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 joined on Tuesday the multilateral agreement to apply the necessary measures to combat tax Base Erosion and Profit Shifting (BEPS). In the…
Qatar Airways on Tuesday posted a net loss of over $69 million in the year to March 2018 as the diplomatic and economic boycott of Saudi Arabia, Bahrain, Egypt…
Saudi Arabia's sovereign wealth fund says it has taken its first loan, a $11 billion borrowing from global banks as it tries to expand its investments. The…
Simah Rating Agency (Tassnief) has granted an issuer rating of “BB” to the Riyadh-based Maalem Financing Company. It also assigned a preliminary long-term…
Saudi Basic Industries Corp (SABIC), the world’s third largest diversified petrochemicals company, announced Tuesday that it is taking steps to establish…
Saudi Arabia’s Public Investment Fund (PIF) has agreed to invest more than $1 billion in Lucid Motors. The funding will enable Silicon Valley-based Lucid to…
Saudi Aramco will spend more than $133 billion on oil and gas drilling over the next decade, a senior company executive said on Monday. “We will spend more…
The total number of financial fraud notifications signed by the Saudi banks in 2015, 2016 and 2017 exceeded 10,600 with a value of SAR1.2 billion (USD320…
Russian Energy Minister Alexander Novak said on Monday that all possible scenarios for oil output could be discussed at a meeting of OPEC and non-OPEC states…
Mubadala-owned CEPSA has announced its Intention To Float (ITF) on the Madrid, Barcelona, Bilbao, and Valencia Stock Exchanges and be quoted on the Automated…
Saudi Minister of Energy, Industry and Mineral Resources Eng. Khalid Al-Falih said on Monday that the Kingdom is seeking to introduce atomic energy in…
Governor of Saudi Arabian Monetary Authority (SAMA) Dr. Ahmed Abdulkarim Alkholifey revealed on Sunday that Saudi Arabia’s current data has improved and is…
Morocco's foreign investment inflows reached 7.22 billion dirhams ($768 million) at the end of August, according to the Bureau de Change (a government agency…
Fertilizer exports from the Gulf Cooperation Council (GCC) states have hit a historic record, reaching 20.4 million tons in 2017, growing by 5.3 percent year…
Saudi Arabia's economy grew 1.2 percent during the first quarter of this year and currency reserves grew 1.4 percent reaching $480 billion, governor of the…
The Red Sea Development Company (TRSDC), wholly owned by the Public Investment Fund (PIF) of Saudi Arabia and creator of The Red Sea Project, announced Monday…
Trade between Saudi Arabia and Bahrain grew from $1.4 billion in 2010 to $2.2 billion at the end of 2017, a 51 percent increase. Saudi exports to Bahrain…
Egypt's Minister of Petroleum and Mineral Resources Tarek El-Molla signed on Saturday two deals with international firms to explore for petroleum and gas in…
Iran’s OPEC governor said on Saturday that Saudi Arabia and Russia have taken the oil market “hostage” by the time South Korea’s Iranian crude oil imports…
Despite a government freeze on new investments, Turkey will forge ahead with plans for its Kanal Istanbul, a 45-km shipping canal parallel to the Bosphorus. …
The Executive Council of the Saudi-Emirates Coordination Council held its first meeting under the co-chairmanship of Saudi Minister of Economy and Planning…
Saudi Arabia has tasked the Real Estate General Authority to regulate rules and procedures related to the distribution of state properties on government or non…
Tunisia will not impose new taxes on individuals and firms under the 2019 budget, but will continue to reform a costly subsidies system, Prime Minister Youssef…
Tunisia will offer public-private partnership projects for the energy, transport and other sectors worth 13 billion dinars ($4.7 billion) to revive the economy…