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…
Standard & Poor’s (S&P’s) Global Rating has affirmed Saudi Arabia’s credit rating at (A-/A-2), with a stable outlook. It stressed that the Kingdom’s…
Saudi Basic Industries Corp's (SABIC) investment plans will not be affected by oil giant, said SABIC Vice Chairman and CEO Yousef al-Bunyan. Aramco's…
Oil prices rose about 1 percent on Friday, posting their biggest quarterly rise in a decade. Among others, lifting prices this year has been a deal between…
Egypt’s central bank has kept its key interest rates unchanged. It held its overnight deposit rate at 15.75 percent and its overnight lending rate at 16.75…
The Director General of the Saudi Industrial Development Fund (SIDF), Ibrahim Almojel, said that the fund’s appropriations during the 2018 fiscal year exceeded…
Tunisia's Finance Ministry has signed a syndicated loan of €356 million (usd399.6 million) from a pool of twelve local banks to finance the state budget. …
Saudi Aramco plans to issue a $10 billion bond to help fund its acquisition of a majority stake in Saudi Arabia’s petrochemicals firm, sources said. Aramco…
Saudi Aramco announced Wednesday it acquired a 70 percent stake in Saudi Basic Industries Corp (SABIC), in a deal worth USD69.1 billion. Saudi Minister of…
Morocco's Investment Commission, under the chairmanship of Prime Minister Saadeddine Othmani, approved Wednesday 28 new investment projects worth $2.4 billion…
The Egyptian cabinet said on Wednesday it had approved the proposed state budget for the fiscal year 2019 - 2020. Egypt's fiscal years start on July 1 ends…
The United Arab Emirates’ regulator is in the final stages of issuing a license to the operator of the Barakah nuclear power plant now being built but cannot…
Intra- Arab trade at the commodity level was expected to increase by 12 percent over the past year, according to Arab economists who have participated in…
Saudi Aramco is committed to long-term energy investments in China, and as the world’s largest oil producer, the company is determined to reduce its…
Bahrain announced that it has completed preparations to launch 5G mobile networks, putting it on track to be one of the first countries in providing commercial…
Aramco could play a significant role in China's “Belt and Road” initiative, said Saudi Aramco Chairman and CEO Amin Hassan al-Nasser. Using a combination of…
Egypt’s government, the Central Bank of Egypt (CBE) and real estate developers agreed on procedures to fund housing units, in order to contribute to spurring…
Saudi Arabia was China’s biggest crude oil supplier in February, data from the general administration of Chinese customs showed on Monday, reclaiming the crown…
The Abu Dhabi National Oil Company (ADNOC) signed agreements awarding the exploration rights for Abu Dhabi Onshore Block 1 to a consortium of two Indian oil…
Dubai Electricity and Water Authority (DEWA) and the consortium led by Saudi Arabia’s ACWA Power and Chinese government-owned Silk Road Fund announced the…
Saudi Customs is planning on signing with Bahrain and UAE this year two agreements on mutual recognition to facilitate Saudi export procedures, announced…
The Central Bank of Yemen (CBY) announced it will enforce an emergency monetary policy, which will be discussed with currency exchange market magnates to stop…
The Board of the Capital Market Authority (CMA) has agreed to appoint new members to its Advisory Committee in its sixth term. The Board indicated that the…
Uber Technologies Inc will announce plans to acquire Dubai-based rival Careem Networks FZ as early as this week, Bloomberg reported on Sunday. Uber will pay…
The second session of Makkah Economic Forum 2019 was inaugurated Saturday by Prince Khalid al-Faisal, Advisor to the Custodian of the Two Holy Mosques and…