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 International Monetary Fund (IMF) said it has received a request for aid from the new government in Tunisia and discussions over a new loan program have…
Saudi Arabia’s Minister of Transport and Logistics Saleh bin al-Jasser has handed over the first 32 logistic licenses for several international and local…
Marriott International plans to double the number of its hotels in Saudi Arabia during the next two years, Tourism Minister Ahmed al-Khatib announced on…
Turkey's lira gave up earlier gains and dropped as much as 2% to a new record low on Friday, a day after crashing 6% when the central bank, under pressure from…
Altadrea Manufacturing Company (TMC), one of the largest armored vehicle manufacturers in Saudi Arabia, has signed a Memorandum of Understanding (MoU) with…
Saudi Reinsurance Company (Saudi Re) has won the “Reinsurance Company of the Year” award at the 8th Middle East Insurance Industry Awards 2021 held virtually…
A slew of plane orders at this week's Dubai Airshow has added weight to Airbus' hopes of raising output, but the jetmaker is not yet ready to pull the trigger,…
Oil prices slid to six-week lows on Thursday as China said it was moving to release strategic reserves after a Reuters report that the United States was asking…
The Saudi National Bank and Standard Chartered Bank signed a $250 million repurchase agreement transaction (Repo) based on ESG principles. The transaction…
Turkey's lira sank to an all-time low of near 11 to the dollar on Thursday before paring losses, ahead of a central bank meeting that is expected to cut rates…
Turkish President Recep Tayyip Erdogan accelerated a market meltdown on Wednesday when he pledged to continue his battle against interest rates "to the end",…
NEOM Chief Executive Officer (CEO), Nadhmi Al-Nasr, has said that NEOM’s industrial city (OXAGON) was designed to be effective in the technologies of the…
Algeria's OPEC governor Mohamed Hamel has been appointed secretary general of the Gas Exporting Countries Forum (GECF), replacing Russia's Yury Sentyurin,…
The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, nearly tripled its holdings of US-listed stocks to $43.45 billion in Q3 2021, adding…
Egypt’s unemployment rate went up 0.2 percent to 7.5 percent in Q3 2021, from 7.3 percent in the previous quarter, the state statistics agency said on Tuesday…
The United Arab Emirates and Israel launched talks aimed at reaching a comprehensive economic partnership agreement to deepen economic and investment ties…
Egypt’s Minister of Petroleum and Mineral Resources, Tarek El-Molla, said that Egypt's success in the field of exporting natural gas and achieving revenue…
The world could not “simply unplug” from hydrocarbons, and the oil and gas industry needs to invest over $600 billion a year until 2030 just to meet expected…
Saudi Arabia made a remarkable presence on the first day of the Dubai Airshow, which reflects the readiness of the aviation sector in the Kingdom to shift into…
Ecclesian Consulting wants to conclude deals with Saudi partners that include initial understandings to launch investments in the green economy, clean energy,…
The Central Bank of the UAE (CBUAE) will publish a new index for actual overnight funding transactions denominated in UAE Dirham from December 7, 2021, named …
Tunisia will soon announce an economic recovery plan for 2023-2025, Economy and Planning Minister Samir Said said on Sunday, as the country struggles to get…
International Business Vice President at Lockheed Martin Ray Piselli has said that Saudi Arabia provides ideal opportunities for manufacturing parts of…
Boeing is "getting close" to resuming deliveries of its 787 Dreamliner after suspending them to deal with production flaws, though the schedule depends on…