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…
His motorbike's tank almost empty, Ahmad had barely enough fuel to make one more delivery and get home for the night. When the 24-year-old Syrian's phone…
Britain's upcoming budget will invest almost £7.0 billion ($9.6 billion, 8.3 billion euros) on transport outside London, the Treasury said on Saturday, as part…
Syrian President Bashar Assad’s government benefited from variations in foreign currency exchange rates, boosting state coffers with at least $100 million in…
Turkey’s surprisingly aggressive interest rate cut this week was another “policy misstep” and Fitch Ratings is watching how much it hurts financing for banks…
Lebanon's new government aims to make progress towards starting full negotiations for an IMF deal by the end of this year or early next, but is not expecting…
The Turkish lira continued to slide and reached a record low against the US dollar Friday, a day after the Central Bank sharply cut interest rates. It was…
Oil prices stayed near multi-year highs on Friday, erasing some earlier losses in Asian trading hours, with concerns about tight supply and stockpiles fueling…
China's troubled property giant Evergrande has made a key offshore interest payment a day ahead of a weekend deadline, state media said Friday, averting a…
A forensic audit of the Lebanese central bank by Alvarez & Marsal began on Thursday, Lebanese President Michel Aoun said on Twitter, indicating fresh momentum…
Turkey's central bank shocked markets again by slashing its policy rate by 200 basis points to 16% on Thursday, sending the lira to a new all-time low and…
Saudi Arabia, Kuwait and the United Arab Emirates reiterated their support for Bahrain’s plans to balance its budget, a move expected to help their neighbor in…
Fitch Ratings has affirmed Egypt’s long-term foreign-currency Issuer Default Rating (IDR) at 'B+' with a stable outlook. The agency said Egypt's economic…
Oil prices fell on Thursday as some investors scooped up profits from the recent rally, though solid demand in the United States and a switch to fuel oil from…
Saudi Investment Minister Khalid bin Abdulaziz Al-Falih began Wednesday a visit to the US. His visit aims at highlighting Saudi Arabia as a major global…
Egypt aims to more than quadruple desalination capacity by granting private companies concessions from its sovereign wealth fund to build 17 plants over the…
Shares are mixed in Asia after major Chinese property developer Evergrande said a plan to sell its property management arm to a smaller rival had fallen…
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman said users switching from gas to oil could account for demand of 500,000-600,000 barrels per day …
The Saudi Ministry of Energy announced the list of bidders of 1,200 MW Saudi renewable energy projects, consisting of four independent generation projects (IPP…
The Ministry of International Cooperation in Egypt held a meeting with the European Union and European Investment Bank to discuss the new mechanisms for future…
The Saudi-Moroccan Business Council revealed plans to launch the “Two Kingdom’s Forum and Exhibition” in Jeddah in the first quarter of 2022. Ali Borman Al…
The UAE, represented by the Ministry of Finance (MoF), has signed an agreement to promote and protect mutual investments with Iraq. The agreement aims to…
Oil edged lower on Tuesday but remained near multi-year highs as an energy supply crunch continued across the globe, while falling temperatures in China…
The International Monetary Fund has been in contact with Tunisian authorities after a new cabinet was formed last week and more talks are expected soon on the…
The International Monetary Fund (IMF) and Lebanese authorities have started technical discussions to pull the country out of its crisis, a senior IMF official…