Tesla will have to refund Cybertruck deposits for many customers as orders far exceed production capacity, CEO Elon Musk said, following last week's…
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…
Kuwait’s newly appointed oil minister Khaled al-Fadhel has reiterated his commitment to OPEC's output reduction agreement with non-OPEC members to curb oil…
The Saudi Ministry of Environment, Water and Agriculture signed on Monday an agreement to implement the first privatization program in Saudi Arabia. The…
Saudi Arabia overtook Russia as China's largest crude oil supplier in November, breaking Russia's 19-month streak, data from China’s General Administration of…
Iran's government faces acute economic challenges as it announces its annual budget, expected on Tuesday, and not all of its problems are the result of US…
Saudi Arabia’s National Commercial Bank (NCB) and Riyad Bank have begun preliminary discussions to study the possibility of a merger, an important step in the…
The Ministry of Finance and Economic Planning launched Sunday an open tender on the supply of 500,000 tons of wheat and flour, in response to a wave of…
OPEC and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the current cut in oil output by 1.2 million barrels per…
Kuwait appointed Monday Khaled al-Fadhel as oil minister as part of a reshuffle that saw three new ministers take up their posts, reported the KUNA news agency…
Saudi Arabia stressed that it was granting women their civil and humanitarian rights, without any discrimination, and working on removing challenges to empower…
Turkey received $8.1 billion in net international direct investment in the past 9 months. The sum of net foreign direct investment (FDI) was $7.76 billion…
Sudan’s government has adopted its 2019 state budget as the country reeled from fresh protests over the rising cost of bread. The new budget kept subsidies…
The expansion of the Egyptian private sector’s activities will continue to be constrained by rising interest rates, which are expected to maintain this trend…
The Tunisian parliament has approved an agreement with the Islamic Development Bank to provide the country with a 121 million euro loan for its electricity…
The United States has reached an agreement in principle with Iraq to extend for 90 days an exemption to sanctions against Iran, allowing Baghdad to keep…
Jordan and Iraq on Wednesday stressed their keenness to enhance economic relations and discussed the possibility of Iraq importing 30,000 barrels per day of…
The situation of financial markets has changed positively in Beirut in line with an improved political atmosphere and the imminent announcement of the new…
Omar Effendi, a subsidiary of Holding Co for Construction and Development (HCCD), has signed a settlement agreement with the International Finance Corporation …
Japanese prosecutors re-arrested on Friday the ousted Nissan boss, Carlos Ghosn, over fresh allegations of making the company shoulder $16.6 million in…
Saudi Minister of Health Dr. Tawfiq al-Rabiah said the institutional transformation is allowing his ministry to focus its efforts on regulating and supervising…
The Saudi Arabian Monetary Authority (SAMA) renewed on Wednesday its emphasis on banks not to deduct from the monthly cost of living allowance in return for…
Carlos Ghosn could soon be freed on bail after a Japanese court Thursday made an unexpected move in throwing out a bid by prosecutors to extend his detention. …
Throughout five years, non-oil revenues increased by 150 percent from USD33.9 billion (SAR127 billion) in 2014 to around USD83.5 billion (SAR313 billion),…
Finance Minister Mohammed al-Jadaan has expected the Kingdom to swiftly move from the planning to the implementation phase in meeting the objectives of the…
Iraq and US company Schlumberger Ltd agreed to drill 40 wells in the giant Majnoon oilfield, the Oil Ministry said on Wednesday. Iraqi Oil Minister Thamir…