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…
Bahrain International Airshow 2018, which concluded on Friday, has witnessed sealing deals worth USD5.1 billion. Deals of the Saudi Gulf Airlines were the…
Saudi banks listed in the local financial market posted huge profits of $10.05 billion in the first nine months of 2018, according to financial results. …
Turkey has rolled back some restrictions on the use of foreign currencies that were brought in at the height of an economic crisis this year, according to a…
The central government of Iraq agreed on Friday to resume oil exports from Kirkuk. "The federal government and the government of the Kurdish (autonomous)…
Bahrain's transportation and telecommunications minister Kamal bin Ahmad said that his country is working on three giant projects; King Hamad Causeway, the…
Egypt's mergers and acquisitions (M & A) deal value increased to reach $1.5bn with 14 deals in total so far this year, overtaking 2017 which only had 10 deals…
Bank deposits in Lebanon have risen by 4 percent on the year, Central Bank Governor Riad Salameh said on Thursday, and he maintained his economic growth…
Turkey's unemployment rate stood at 11.1 percent in August, up 0.5 percentage points compared to the same month a year earlier, the country's statistical…
OPEC and its allies are looking to find a balance in the global oil market through plans to cut production next year to prevent a growing supply, while…
InfoWatch Group has released a report on confidential data leaks from organizations in the Middle East, covering the period from July 1, 2017, through June 30…
With US re-imposed sanctions against Iran scaling back Iranian economic activity in the region, Turkey is looking to fill the void in commodity exports left…
The Abu Dhabi National Oil Company (ADNOC) has announced an AED5.1 billion (US$1.4 billion) investment to upgrade and expand its Bu Hasa field that will…
The Saudi Military Industries Company (SAMI) emerged as a leading participant in the fifth edition of the Bahrain International Air Show (BIAS), which is being…
The International Monetary Fund (IMF) said Iran needs oil prices to reach USD98.6 a barrel this year and USD95.4 next year to balance its budget. The IMF…
Economic growth in the Gulf will recover in 2018 from a contraction last year but remains vulnerable to volatility in crude oil prices, the International…
OPEC sees demand for its own crude falling even faster than expected in 2019 as a slowing global economy crimps demand and rival supplies surge. For 2019,…
Jordan announced on Tuesday that it was seeking to increase its natural gas imports from Egypt to cover a third of its demands. Hala Zawati, Jordanian…
Held under the patronage of President Sheikh Khalifa bin Zayed Al Nahyan, Abu Dhabi hosted the Abu Dhabi International Petroleum Exhibition and Conference …
Oil prices rose nearly 2 percent on Monday, recording the biggest daily rise in more than a month, after Saudi Energy Minister Khalid al-Falih said that the…
Egypt welcomes the private sector's investments in public companies whether through participation or as strategic investors or through the IPO, announced…
Lebanon is heading towards a serious financial crisis due to the government’s debt maturities in the near term, which must be paid in US dollars, with a…
Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) signed on Monday a strategic framework agreement to create opportunities for cooperation in the natural…
The Saudi Electricity Company has obtained a golden classification of accreditation certificate from the British Society for Ideas of Creativity and Innovation…
Lebanon's Central Bank Governor Riad Salame said he hoped the new government would be formed soon to carry out necessary reforms in the public sector and…