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…
Saudi Basic Industries Corporation (SABIC) announced on Thursday in Riyadh that it has signed memorandums of understanding (MoUs) with six multinational…
Jordan’s cabinet approved a JOD9.25 billion (USD13 billion) budget for 2019 as part of a reform of public finances to ease the country’s record debt burden and…
Zain Saudi Arabia has accepted an offer from IHS Holding, a mobile tower operator, for the sale and leaseback of its tower infrastructure in a deal valued at…
UAE government launched a new-generation of 'On-Demand Government Services' that reaches citizens in their homes and residences aiming to enhance customer…
Saudi Arabia's ACWA Power Group said that it is proceeding with implementing the second expansion project of Shuaibah station, scheduled to be completed within…
Al-Khabeer REIT Fund's returns of 9 percent per annum are considered among the highest rates in comparison with other real estate investment trade funds listed…
Russian President Vladimir Putin said on Wednesday that “a 100 percent” success in oil production cuts by the Organization of the Petroleum Exporting Countries…
Egypt won’t ask for further funding from the International Monetary Fund when its $12 billion program expires next year but is open to maintaining a looser…
Yousef Al-Benyan, Vice Chairman and CEO of SABIC and Chairman of the Gulf Petrochemicals and Chemicals Association (GPCA), said that this is a landmark in the…
Saudi Aramco, the world’s largest oil producer, announced on Tuesday its plan to reach a target of 8-10 million barrels per day (bpd) of integrated refining…
Saudi Arabia is preparing to launch the King Salman Energy Park (SPARK), a company managed by Saudi Aramco, with a $1.6 billion worth of investments allocated…
Saudi Commerce and Investment Minister Majid Bin Abdullah Al-Qasabi on Tuesday reaffirmed that the Kingdom has worked for providing a positive environment to…
Unemployment rate in Saudi Arabia is estimated at 12.9 percent, according to a senior official in the Saudi Ministry of Labor, who pointed out that the…
Saudi Aramco signed on Monday a number of memorandums of understanding (MoUs) and agreements with suppliers representing local and international companies…
Egyptian President Abdul Fattah al-Sisi visited on Monday the Saudi pavilion at the 15the International Arab Mineral Resources Conference that is being held in…
Dubai is preparing for Expo 2020, as 190 countries confirmed their participation in this year’s expo themed ‘Connecting Minds, Creating the Future’. The…
Tunisia has been working on implementing projects for a 30 percent increase, around 5 million tons, in its annual production of phosphate in 2019. According…
Kuwait Oil Tanker Co. (KOTC) has ordered three giant liquefied petroleum gas tankers (LPG) from Hyundai Heavy Industries at a cost of KWD64.895 million (USD213…
Executives at Mitsubishi Motors Corp said on Monday that they decided to remove Carlos Ghosn from his role as chairman, following his arrest and ouster from…
Algeria’s energy earnings rose 18.21 percent in the first 10 months of this year from the same period in 2017, pushing down the trade deficit by 58.65 percent,…
The decision of the Libyan Airlines and Afriqiyah Airways to raise the prices of flight tickets starting December has caused a hustle in local markets and has…
Mega development projects nationwide have been inaugurated by Saudi King Salman bin Abdulaziz, in the presence of Crown Prince Mohammed bin Salman, during a…
South Africa will invest $1 billion in South Sudan's oil sector, including in the construction of a refinery, the South African minister for energy and his…
The Egyptian government targets a GDP growth of 6.5% in the coming fiscal year (FY) 2019/20 up from 5.3% in FY 2018/19, according to a press statement on…