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…
Arab economies are expected to grow by 2.3 percent in 2018 and 3.0 percent in 2019. In line with its continuous efforts to support decision-making process in…
Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan said in a speech on the occasion of the 88th anniversary of the Saudi National Day that the positive…
UAE-based Al Dahra group has announced that following its recent acquisition of Braila Island, the largest consolidated farm in Europe, the company is…
Joint Ministerial Monitoring Committee (JMMC) of OPEC and partners, known as OPEC+, has agreed to 100 percent compliance with the cut deal, ruling out any…
A panel comprised of ministers from OPEC and allied oil producers meeting on Sunday will not discuss a new recommendation to further increase in crude…
A number of Egyptian companies established under the new investment law are leaning towards labor-intensive markets, but capital is flowing heavily into less…
Saudi Arabia’s Vision 2030 has pushed the national economy to employ its strengths by creating new opportunities that will diversify economic wealth and…
The Saudi stock exchange has made a positive weekly performance in which it managed to accomplish around 177 points of profit, amid a remarkable progress in…
Mauritania on Friday became the 15th West African country to sign the region-to-region Economic Partnership Agreement (EPA) with the European Union, an…
Pessimism overshadowed the Turkish government’s medium-term plan for the economy, announced on Thursday, after it predicted reduced growth, increased…
Jordan’s Ministry of Planning and International Cooperation and the Kuwait Fund for Arab Economic Development (KFAED) have signed an agreement to reschedule…
Public Transport Authority Chief and Acting President of the Saudi Railways Organization (SRO) Rumaih Al-Rumaih announced on Thursday that the Haramain high…
Libya's Government of National Accord has imposed a fee of 183 percent on any hard currency transactions, effectively devaluing the Libyan dinar to bridge the…
India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against…
UAE's Emirates and Etihad denied a Bloomberg report on Thursday which quoted unnamed sources as saying Emirates was seeking to take over Etihad to create the…
Italy's Eni and Egypt's Tharwa company will drill the first exploratory oil well in northern Sinai's offshore Noor field next week, an official at Egypt's gas…
Turkey on Wednesday cut the financial and investment criteria required for citizenship for foreigners in an attempt to confront its economic crisis. …
Volkswagen has bowed to American pressure stemming from the US rejection of the nuclear deal and will end almost all business in Iran, Bloomberg News reported…
ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has announced that it has reached full production of polymer-grade propylene from…
Morocco’s internal debt reached MAD542.3 (USD57 billion) at the end of August, an increase of 4.4 percent in a year, according to statistics published by the…
Dubai’s non-oil foreign trade recorded an increase during the first half of 2018 reaching $175.5 billion, a $1.3 billion rise from 2017 figures. Dubai’s re…
Cyprus and Egypt on Wednesday signed an agreement paving the way for the Mediterranean’s first subsea pipeline to carry natural gas from the island’s …
Saudi Arabia's energy sector is estimated to provide around 65,000 job opportunities in 20 years, according to an energy specialist. Abdulkarim Al-Ghamdi,…
The Global Forum on Public-Private Partnerships (PPP) kicked off Tuesday in the Tunisian capital Tunis with more than 1,000 attendees, including 250…