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…
The Central Bank of Egypt (CBE) board is considering re-opening the door for licensing international banks' branches to join the Egyptian market in the coming…
Saudi Aramco and the Saudi Information Technology Company have signed a Memorandum of Understanding (MoU) for the creation of an Information and Communication…
Morocco's net foreign direct investment flows amounted to 31.82 billion dirhams ($3.35 billion) at the end of November, an increase of 36.7 percent compared to…
The Saudi Fund for Development and the Jordanian government signed an agreement Monday to reschedule the repayment of $114 million debt. The agreement,…
The global oil market is “correcting”, UAE energy minister Suhail al-Mazrouei told reporters on Monday. He said at an event in Dubai that he expects …
UAE President Sheikh Khalifa bin Zayed Al Nahyan has issued a federal decree, ordering the reshuffle of the central bank’s board of directors. Central bank…
The Arab League launched a Joint Vision for the Digital Economy as a means to boost social development and stability. This comes within the framework of…
The Saudi General Authority of Civil Aviation (GACA) signed a series of strategic agreements in the field of civil aviation with a number of countries across…
The overnight interbank rate for Lebanese pounds fell to 15 percent on Monday thanks to increased liquidity, two banking sources told Reuters, after last week…
The King Abdullah Center for Petroleum Studies and Research (KAPSARC) signed a Memorandum of Understanding (MoU) with the Gulf Cooperation Council…
Saudi Arabia’s Housing Ministry announced that its Sakani program is offering up to 300,000 housing and financing options. The Kingdom’s national housing…
Kuwait announced that it was allowing foreign investors to own a bigger stake of its local banks. A press statement issued by the Ministry of Commerce and…
Oman will be cutting oil output by 2 percent from January for an initial period of six months, according to a letter sent to customers of Omani oil by the…
Lebanon's Central Bank will stick to its financial operations in 2019, Central Bank governor Riad Salameh told Reuters, adding a rise in global interest rates…
Saudi Aramco signed in Dhahran on Friday a Memorandum of Understanding (MoU) with Raytheon to establish a new company to develop and deliver the best…
Egyptian President Abdel Fattah al-Sisi said that investment-friendly factors enjoyed by Egypt today have made the country one of the top magnets for foreign…
The global oil market could move into deficit sooner than expected thanks to OPEC’s output agreement with Russia and to Canada’s decision to cut supply, the…
Lebanon is expected to witness a promising tourism season during the holidays despite a political deadlock caused by a delay in the formation of a new…
Iranian Oil Minister Bijan Zanganeh has said that his country has no plans to reduce its oil production, but will remain a member of OPEC, the official news…
Banking sector indices fell below the growth forecast for the current year, beating the effectiveness of incentives to raise interest rates by twice the…
The Arab-British Chamber of Commerce (ABCC) chose Bandar Ali Reda as its Secretary General and CEO during its Winter Reception. Reda was nominated for the…
Saudi reforms are enhancing the growth of small and medium enterprises sector to create jobs and boost the economy, as the Ministry of Labor launches 68…
An oil price hike boosted the expectations of acceleration in Gross Domestic Product (GDP) growth in the Arab region at an average rate of 2.8 percent to reach…
The Saudi trade and investment system has strengthened its success through a series of qualitative initiatives that have been undertaken over the past period…