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…
In a new sign that confirms the strength and vitality of the Saudi economy, non-oil revenues jumped 48 percent by the end of the third quarter of 2018 compared…
Lebanon’s risk profile is rising sharply and some of its central bank tools are becoming less effective, the World Bank said on Tuesday in its autumn Lebanon…
The United Arab Emirates has passed a law to combat money laundering and terrorism financing, it said on Tuesday, as it aims to bring its rules into line with…
Saudi Aramco has increased female recruitment to more than 20 percent of all new hires and doubled the number of women working in the organization over the…
Point-of-sale (POS) transactions in Saudi Arabia rose 28 percent to SAR19.3 billion (USD5.1 billion) in September from SAR15.1 billion (USD4 billion) a year…
UAE President Sheikh Khalifa bin Zayed Al Nahyan has issued a Federal Law regarding the “Central Bank and Organization of Financial Institutions and Activities…
Saudi Telecom Company (STC) announced Saturday the company’s preliminary financial results for the period ending at 30 September 2018. Revenue from services…
The Foreign Investment Promotion Agency has revealed an increase in foreign investment of 14.6 percent during the first nine months of the current year,…
Egypt’s President Abdel Fatah el-Sisi on Saturday in Cairo received China’s vice president Wang Qishan who expressed China’s support to Egyptian efforts…
Egyptian Prime Minister Mostafa Madbouly has said that he was working on a government restructuring that envisages a smaller cabinet and fewer civil servants…
Renault chairman and chief executive Carlos Ghosn has presented to Moroccan King Mohammed VI the French car maker’s plan on doubling its production at its…
The second Future Investment Initiative (FII) concluded in Riyadh on Thursday with the announcement of the signing of more than 25 agreements worth $56 billion…
Saudi Arabia expects to attract investments of more than 1.6 trillion riyals ($427 billion) by 2030 in its push to boost industry, Energy Minister Khalid Al…
Saudi Aramco has chaired the “Leadership Excellence for Women Awards and Symposium” (LEWAS), a three-day industry event held at the Bahrain International…
The Saudi Ministry of Housing announced Thursday that the Eskan Program signed two agreements and a memorandum of understanding aiming at attracting more…
The Moroccan government has asked the parliament to authorize the borrowing of 76.2 billion dirhams ($8.02 billion) to fill the budget deficit for 2019. …
Saudi Arabian Monetary Authority Governor Ahmed al-Kholifey has stressed that transactions between SAMA and international institutions will not be affected by…
Saudi Arabia decided to allow foreign investors to invest in several new sectors, including recruitment offices, audiovisual services, land transport, and real…
Saudi Energy Minister Khalid al-Falih said the oil market is “in a good place today in terms of supply and demand balances and inventories” after lifting…
UAE’s Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid has praised the ambitious development plan of Saudi Arabia under the…
Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, received in Riyadh on Tuesday a number of heads of the sovereign funds and…
Saudi Aramco took part in the International Downstream Conference and Exhibition of the 2018 Gulf Refining Federation that is underway in Manama, Bahrain,…
Saudi Minister of Finance Mohammed bin Abdullah Al-Jadaan held talks in Riyadh on Monday with US Treasury Secretary Steven Mnuchin, reported the Saudi Press…
Oil prices rose above $80 a barrel, two weeks before US sanctions, that might stop Iran's oil supplies, enter into effect. Saudi Energy Minister Khalid al…