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 Arabia’s SABIC announced its decision to establish the SABIC Agri-nutrient Investments company to consolidate all its equity shares and assets currently…
Under the patronage of Saudi Minister of Interior Prince Abdulaziz bin Saud bin Nayef, Undersecretary of the Ministry of Interior Nasser bin Abdulaziz al…
Moody's confirmed that Samba Financial Group maintained its advanced credit rating with stable prospects in line with the stable outlook for the A1's sovereign…
The UAE government is set to host in Dubai the World Economic Forum’s third Annual Meeting of the Global Future Councils in collaboration with the WEF. More…
Abu Dhabi’s Supreme Petroleum Council (SPC) has approved the Abu Dhabi National Oil Company’s (ADNOC) new integrated gas strategy and plans to increase its oil…
Dubai Electricity and Water Authority (DEWA) signed an amendment to the power purchase agreement with the consortium led by Saudi Arabia’s ACWA Power to the…
The economic bodies and General Labor Union in Lebanon have threatened to hold a strike in Lebanon in wake of the ongoing delay in forming a new government,…
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank Group (IsDB), has signed a memorandum of understanding (MoU…
Dairy is a basic protein source for Egyptians due to its cheap prices compared to other animal protein sources. Tetra Pak statistics revealed that Egyptians…
Dr. Mazin Al-Zaidi, head of innovation and entrepreneurship at Saudi Arabian General Investment Authority (SAGIA), has revealed a plan to attract 200 foreign…
Egypt expects total foreign debt to reach $102.863 billion and aims to repay $10.326 billion to foreign lenders in the 2019-2020 financial year, a government…
Saudi Aramco and SABIC have announced their selection of Yanbu, on the west coast of Saudi Arabia, as the site for the development of an integrated industrial…
Saudi Aramco and SABIC announced their selection of Yanbu, on the west coast of Saudi Arabia, as the site for the development of an integrated industrial…
Saudi Arabian airlines (SAUDIA) launched on Thursday a new Asian passenger route to two Indonesian cities: Surabaya in the south and Medan in the north of the…
Turkey’s Central Bank on Wednesday sharply raised its inflation forecasts for this year and next. The bank, which previously expected 2018 inflation of 13.4…
Saudi Arabia's government revenues hit SAR223.26 billion (USD59.5 billion) for the third quarter — an increase of 57 percent compared to the same period last…
Egypt’s Middle East Oil Refinery Company (Midor) signed a loan agreement worth $1.2 billion with a consortium of three international banks to finance its…
Saudi Arabia is expected to take significant leaps in the coming years through 12 programs for a number of commercial projects, worth an estimated SR780…
The Ritz-Carlton, Dubai International Financial Centre (DIFC) has recently appointed Soufiane El Allam as the new director of sales and marketing. El Allam…
Iraq’s new oil minister Thamer Ghadhban said on Wednesday the current price of crude was “fair” and that the country, OPEC’s second-largest producer, would act…
Marafiq, Power and Water Utility Company for Jubail and Yanbu announced Wednesday the signing of a deal, worth half a billion riyals, with an Austrian company…
Saudi Arabia ranked fourth in terms of the number of reforms that would contribute to improving business environment at the G20 level, said the World Bank’s…
The Saudi Arabian General Investment Authority (SAGIA) and King Abdullah City for Atomic and Renewable Energy (KACARE) signed a Memorandum of Understanding …
The Federation of GCC Chambers in Riyadh will discuss next Sunday ways to enhance the role of the private sector in development, formulate economic frameworks,…