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 oil output may edge up in June, sources familiar with the kingdom’s policy said, but the extra crude may be used for domestic power generation…
Iranian oil exports will slide in May as the United States tightens the screws on Tehran’s main source of income, industry sources said, deepening global…
Egypt targets to gradually raise economic growth rate to 8 percent in 2021/22, up from 5.3 percent in 2017/2018 and enhance private investment role in pushing…
Mitsubishi Hitachi Power Systems (MHPS) launched a national program in Saudi Arabia to manufacture Gas Turbines and Services built and serviced by Saudi…
The General Authority of Civil Aviation (GACA) of Saudi Arabia said on Thursday that the Kingdom is among Arab states nominated for membership of the…
Global rating agencies have expected a greater growth for the Saudi economy. Fitch and Moody's have affirmed Saudi Arabia's credit rating at A+ and A1…
The Saudi Public Investment Fund (PIF) is planning to open a new office in Asia “to focus on China,” its managing director told CNBC in an interview on Tuesday…
The World Bank Group announced extending its Country Partnership Framework (CPF) 2015–2019 with Egypt for two years, with Cairo's economic reforms showing…
The Abu Dhabi National Oil Company, ADNOC, announced on Wednesday – as part of Abu Dhabi’s block licensing strategy and on behalf of the Supreme Petroleum…
More than 250 new foreign investors were issued licenses in Q1 2019, permitting them to operate in Saudi Arabia, reported the Saudi Press Agency Wednesday. …
Fitch Ratings has affirmed Saudi Arabia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at A+ with a Stable Outlook. The Kingdom’s ratings are…
The International Monetary Fund (IMF) excluded gulf countries, mainly Saudi Arabia and the United Arab Emirates, as well as Egypt, from its 2019’s low economic…
Turkish Central Bank Governor Murat Cetinkaya said on Tuesday the bank can tighten monetary policy if inflation risks materialize and he played down concerns…
The International Monetary Fund (IMF) estimated that Saudi Arabia’s economic growth in 2019 may be slightly higher than its earlier 1.8 percent forecast as the…
Saudi Arabia’s Industrialization and Energy Services Company (TAQA) announced Sunday that its drilling subsidiary - Arabian Drilling Company (ADC) - has agreed…
A senior official at the International Monetary Fund said Algeria has to do its best to avoid economic instability as the country moves on from its political…
The Saudi Arabian Monetary Authority (SAMA) monthly bulletin revealed the rise of assets 2.6 percent in March on a monthly basis, an increase of around SAR48.4…
The Arab Monetary Fund (AMF), in cooperation with the World Bank Group, will hold a seminar in Abu Dhabi, UAE, focusing on capability-building of employees of…
The Abu Dhabi Fund for Development signed an agreement with the Central Bank of Sudan, to deposit $250 million, equivalent to AED 918 million, in order to…
Saudi Basic Industries Corporation (SABIC) posted a net profit of SR3.41 billion in the first quarter of 2019, with an increase of 5 percent compared to SR3.24…
Tunisia’s foreign reserve dropped to cover 76 percent of import. Experts in economy and finance saw this an evidence of the ongoing the structural crisis…
The number of merger and acquisition deals (M&As) in the Gulf Cooperation Council (GCC) grew 39 percent year-on-year during the first quarter of 2019,…
Abu Dhabi Global Market (ADGM) will see the establishment of $1 billion Abu Dhabi-based investment fund, Abu Dhabi Catalyst Partners. he new enterprise…
The Moroccan government has announced upping wages for nearly 800,000 state body and public administration employees over the next three years. The boost,…