China on Monday announced a two-month extension of export-control waivers due to expire this month, preserving part of a wide-ranging deal struck after a…
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…
The Private Sector Stimulus Unit at the Saudi Exports Development Authority launched the trial phase of the Saudi Exports Stimulus Program. The program…
Nissan shareholders Tuesday approved an overhaul intended to strengthen governance at the crisis-hit Japanese automaker, still reeling from the Carlos Ghosn…
The Tunisian government will invest more than USD 204 million in a series of huge projects that are set to provide around 6,000 job opportunities. The…
Lebanon’s central bank supports government efforts to cut the public debt servicing cost in the 2019 budget, but an agreement has yet to be concluded over the…
International cooperation on crude production has helped stabilize oil markets and is important now more than ever, Russian Energy Minister Alexander Novak…
Adviser to Pakistan’s Prime Minister on Finance Abdul Hafeez Shaikh confirmed on Monday that Islamabad has secured a bailout package of $3 billion from Qatar. …
An International Monetary Fund (IMF) mission to Lebanon hoped on Monday that parliament would approve the draft 2019 state budget as soon as possible The…
Egypt’s parliament approved the government’s 2019/2020 budget on Monday, targeting a 7.2% deficit for the year and 6% GDP growth. That compared with…
The blue and orange seats of Cairo International Stadium make an attractive spectacle and the playing surface, at least when set against the ferocious heat,…
ACWA Power, a developer, owner and operator of power generation and water desalination plants, signed an agreement with China’s Silk Road Fund, introducing it…
The non-oil sector grew 1.6 percent in the first quarter of the year, with the UAE’s gross domestic product hitting an annual rate of 2.2 percent driven by a…
The US Middle East economic plan unveiled Saturday promises major boosts to the Palestinian economy, with a goal of raising more than $50 billion in investment…
Saudi Arabia has become the first Arab country to join the Financial Action Task Force (FATF) after its Plenary Meeting agreed to grant the Kingdom full…
Turkey’s lira dropped on Friday as investors worried about the outcome of an Istanbul mayoral election on Sunday, as well as uncertainty over policymaking…
Washington is "very pleased" that Saudi Arabia is making sure that the global oil market is well supplied, the US envoy on Iran, Brian Hook, said on Friday…
Mitsubishi Motors Corp. shareholders approved on Friday the ouster of Carlos Ghosn, who was pivotal in the Japanese automaker's three-way partnership with…
Oil prices rallied towards $65 per barrel on fears of a US military attack on Iran. Brent crude was up 42 cents, or 0.66 percent, at $64.87 a barrel by 0850…
The Saudi Telecom Company (STC) Group has announced the official launching of the fifth generation (5G) wireless network service in the Kingdom. STC Group’s…
Saudi Arabian General Investment Authority (SAGIA) signed memorandums of understanding (MoUs) and agreements with investment entities in Japan in various…
The world’s largest aviation companies are taking part in the 53rd International Paris Air Show at Le Bourget Airport near Paris, in which Gulf aviation…
Saudi Arabia's consumer prices fell in May from a year earlier for the fifth month in a row, but the consumer price index (CPI) rose marginally from April,…
World oil prices rebounded strongly Thursday after Iran said it shot down a US spy drone near the Strait of Hormuz. Oil also won solid support, in tandem…
Saudi Arabian Military Industries (SAMI) has signed a joint venture agreement with L3 Technologies to collaborate on electro-optical and infrared (EO/IR) and…
The Committee of Foreign Affairs and National Defense and Islamic Affairs and MREs (Moroccans Residing Abroad) in the parliament ratified Wednesday a…