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…
Iraq set a new record in crude oil revenues in April, following the hike in prices resulting from the escalating crisis between the United States and Iran,…
Saudi Arabia’s stock market led a balanced performance over the last week, maintaining 8500 pts and a market value over two trillion Saudi riyals ($533.3…
Lebanese politicians and industrialists welcomed the government’s decision to impose a two percent import tax, arguing such measure would back the local…
For years, Google and Amazon stuck to their strengths. Google’s search monopoly and universe of online services seemed to present little overlap with Amazon’s…
The Lebanese Cabinet on Friday wrapped up weeks of haggling, as ministers agreed on a 2019 draft budget that aims to avert a financial crisis by cutting public…
The Saudi Agricultural and Livestock Investment Co (SALIC) announced it was leading a £7m funding round of investments for artificial intelligence startup…
The Saudi Authority for Industrial Cities and Technology Zones (MODON) has signed with Egypt's Pharco Pharmaceuticals, one of the dominant players in the…
Egypt's central bank on Thursday kept its key interest rates unchanged. The central bank held its overnight deposit rate at 15.75 percent and its overnight…
The Tunisian government announced that Tunisair will cut 1,200 jobs within three years under a restructuring plan. Those cuts will cost about TND170 million …
A consortium led by French EDF Renewables won a tender to build an 800 megawatt solar plant near the Moroccan city of Midelt. The consortium to build the…
Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced Wednesday that its subsidiary, Kirthar Pakistan, has signed an exploration license and…
Saudi Aramco signed a 20-year agreement to buy liquefied natural gas (LNG) from a forthcoming export terminal in Texas that US-based Sempra Energy is…
Russian Energy Minister Alexander Novak said that cooperation with Saudi Arabia would ensure a balance of supply and demand and the stability of the oil market…
The United Arab Emirates launched on Tuesday a new "Golden Card" system dedicated to foreign investors after they invested a combined 100 billion dirhams ($27…
Turkey has closed its ports to Iranian oil, fully complying with US sanctions against its main supplier, despite Ankara publicly criticizing Washington’s move…
Custodian of the Two Holy Mosques King Salman bin Abdulaziz has provided SAR100 million to the Joodeskan platform, reported the Saudi Press Agency. …
The Bahrain Petroleum Company announced on Sunday reaching financial closure on its multi-billion-dollar Bapco Modernization Program (BMP) with 21 banks and…
More than 400 applicants for the pilots program in Commercial Aviation and Aeronautics Studies at Saudi Arabian Airlines have completed the final acceptance…
The Saudi Arabian Monetary Authority (SAMA) announced on Sunday launching work for implementing a new structural arrangement for sales by installments. This…
UAE’s Minister of Energy Suheil al-Mazrouei has said that oil supplies have not been interrupted and that OPEC and non-OPEC oil producers are capable of…
Exxon Mobil’s decision to evacuate its foreign staff from the West Qurna 1 oilfield in southern Iraq on Saturday was “unacceptable and unjustified”, Iraq’s Oil…
Shell Lubricants Saudi Arabia and Al-Jabr Trading Co, Kia Motors’ dealer in Saudi Arabia, have celebrated the signing of a long-term strategic partnership…
The gains achieved by the Saudi stock exchange market have amounted to more than 10 percent since the beginning of 2019. Meanwhile, the market’s performance…
Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that he saw no oil supply shortage as global oil inventories are still rising, particularly…