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…
King Abdullah Economic City (KAEC) has awarded new contracts worth over SAR1.2 billion (USD320 million) for the construction and development of several sectors…
Oil producing countries should cut output by one million barrels per day to re-balance the market, Saudi Arabia's energy minister said Monday, following a drop…
The Abu Dhabi National Oil Company (ADNOC) has signed an agreement with French oil and gas major Total, granting it a 40 percent stake in the Ruwais Diyab…
Oman Oil Minister Mohammed bin Hamad al-Rumhi said on Sunday that the majority of OPEC and allied oil exporters support a cut in the global supply of crude. …
Bahrain is currently focusing on upgrading the performance of five sectors that will give the Gulf state a competitive power on regional and world stages. …
Standard & Poor's credit rating for Egypt stands at B with a stable outlook, but the agency warned of financial challenges facing the country in light of its…
Saudi Ministry of Municipal and Rural Affairs has removed encroachments at government lands in different regions and provinces in the kingdom, within its…
Iraqi Prime Minister Adel Abdel Mahdi received on Saturday visiting Saudi Minister of Energy, Industry and Mineral Resources Khalid al-Faleh and accompanying…
Jordan’s Minister of Energy and Mineral Resources Hala Zawati inaugurated Friday a new wind power plant in Tafileh governorate, southwest of Amman, at a total…
The financial results of the first nine months of 2018 for 131 Saudi companies, which are listed in the local stock market, were announced on Friday. The…
Egypt has a variety of economic factors that will enable it to achieve strong growth in the coming years, provided that the implementation of financial and…
Strategic collaboration between Saudi Arabia and Russia continues to progress with Saudi Aramco President and CEO Amin Al-Nasser who attended the…
Saudi Aramco and a number of Chinese companies, including Tsinghua University and Shandong Chambroad Petrochemical Company, announced on Friday the launch of a…
Saudi investors have been among the leading investors in the technology sector in Bahrain, according to recent data published by Bahrain’s Ministry of Industry…
Steffen Hertog, a Gulf specialist and associate professor at the London School of Economics and Politics, affirmed that the Saudi reforms in the past three…
The number of tourists to Egypt soared 40 percent in the first nine months of 2018 from a year earlier, recovering from a slump that began with the so-called …
Kuwait celebrated the export of the first shipment of light crude oil, while state-owned Kuwait Oil Company said the country plans to increase production…
The Saudi economy is adapting to structural changes and is expected to grow by 2.2 percent in 2018, compared to a 0.9 percent decline last year, according to…
The Turkish lira traded at 5.34 against the dollar on Tuesday, around its strongest levels in three months, supported by investor optimism after it received a…
Global oil markets are currently stable, Kuwait's Oil Minister Bakhit al-Rashidi said on Tuesday, adding that he expects such stability to continue until the…
US sanctions on Iran are unlikely to impact the oil market due to a glut in supplies globally, but Iran’s production capacity could be hit due to a possible…
Egypt’s non-oil private sector weakened slightly in October in October. The Emirates NBD Purchasing Managers’ Index (PMI) for Egypt fell slightly to 48.6…
Oil prices witnessed a slight and expected fluctuation on Monday as sanctions on Iran's fuel exports were eased as as they went into effect, allowing major…
Egyptian President Abdulfattah el-Sisi hinted at government intentions to take on new austerity measures, saying that “an annual bonus will not be paid to…