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…
Tunisia and the International Monetary Fund appear to be at odds over when the next tranche of an IMF loan will be released, as the State Statistics Institute…
OPEC and non-OPEC oil producers will aim to formalize their long-term cooperation later this year by approving a charter that will make possible further joint…
The International Monetary Fund (IMF) welcomed the efforts of the Saudi kingdom in reinforcing initiatives of the mid-term public finance, developing the…
Egypt's tourism revenue jumped 77 percent in the first half of 2018 to around $4.8 billion compared with the same period last year, a government official said…
Saudi Aramco Upstream Technology Company (SAUTC), a Saudi Aramco company, has signed a memorandum of understanding (MoU) with Russia’s Lomonosov Moscow State…
The Public Investment Fund (PIF) of Saudi Arabia announced on Wednesday the formation of an advisory board, comprised of eleven of the most influential global…
Aradhana Khowala was appointed on Wednesday as Managing Director of Tourism at Saudi Arabia's NEOM project. “We will be working alongside Aradhana to make…
Iran’s crude oil and condensate exports in August are set to drop below 70 million barrels for the first time since April 2017 ahead of the November 4 start…
Water scarcity in the Middle East and North Africa (MENA) region can either be a destabilizing factor or a motive that binds communities together, according to…
The Dubai Land Department (DLD) is organizing this month the 8th Dubai Property Show that is set to be held in the Chinese city of Shanghai for the second time…
Egypt’s Minister of Planning, Follow-up and Administrative Reform Hala al-Saeed announced Monday the objectives of the general framework for the 2018-2022…
Bahrain plans to seek bids to build a metro railway system at the end of 2019. The project is estimated to cost between $1 billion and $2 billion. Adviser…
The Sudanese government expected to solve the bread crisis in the next three days as people continued to wait in line outside bakeries. According to…
An OPEC and non-OPEC monitoring committee found that oil producers participating in a supply-reduction agreement cut output in July by 9 percent more than…
Turkish President Recep Tayyip Erdogan and British Prime Minister Theresa May discussed bilateral economic and trade ties and investments in a telephone call,…
In an unprecedented incident in Egypt, a verbal war started Sunday between the governor of the Central Bank of Egypt and the head of the Egyptian Tax Authority…
NEOM, Saudi Arabia's megacity project, is going to announce its advisory board shortly, it said in a tweet on Saturday. "Stay tuned for news about the NEOM…
Oil pumping has resumed from South Sudan’s Toma South oilfield, Sudan’s Minister of Oil and Gas Azhari Abdel-Gadir said on Sunday, after production there…
The number of tourists coming to Tunisian tourist destinations exceeded five million since the beginning of the year until August 20. This increases the…
Non-oil exports from Iran’s South Pars, the world’s largest gas field, rose 23 percent over the past year, its head of customs said on Saturday, according to…
Saudi Arabia's foreign trade will benefit from the geopolitical situation in the region, predicted economic experts. They told Asharq Al-Awsat that Iran…
Saudi Arabia is moving ahead with economic reforms and growth in its non-oil economy will pick up this year despite a delay to a planned sale of shares in…
Rising prices have erased US workers’ meager wage gains, the latest sign strong economic growth has not translated into greater prosperity for the middle and…
Bread lines remain a familiar scene in the main streets of Khartoum, although the Ministry of Finance and Economic Planning announced that it was increasing…