On the eve of the opening of the 31st United Nations Climate Change Conference (COP31) on Monday in the Turkish city of Antalya, attention is focused on the…
Gold rose more than 1% on Monday as softer oil prices eased inflation concerns, while investors awaited key US inflation data and fresh signals from the…
Gulf Cooperation Council (GCC) countries signed an agreement in Manama on Sunday to advance a 2,117-kilometer railway linking all six member states by 2030, as…
Saudi Gold Refinery Company (SGR) announced Sunday it has secured 10 licenses to explore gold in the Republic of Tanzania, covering a total area of nearly 1…
Saudi Arabia and Kuwait are the closest in years to restoring oil output from the neutral zone shared by the neighboring nations after making a breakthrough in…
Kuwait’s National Assembly (parliament) approved Wednesday 2020’s budget with an expected $22 billion deficit. Meanwhile, MPs continue to reject the…
Saudi Industrial Development Fund (SIDF) is preparing to start a new phase that would stimulate, support and finance the private sector, contributing to the…
The Arab British Economic Summit 2019 (ABES 2019), which kickstarted in London on Wednesday, witnessed the participation of dozens of representatives of major…
A memorandum of understanding (MoU) was signed between Iraq and Oman to cooperate in the oil and gas sector. The MoU also includes the possibility of…
Saudi Minister of Finance Mohammed al-Jadaan said Wednesday that Saudi Arabia’s successful offering of its inaugural euro-denominated international bond…
Saudi Arabian Military Industries (SAMI) and South Africa’s Paramount Group have signed a collaboration agreement as part of the Kingdom’s efforts to develop…
Al Dhafra Petroleum announced Tuesday it has begun producing crude oil from Abu Dhabi’s Haliba field and discovered potential resources in three new fields in…
UAE’s cabinet approved a decision allowing foreign investors in the sectors and economic activities eligible of ownership up to 100 percent in the UAE. A…
Electricity of Vietnam announced that the Vinh Hao 6 solar power plant in Binh Thuan province has reached Commercial Operation Date (COD) after completing a…
$2.2 MILLION (1.95 MILLION EUROS) This three-bedroom, loft-style home is in Penha de Franca, a residential section of Lisbon, Portugal, near the city’s…
Saudi Arabia is working towards listing Saudi Aramco in 2020-21 as the state oil giant moves towards completing its merger with petrochemical firm Saudi Basic…
Saudi Arabia has issued Euro-denominated bonds, its first in that currency, after the Kingdom hired Goldman Sachs and Societe Generale as global coordinators…
Saudi Arabia plans to issue a new e-commerce system to further organize the relationship among the concerned parties in the sector in light of the growth of e…
International tensions over trade could have a positive outcome for agriculture by reviving efforts to reform the most ineffective of policies that distribute…
Saudi Basic Industries Corp (SABIC) signed Monday an agreement with the Japan Saudi Arabia Methanol Company (JSMC) to renew the partnership in the Saudi…
Turkey's government has decided to postpone until October planned tax rises for high earners and ultra-luxury housing sales because parliament is about to go…
State-owned Kuwait Oil Co. and Halliburton Co. signed a 181.4 million dinar ($597 million) contract to explore for oil off the coast of Kuwait. The contract…
OPEC agreed Monday to extend by nine months daily oil output cuts. The expected news followed an official ministerial output meeting of the 14-nation…
Saudi Arabia's economy has grew 1.66 percent in the first quarter of this year, in an expected improvement. This rate approaches the rate reached during the…
Qatar has witnessed a remarkable drop in foreign direct investment in 2018, with the exit of $2.18 billion compared to an inflow of $986 million in 2017. The…
Saudi Arabia’s Neom Bay Airport received on Sunday its first commercial flight. Director General at Saudi Arabian Airlines Saleh al-Jassar and Neom CEO…
Saudi Energy Minister Khalid al-Falih has said OPEC and its allies are set to extend oil supply cuts at least until the end of 2019 and no deeper reductions…
Saudi Arabian Military Industries (SAMI) announced on Sunday that it has signed a Memorandum of Agreement (MoA) with Korean conglomerate Hanwha Group’s three…