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…
Jordan's net public debt rose by 4.6 percent to 26.6 billion dinars ($37.5 billion) in the first seven months of 2018 compared with 25.4 billion dinars at the…
The 54th SAMA Annual Report has proven the stability of the financial sector in Saudi Arabia, marking a 6.3 percent growth in the local banks' capitals and…
UAE’s Mubadala Petroleum, Gazprom Neft and the Russian Direct Investment Fund (RDIF), the sovereign wealth fund of the Russian Federation, announced the…
Egypt and China have signed a number of cooperation deals worth 18.3 billion US dollars. The two countries signed the deals during a just-concluded visit to…
The Saudi Arabian General Investment Authority (SAGIA) announced on Wednesday that Baker Hughes, a subsidiary of General Electric, is preparing to expand its…
The Egyptian economy is expected to grow by about 5.7 to six percent this fiscal year compared to 5.3 percent in 2017, according to Minister of Finance Mohamed…
The Lebanese financial markets responded to the failure of Monday’s meeting between President Michel Aoun and Prime Minister-designate Saad Hariri to overcome…
Saudi Aramco awarded on Tuesday the first large-scope integrated services contract for its Marjan oilfield to Baker Hughes, a General Electric company (BHGE). …
The Saudi Stock Exchange (Tadawul) announced in Riyadh on Tuesday that it has co-signed an agreement with MSCI, the global provider of indices, to develop a…
Egypt's Minister of Planning, Follow-up and Administrative Reform Hala al-Saeed said the fourth edition of the government portal will be launched in December…
The Saudi Ministry of Finance announced it had completed all investor requests for its domestic Sukuk issuance (07 – 2018) through the reopening of offering …
The Gulf Chambers of Commerce (GCC) is looking forward to strengthening the labor market and taxes and strengthening public-private partnerships, in parallel…
The Saudi Ministry of Finance re-confirmed on Monday its abidance to the free transfer of capital, including expatriate remittances, provided it is done…
The Iranian rial hit a historic low against the US dollar on Monday as the country’s economy continues to crumble. The rial has lost around 15 percent of…
The shares of foreign investors in the Saudi stock market reached 5.06 percent end of August, exceeding five percent for the second month in a row. The…
The Saudi Public Investment Fund (PIF) has named Andrew Liveris as a special adviser, in its highest-profile appointment of any global manufacturing executive…
ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has announced that it has successfully completed the commissioning of a specialized…
Egypt’s Minister of Planning, Monitoring and Administrative Reform Hala al-Saeed announced on Saturday that Moody’s credit outlook rating for the Egyptian…
The International Monetary Fund (IMF) mission to Tunisia from August 15 to 31 resulted in a preliminary agreement for the fourth review of the IMF loan, amid…
A number of Lebanese MPs and experts have played down the country's economic crisis following Western press reports that warned of the collapse of the Lebanese…
A number of small and medium dairy product companies in Saudi Arabia are considering merging. According to Asharq Al-Awsat, the small and medium dairy firms…
Turkey increased on Saturday electricity prices in the country as it tries to tackle an economic crisis that has seen the lira lose 42 percent of its value…
OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports hit a record, a Reuters survey found, although a…
The Saudi Industrial Property Authority (MODON) signed a memorandum of understanding (MoU) with the Women and Children Social Commission to boost cooperation,…