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…
Saudi Arabia’s inclusion in the MSCI Emerging Market Index is expected to increase cash flow in the market bringing in about $30 to $40 billion of investment…
The sixth meeting of the Saudi-Russian Joint Committee for Trade, Economic and Scientific Cooperation reflected a genuine mutual desire between both countries…
Reinforcing its commitment to building a robust and sustainable homegrown military industry, Saudi Arabia Military Industries (SAMI) will participate in the…
Turkish analysts have started to question Qatar’s alleged support to their country’s economy as it continues to plummet and as the lira continues to weaken…
Uber announced UAE’s Minister of Economy Sultan al-Mansouri approved and cleared the first regulatory hurdle of its acquisition of Careem, making it the first…
The percentage of reserved hotels in the Moroccan city of Marrakesh reached 83 percent during April, compared to 76 percent for the same month in 2018,…
Saudi Arabia’s Citizen Account Program has deposited SR2.5 billion (some $650 million) for supporting beneficiaries of the 19th installment payments for June. …
High-level financial sources have warned against a slowdown in the process of restoring financial stability in Lebanon. The sources said that the time…
The sixth meeting of the Saudi-Russian Joint Committee on Trade, Economic and Scientific Cooperation was held in Moscow on Monday under co-chairmanship of…
Saudi Arabia’s Ministry of Communications and Information Technology signed a memorandum of cooperation with the Japanese Ministry of Internal Affairs and…
In surprise for some economists, official statistics agency CAPMAS reported a rise in Egypt’s annual urban consumer inflation which rose to 16 percent in…
The Egyptian government has defended its economic performance after a former minister alleged in a Foreign Policy Magazine opinion article that the country’s…
The Saudi stock exchange resumes Sunday, following Eid al-Fitr. This comes amid a significant rise in oil prices, with the closing of last week's trading,…
Foreign Investment in Tunisia increased 15.7 percent during the first quarter of the current year for about $280 million, announced the country’s Foreign…
Global gas demand is expected to grow at a rate of 1.6 percent a year until 2024, fueled by Chinese consumption which will account for over a third of the…
Gold prices steadied on Friday, but remained on course for their biggest weekly gain since March 2018, after rising expectations for a US rate cut and concerns…
Saudi Energy Minister Khalid al-Falih said on Friday that OPEC and its allies should extend oil production cuts at around current levels. Falih said OPEC…
World food prices rose for a fifth consecutive month in May after bad weather pushed up the prices of cheese and maize, the United Nations food agency said on…
Moroccan bank investments have exceeded MAD17.5 billion (USD1.84 billion) in 25 African states between 2007-2017, according to a report issued by the Ministry…
As Muslims plan and enjoy their celebrations for both concluding Islam’s holy month of fasting, Ramadan, and observing the Eid el-Fitr Holiday, the market for…
The State Oil Company of Azerbaijan Republic (SOCAR) is due to purchase crude oil from Iraq next month to process at the SOCAR Turkey Aegean Refinery (STAR)…
British petrochemicals maker Ineos is investing $2 billion to build three plants in Saudi Arabia that would form part of petrochemical complex being developed…
The unemployment rate among Saudis has dropped to 12.5 percent during the first quarter of 2019 compared to 12.7 percent in the previous quarter, according to…
Iran and Turkey are working on establishing a new anti-sanctions financial mechanism to protect mutual trade and economic ties and face US sanctions, announced…