Saudi Aramco's financial results and Saudi Arabia's third-quarter budget performance report, released on the same day, revealed a divergence between the…
Cryptocurrencies briefly dipped on Wednesday as Democrats won majorities in both the Senate and House in the US midterm elections, a potential blow to an…
Saudi Arabia’s non-oil private sector continued to expand in October, with business activity and output growth accelerating despite a decline in the Riyad Bank…
Saudi Arabia’s non-oil revenue surpassed oil revenue in the third quarter of 2026 for the first time since 2020, highlighting progress in diversifying…
The United Arab Emirates and Jordan signed on Wednesday an agreement to launch a $2.3 billion rail project to Aqaba port and to create a joint company to build…
The Public Investment Fund (PIF) Board of Directors, chaired by Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, has approved…
At a time when geopolitical tensions are disrupting the stability of vital maritime corridors, fundamental questions are emerging about the ability of major…
The aviation services sector continues to demonstrate strong resilience amid geopolitical tensions disrupting air traffic across the Middle East, said Hassan…
Saudi Arabia will provide $3 billion in additional support for Pakistan to help the South Asian nation bridge a multi-billion-dollar gap in its finances linked…
South Korea has secured supplies of more than 270 million barrels of crude oil via routes unaffected by the US blockade of the Strait of Hormuz, a senior…
Oil prices fell for a second day on Wednesday on expectations peace talks between the US and Iran may resume and supply will eventually be released from the…
The International Monetary Fund cut its 2026 growth forecasts for Gulf economies, citing uneven exposure to energy markets and trade disruptions, as well as…
As military tensions flare in the Strait of Hormuz, another battle is unfolding behind the scenes, one no less dangerous. Insurance companies have emerged as…
The world may be already drifting towards the International Monetary Fund's "adverse scenario" forecast of weaker 2.5% global growth in 2026 even as it…
Baghdad's oil ministry said Tuesday it has "understandings" with the United States and Iran to reduce the impact of the blockade of the Strait of Hormuz on…
Saudi Arabia has invested about SAR100 billion ($26.7 billion) in its water sector since 2018, as part of its National Water Strategy to improve efficiency and…
Gold prices rose on Tuesday, supported by a softer dollar and easing inflation fears as oil prices dropped on hopes of further US-Iran peace talks. Spot…
China's exports grew at a slower pace last month after starting the year with a surge, official data showed Tuesday, as the global economy reels from war in…
The global economy enters a new stage of uncertainty as the US Central Command (CENTCOM) said American forces began implementing a blockade of maritime traffic…
Global technology company Lenovo has inaugurated its regional headquarters in Riyadh, after investing more than 2 billion riyals ($532 million) in the Saudi…
Pakistan is considering Eurobonds, loans from other countries and commercial debt to replace a $3.5 billion facility from the United Arab Emirates (UAE) and…
The head of the International Energy Agency, Fatih Birol, said on Monday he hopes another oil stockpile release is not needed but "we stand ready to act" if…
Germany's Hapag-Lloyd said on Monday that it is difficult to assess what effect US President Donald Trump's plans to block the Strait of Hormuz would have on…
More than 32 million people worldwide could be plunged into poverty by the economic fallout from the Iran war, with developing countries expected to be hit…
The European Union's member states must coordinate on energy prices amid a 22 billion euro ($25.70 billion) increase in fossil fuel bills since the start of…
Iraq’s oil exports plunged in March to 18.6 million barrels, down from 99.87 million in February – a drop of 81.3 percent - due to the closure of the Strait of…
The Middle East war will dominate global finance officials' talks this week in Washington, but World Bank President Ajay Banga is sounding the alarm about a…
Gold prices touched a near one-week low on Monday, pressured by a stronger dollar, while a surge in oil prices following failed US-Iran peace talks fueled…