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…
Tawazun Economic Council has announced the launch of the Defense and Security Development Fund with a capital of AED2.5 billion ($680 million) to enable the…
Director for the Middle East and Central Asia at the International Monetary Fund (IMF), Jihad Azour, said that Arab countries can benefit from larger and more…
Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, while US…
Saudi Arabia's economic growth is expected to reach 2% in 2019 on the back of the kingdom's mega spending budget SAR 1.1 trillion, a new report by Jadwa…
Two lawyers defending former Nissan chief Carlos Ghosn submitted their resignations on Wednesday, their law firm said in a statement, in a stunning twist to…
Saudi Arabia plans to produce around 9.8 million barrels per day of oil in March, over half a million bpd below its pledged production level under a global…
Foreign cash inflows in Egypt have exceeded $163 billion in the last three years, as the country’s gross domestic product (GDP) rose 5.5 percent in the second…
CEO of the King Abdullah Port Rayan Qutub stressed on Monday that Saudi Arabia’s Vision 2030 focuses on the logistics sector as the developer of the economy. …
Battling a sharp rise in food costs, Turkish authorities opened their own markets on Monday to sell cheap vegetables directly to shoppers, cutting out…
Saudi Housing Minister Majed al-Hogail paid a visit to Samba Financial Group on Sunday and met its Chairman, Ammar al-Khudairi. Hogail congratulated him on…
Boeing signed a Memorandum of Understanding (MoU) with the National Industrial Development and Logistics Program (NIDLP), Saudi Arabian Industrial Investments…
The Managing Director of International Monetary Fund, Christine Lagarde, hailed the steps taken by a number of Arab states to enhance their financial framework…
The Saudi Ministry of Energy, Industry and Mineral Resources, the Japanese Ministry of Economy, Trade, and Industry, and other organizations have completed an…
The International Monetary Fund has said that it agreed with Jordan on the kingdom’s policies and reforms for 2019, anchored on a gradual and steady fiscal…
Albanian Prime Minister Edi Rama urged Saudis to benefit from investment opportunities in the country in several vital sectors including agriculture, water,…
A recent study by the Chamber of Commerce and Industry in Riyadh has unveiled 493 investment ventures in the country between 2013-2017 worth USD43.3 billion…
World food prices rose in January, buoyed by a rebound in dairy prices and stronger showings for vegetable oils and sugar, the United Nations food agency said…
Saudi Arabia has cut its crude output in January by about 400,000 barrels per day (bpd), according to two OPEC sources. The sources, quoted by Reuters, said…
The CEO of the Moroccan Airports Authority, Zuhair Mohamed El Aoufir, and the Middle East & North Africa Business Aviation Association (MEBAA) Board Member,…
An independent bank with a capital of $8 billion will be set up to finance local exporters and foreign importers in line with international best practices in…
The Abu Dhabi National Oil Company (ADNOC) said Wednesday it has awarded a dredging, land reclamation and marine construction contract to build multiple…
A Saudi-UAE strategic partnership in the energy sector was announced on Wednesday in Riyadh, represented by the establishment of a new joint entity that…
The Saudi Electricity Company (SEC) announced that its earnings reached SR1.78 billion in the fourth quarter of 2018 after the deduction of Zakat and taxes,…
The Saudi Arabian Monetary Authority (SAMA) announced Wednesday its compliance with the Global Investment Performance Standards (GIPS) from the CFA Institute,…