 billion cubic feet per day of gas by 2030, CEO Amin Nasser said on Monday at a conference…
Turkish President Recep Tayyip Erdogan said he will never defend interest rate hikes nor compromise on the issue, NTV and other broadcasters reported on Monday…
The new coronavirus variant, Omicron, has caused several losses in Middle Eastern trade markets amid growing fears. The new variant has pressured the…
Saudi Arabia's Ministry of Energy and Saudi Basic Industries Corp (SABIC) have signed a memorandum of understanding (MoU) to develop renewable energy projects…
S&P Global Ratings has revised Bahrain's outlook to 'stable' from 'negative' on the back of new fiscal reforms aimed at improving non-oil revenues and cutting…
The coronavirus pandemic will cost the global tourism sector $2.0 trillion in lost revenue in 2021, the UN's tourism body said Monday, calling the sector's…
Bahrain’s Minister of Industry, Commerce, and Tourism Zayed Al-Zayani revealed that Gulf countries were heading towards establishing an integrated industry…
Bank Leumi (LUMI.TA), one of Israel's two largest lenders, said on Sunday it raised 2.3 billion shekels ($721 million) in a bond offering to institutional…
UAE President Sheikh Khalifa bin Zayed Al Nahyan has approved a wide-ranging reform of the country’s legal system, which aims to strengthen economic,…
Turkish President Recep Tayyip Erdogan has ordered an investigation into possible currency manipulation after the lira fell sharply to record lows against the…
Tunisia and Libya signed a set of agreements to support and develop bilateral cooperation in vocational training and employment. The two countries signed a…
Masdar, one of the world’s leading renewable energy companies and a subsidiary of Mubadala Investment Company, announced it has signed an agreement with…
Turkey's beleaguered lira skidded 4% on Friday after President Recep Tayyip Erdogan doubled down on his low-rates policy that has been widely criticized,…
Saudi Minister of Finance Mohammad Al-Jadaan revealed the Kingdom’s plan to launch major projects to privatize a number of sectors. Speaking during the…
Turkey is determined to continue a policy of interest rate cuts, and "manipulative attacks" on the lira, which has plunged to all-time lows this week, will…
Greece and Egypt agreed on Thursday to expand their cooperation in the supply of liquefied natural gas (LNG) and examine the possibility of constructing a…
Bahrain launched a package of major development projects as part of a plan to support the economic recovery in the country. Deputy Prime Minister Sheikh…