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 Arabian Airlines (SAUDIA) and Etihad Airways signed in Jeddah on Monday a joint code agreement which provides greater choices for passengers to reach…
Gulf Cooperation Council (GCC) states should initiate economic reforms before they are forced to do so, said Governor of the Central Bank of Kuwait Dr…
Iraq signed a memorandum of understanding (MoU) with General Electric to develop the country’s power infrastructure, the electricity ministry said in a…
Moody's affirmed Saudi Arabia’s A1 rating with a stable outlook and raised its GDP growth forecasts for the period to 2.5 percent in 2018, and 2.7 in 2019,…
Samba Financial Group, Saudi Arabia’s third-largest bank by assets, reported an 8.3 percent rise in third-quarter profit as special commissions and other…
The GFH Financial Group announced Saturday its successful exit from the Lost Paradise of Dilmun waterpark in a deal valued at $60 million. The waterpark is…
The International Monetary Fund (IMF) and the World Bank have pledged to provide technical assistance to Sudan in the implementation of the economic reform…
French state-owned public transport firm RATP depends largely on public transport contracts in Asia, the Americas, and the Middle East- especially Saudi…
German exports to Iran have dwindled since the United States pulled out of the international nuclear deal with Tehran, data showed on Friday, despite Berlin’s…
Morocco’s 2019 draft budget forecasts a deficit narrowing to 3.3 percent of gross domestic product in 2019, down from 3.8 percent expected in 2018, a…
Saudi Aramco Company signed a memorandum of understanding (MoU) with the government of Zhejiang Province, in China, reported the Saudi Press Agency on Friday. …
Jordan and Saudi Arabia have topped the Basel Anti-Money Laundering Index on the regional level. The index focuses on anti-money laundering and countering…
Moody's Investor Service (Moody's) affirmed the Kingdom's A1 rating with a stable outlook and raised its GDP growth forecasts for the period (2018-2019) to 2.5…
Small and Medium Enterprise Administration (SMEA) said that a recently-launched indirect lending initiative aims to support Saudi SMEs with SAR1.6 billion …
Saudi Aramco has signed an agreement to invest in a refinery-petrochemical project in eastern China, part of its strategy to expand in downstream operations…
Saudi Arabia has assured OPEC that it is “committed, capable and willing" to ensure there will be no shortage in the oil market, Secretary-General of the…
Turkey saw strong demand in its return to the international bond market on Wednesday, with $2 billion of international bonds and received $6 billion in…
Tunisian General Labor Union continued its series of syndicate meetings held by some of the most prominent public sector institutions, in order to rally the…
Saudi Arabia showed progress according to the World Economic Forum’s (WEF) global competitiveness index for 2018, ranking 39 on the list of 140 economies,…
The commissioning of Yanbu South Terminal (YST) marked the addition of 3 million barrels per day to the West Coast export capacity when the first VLCC was…
Egypt plans to issue its first international sovereign sukuk, or Islamic bonds, in the 2019-2020 financial year, Finance Minister Mohamed Maait has said. …
Tunisia enacted a new financial law, that includes reducing the corporate tax from 25 percent to 13.5 percent on exporting industrial institutions as well as…
OPEC Secretary-General Mohammed Barkindo urged oil producing companies to increase capabilities and reinforce investment to fulfill the future demand, at a…
Oil prices have risen at the opening of trade Monday’s trading session after Saudi Arabia, the world's largest oil exporter, said it will take the adequate…