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 Lebanese are eagerly awaiting the return of Gulf tourists to their country after Saudi Arabia lifted the travel ban on their country and the UAE ambassador…
Saudi Arabia’s Shura Council has approved the “Privileged Iqama” program. Styled after the Green-Card residency scheme, the new system opens up major…
NEOM CEO Nadhmi Al-Nasr and advisory board member Andrew Liveris, who is the former CEO of The Dow Chemical Company, have spoken to a large audience in Las…
The real question is not why the stock market is down this week. It is why it is down so little. After all, the world’s two largest economies have seemed to…
Turkish Lira hit eight-months low affected by Istanbul’s election crisis, which could trigger further economic changes. As a result, the central bank…
Saudi Arabia’s Citizen Account Program announced depositing SR 2.5 billion (approximately $ 650 million) for selected beneficiaries for May. Total compensation…
In its 2018-19 annual report, the Emirates Group posted a profit of AED 2.3 billion ($631 million) for the financial year ended 31 March 2019, down 44% from…
Bahrain said it received $2.3 billion last year and is expecting another $2.28 billion in 2019 under an agreement with its Gulf allies to bail it out of a…
The Food and Agriculture Organization of the United Nations (FAO) has approved to fund a project to support agricultural investments in Tunisia. The project…
Egypt’s annual urban consumer price inflation dropped to 13.0 percent in April from 14.2 percent in March, official statistics agency CAPMAS said on Thursday. …
The Saudi British Joint Business Council (SBJBC) said joint ventures in various sectors, including renewable energy and entertainment, are set to be launched…
US Energy Secretary Rick Perry told CNBC on Tuesday that Saudi Arabia is increasing its oil production to meet needs arising from sanctions on Iran. “Our…
The Turkish lira recorded a new decline Tuesday after the elections board ruled to re-run Istanbul municipal elections at the request of the ruling Justice and…
South Sudan and South Africa on Monday signed a six-year production-sharing agreement for an untapped exploration block in the East African country, where…
Saudi Arabia's Industrialization and Energy Services Company (TAQA) announced Monday its plan to start new investments and acquisitions, worth SAR4.5 billion (…
Saudi Arabia’s revenues rose more rapidly than expenditures, which led to a budget surplus of SAR28 billion ($7.4 billion) in Q1 2019, according to an economic…
Tunisia saw an 18 percent increase in the number of tourist arrivals during the first four months of this year compared to the same period last year, according…
Algeria’s first quarter energy earnings fell 1.68 percent year on year, official figures showed on Sunday. That increased the OPEC member country’s trade…
Egypt expects the 1.6 gigawatt solar park it is building in the south of the country to be operating at full capacity in 2019, the investment ministry said in…
Saudi Aramco announced Saturday developing a new technology to improve the performance of vehicle engines to achieve two goals. The first goal is to reduce…
A consortium composed of Saudi Arabia-based utility developer ACWA Power, Kuwait’s Gulf Investment Corporation (GIC) and Alternative Energy Projects Company …
Illegitimate tariffs collected from agricultural traders, both wholesale and retail, by Houthi militiamen in Sanaa has triggered a spike in commodity prices,…
Tunisia’s annual inflation rate in April slowed to 6.9 percent from 7.1 percent in March, official data showed on Saturday. Inflation was 7.3 percent in…
The World Bank expected economic growth in the Gulf Cooperation Council (GCC) region to increase to 3.2 percent next year and stabilize at 2.7 percent in 2021…