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…
The Saudi Ministry of Energy, Industry and Mineral Resources reiterated on Tuesday its plans to make the Kingdom’s power sector more diversified, sustainable,…
The Executive Council of the Arab Organization for Tourism approved on Tuesday the establishment of an Arbitration Commission to deal with tourism issues…
The International Monetary Fund lifted its forecasts for economic growth in the United Arab Emirates because of expectations that oil production and state…
Bahrain's Ministry of Industry and Commerce provided on Monday 10 investment opportunities in the field of e-commerce and technology services to entrepreneurs…
Saudi Arabia’s Public Investment Fund (PIF) refuted as “inaccurate” on Monday a recent report that claimed the Kingdom had shelved SoftBank’s solar project,…
Saudi Arabian Airlines (SAUDIA) launched on Monday its direct and regular flights between Saudi Arabia and Erbil, the capital of the Iraqi Kurdistan Region,…
Saudi Minister of Energy, Industry and Mineral Resources Khalid bin Abdulaziz Al-Falih declared on Monday that Arab oil producing countries can enjoy an…
Saudi Arabia’s government budget spending is expected to reach more than 1.106 trillion Saudi riyals ($295 billion) in 2019, about 7% higher than the projected…
Careem, the ride-hailing service, resumed its operations in Muscat, Oman after signing an agreement to partner with local taxi company Marhaba. Careem said…
The United Arab Emirates approved a three-year budget worth $49 billion, with 59 percent of it allocated to education and social development. The UAE…
Lockheed Martin announced Joseph Rank as the Chief Executive for Lockheed Martin Saudi Arabia. Rank takes over the position from Alan Chinoda who will be…
Saudi Arabian Airlines (SAUDIA) will launch on Monday its first new direct flights from Jeddah to Erbil, Iraq. The airlines will hold six weekly flights to…
The Basel Committee on Banking Supervision has today published two reports assessing the implementation of the Net Stable Funding Ratio (NSFR) and the large…
Bahrain-based GFH Financial Group (GFH) announced that Capital Intelligence Ratings (“CI Ratings”), the international credit rating agency, has affirmed its…
Saudi Arabia said it expects inflows of around $11 billion into the country’s debt as a result of the inclusion of its international bond issues in JP Morgan’s…
Egypt will stop importing natural gas after its final liquefied shipments arrived last week, Petroleum Minister Tarek El Molla said on Saturday. Earlier…
Sterling fell half a percent on Friday after data showed that British companies had cut their investment in the second quarter of 2018 and the economy grew…
The Saudi Public Investment Fund (PIF) on Thursday announced more than 100 global investors, CEOs and disruptive innovators who will speak at the Future…
Saudi Arabia and four other Gulf states will enter JP Morgan’s emerging market government bond indexes next year, a move likely to lure billions of dollars of…
The National Energy Efficiency Services Co. (Tarshid) has launched phase I of government facilities’ rehabilitation project. The project is aimed at reducing…
US data showed a build in domestic crude inventories, but an impending drop in Iranian exports kept Brent futures above $80 a barrel and on track for a fifth…
Saudi stock market gains jumped on Tuesday with trade activity resuming after a two-day holiday celebrating the Kingdom’s 88th National Day. Jumping 137…
The Jordanian government approved the final version of a draft law amending the Income Tax Law before sending it to the Lower House for endorsement. A Royal…
The Saudi government is still committed to a stock market flotation for Saudi Aramco, but any initial public offering would have to wait until after the…