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 Qatari economy continues to face aggravated foreign and domestic debts -- there are several indicators showing that Doha’s economy is facing huge…
Iran seems to be struggling again from US sanctions and despite major buyers announcement for their full compliance with Washington’s will to fully stop any…
Saudi Aramco stated on Thursday that recent media reports on a potential Saudi Aramco- SABIC transaction are entirely speculative. The oil giant added that…
Aldar Properties is spinning off its recurring-revenue assets worth 20 billion dirhams ($5.4 billion) into a new, fully-owned subsidiary as it seeks to achieve…
The total number of transshipment containers in Saudi ports have increased by more than 19 percent during H1 of this year. Meanwhile, recent data revealed…
The Saudi Agricultural & Livestock Investment Co. (SALIC) announced the purchase of Ukraine’s Mriya, one of Ukraine’s biggest farming companies. According to…
As the second wave of US sanctions against Iran closes in, oil rates shot up on global markets touching a four-year high on Tuesday, with markets bracing for…
Global ports operator DP World said Tuesday that it would continue to pursue all legal means to defend its rights in a raging dispute with the government of…
Saudi Aramco has pressed ahead with plans to increase production from offshore fields to maintain its capacity of producing 12 million bpd in the coming years…
Saudi Basic Industries Corp (SABIC) signed Tuesday a Memorandum of Understanding with China's Fujian provincial government to build a petrochemical complex. …
Turkey and Sudan have signed a $100 million oil exploration deal and an agreement allocating thousands of square miles of Sudanese agricultural land for…
US Energy Secretary Rick Perry met with Saudi Energy Minister Khalid al-Falih on Monday in Washington, as the Trump administration encourages big oil-producing…
SABIC announced it has received the final outstanding regulatory approvals from the competition authorities for the purchase of a 24.99 percent stake in…
Malaysia’s Refinery and Petrochemical Integrated Development (RAPID) project is seeking commitments from banks for $9.7 billion for a 15-year loan, according…
Saudi Arabian Monetary Authority (SAMA) announced the launch of the second version of its cyber-security training program. The program, dubbed Secure 18, is…
Two months ahead of US sanctions on Iranian oil exports being reintroduced, Tehran witnessed a sharp drop in its crude oil sales. It also lost key importers in…
The NEOM megacity project in Saudi Arabia has begun environmental, archaeological and geological surveys to ensure the successful execution of future…
Uber’s ride-hailing rival in the Middle East, Careem announced on Sunday that it had started a service in Sudan. Sudan is grappling with an economic crisis…
Saudia Airlines announced it will launch a new destination to Erbil, Iraq, as of October 1. It will operate three weekly flights nonstop from Jeddah. The…
The market value of Saudi shares settled at SAR1.81 trillion (USD482.6 billion), with the local market preparing to list and trade shares of Leejam Sports…
Production at Egypt's Zohr gas field hit 2 billion cubic feet per day (bcf/d), Egyptian oil ministry said in a statement Friday. "Nearly 7.7 billion US…
President Trump and the Federal Reserve — the nation’s top economic policymakers — believe the U.S. economy is strong and they want to keep it humming. If the…
President of the General Audit Bureau Dr. Hussam bin Abdulmohsen Al-Anqari and US Comptroller-general of the Government Accountability Office (GAO) Eugene…
Bahrain has been described as the world’s most popular destination for expatriates to live and work in, out of 68 surveyed countries, for the second year in a…