Saudi stocks closed higher on Monday, recovering some of the losses sustained in the previous session as heavyweight shares strengthened and the banking sector…
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…
Italmatch Chemicals S.P.A. inked a deal with SADIG Industries to establish a comprehensive chemical industrial compound for phosphate in Waad AlShamal and…
ADNOC Distribution, the UAE’s leading fuel and convenience retailer, has announced the start of operations in the Saudi Arabia, with two service stations…
Saudi Basic Industries Corporation (SABIC) signed on Wednesday an agreement to extend its joint venture with the Japan Saudi Arabia Methanol Company (JSMC),…
Ousted Nissan chairman Carlos Ghosn will face a further accusation of under-reporting his salary by about four billion yen ($35.5 million) over the last three…
The Foreign Exchange Office (Office des Changes) in Morocco statistics revealed that Moroccan foreign investments in North Africa rose sharply in 2017,…
Saudi Arabia plans to attract investments in the transportation sector worth more than SAR70 billion ($18.6 billion) by 2020. In parallel, the ministry of…
Egypt will commence trial operation of Giza and Fayoum fields before the end of December with an output average of 700 million cubic feet of gas per day before…
Despite being in a chaotic region, Jordan's economy is sound and fit to grow and was capable to develop a tolerance to surrounding repercussions, asserted…
The United Arab Emirates and India stressed the importance of sharing views on regional and international issues of interest while the two discussed the latest…
The announcement of Saudi-Russian agreement to extend the "OPEC plus" agreement in addition to the US-China trade arm agreement led to the rise in oil prices…
Deputy finance minister Ahmed Kouchouk said Egypt was aiming to lengthen the average maturity on its debt to 3.5 years by the end of June of the fiscal year…
The Saudi Ministry of Commerce and Investment revealed a steady increase in the number of companies and establishments during the third quarter of 2018,…
OPEC made light on Monday of Qatar’s decision to quit the oil exporting group in January 2019. Despite Doha’s claims that it was withdrawing from the group…
The meeting between Saudi Crown Prince Mohammed bin Salman and Russian President Vladimir Putin on the sidelines of G20 Summit in Argentina was positively…
Petrochemicals company SABIC’s announcement of signing memorandums of understanding (MoUs) with six multinational suppliers to establish strategic alliances…
The unemployment rate in Jordan for the third quarter of this year has reached 18.6 percent, with an increase of 0.1 percent compared to the same period of…
Qatar announced on Monday that it was quitting OPEC from January 2019. Minister of State for Energy Affairs Saad al-Kaabi told a news conference that Doha’s…
Turkey’s consumer price index fell 1.44 percent month-on-month in November, official data showed on Monday, bringing the annual inflation rate down from a 15…
Saudi Arabia and Sudan have launched a new agricultural partnership as part of the implementation of the Arab food security initiative. High hopes are…
Egyptian Tourism Minister Rania al-Mashat said Saturday that Egypt is currently implementing the necessary reforms to the laws and regulations governing the…
Six Arab and foreign firms operating in the technology sector have submitted requests for investment in Sudan. Some estimate e-payment transactions in Sudan…
Somalia plans to launch its first international bidding for oil exploration next year and has sought Egypt’s experience in this field, Egyptian Minister of…
Lebanon’s Banque du Liban governor, Riad Salameh, said that preparations were underway to issue a digital currency in the Lebanese pound, to be used locally…
Saudi Arabian Electricity Company (SEC) signed a revolving credit facility agreement with eight international banks on Thursday worth no more than $2.15…