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…
UAE and Oman discussed the importance of cooperation and investment in the industrial sector, advanced technology and quality infrastructure. This came…
Saudi Arabia’s State Properties General Authority (SPGA) said that it is working on its vision of maximizing the effectiveness of the state’s real estate and…
Saudi Arabia’s crude oil exports rose in August for a fourth consecutive month to the highest since January 2021, the Joint Organization Data Initiative (JODI)…
The UAE and Turkey held talks to enhance economic cooperation with the aim to support the development agendas led by the two countries and achieve common…
Egypt’s Minister of Finance Mohamed Maait said that the country aims to reduce the budget deficit to 6.7 percent and increase the GDP growth to 5.4 percent. …
Iraq's oil ministry spokesman said that an oil price above $80 is "a positive indicator" but needs long-term stability. The oil ministry cited Asim Jihad on…
A fire erupted on Monday at a major oil refinery in Kuwait, the state-owned oil company said, reporting that some workers suffered from smoke inhalation and…
Oil prices hit their highest level in years on Monday as demand recovers from the COVID-19 pandemic, boosted by more custom from power generators turning away…
UAE Energy Minister Suhail al-Mazrouei said his country continues to invest in the energy sector to meet growing demand and ensure stability in global markets…
Palestinian businesses flush with too much Israeli cash: it may not be the most talked about aspect of the occupation, but experts warn it is a growing concern…
An undersea cable linking the electricity grids of Cyprus and Egypt could be key to helping both countries transition to a green economy and meet their…
The Saudi Public Investment Fund (PIF) announced on Saturday the launch of “THE RIG.”, a new tourism project that is inspired by offshore oil platforms. …
Moody’s Investors Service (Moody’s) has downgraded Tunisia’s long-term foreign-currency and local-currency issuer ratings to Caa1 from B3 and maintained the…
Saudi non-oil exports jumped 37% to a record SAR125.3 billion ($33.4 billion) in the first half of 2021, compared to SAR91.7 billion in the first half of 2020…
The Dubai Supreme Council of Energy has launched the Circular Economy Committee to bring public and private entities together to support the circular economy. …
China’s central bank said Friday that financial risks from China Evergrande Group’s debt problems are “controllable” and unlikely to spill over, amid growing…
Bitcoin breached the $60,000 mark for the first time since April on growing optimism that American regulators will greenlight the first US futures exchange…
UAE Minister of State for Foreign Trade Dr. Thani Bin Ahmed Al Zeyoudi and South Korean Trade Minister Yeo Han-Koo announced that the UAE and South Korea on…
Saudi Energy Minister Prince Abdulaziz bin Salman said that the OPEC+ alliance must take into account achieving balance in the oil market during 2022. “We…
Royal Dutch Shell has appointed Wael Sawan as head of its integrated gas and renewables division, replacing Maarten Wetselaar who will leave the energy company…
The Future Investment Initiative (FII) announced signing 16 partnerships with international corporate companies to make an impact in five key areas: artificial…
Greece and Egypt on Thursday clinched an agreement that sets the stage for an undersea cable that will transmit power produced by renewables from North Africa…
The UAE signed Memoranda of Understanding (MoUs) with 12 industrial entities to kick-start the newly-announced Fourth Industrial Revolution Program, known as …
OPEC has cut down its world oil demand growth forecast for 2021 while maintaining its 2022 view, its monthly report showed on Wednesday, but it said surging…