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 Kuwait Foreign Petroleum Exploration Company (KUFPEC) has signed a $1.1 billion finance deal with a number of banks to expand its oil and gas operations,…
Morocco’s Ambassador to Saudi Arabia, Mustafa al-Mansouri, has said that Rabat is looking forward to consolidating its cooperation with Riyadh in vital…
The Iraqi Oil Ministry has announced that state-run firms will begin to develop the Mansuriyah gas field after the “delay and failure” of international…
A report issued by the National Bank of Kuwait expected the Saudi economy to restore its strength this year given the expected oil production increase after a…
Insurance companies in Saudi Arabia are close to announcing their full financial results for the first half of 2018. These companies, which are listed in the…
SABIC, the Middle East’s biggest petrochemicals producer, reported around an 80-percent increase in second-quarter profit on higher sales prices and volumes…
Tania Meyer, resident representative of the World Bank in Jordan, has said that the second batch of the development policies loan worth USD500 million will be…
Saudi Telecom Company (STC) announced the company’s preliminary financial results for this year’s second quarter and indicated that revenue from services…
The UAE and India announced Saturday a beginning of a strategic partnership in research, investment and emerging companies in the artificial intelligence (AI)…
Smuggling operations of Kirkuk province's oil to Iran have increased recently with the purpose of re-refining and sending it as oil derivatives, reports showed…
Fifty-two Saudi firms listed in the local market revealed their fiscal results for the first half of 2018, revealing a 13.6 percent growth in profits, which…
When a Mexican company bought Mid Continent Nail Corp. in 2012, workers at the factory here feared it was the beginning of the end. Their jobs, they suspected,…
An economic report released on Thursday showed that the policy of diversification of resources adopted by the United Arab Emirates has achieved eight economic…
The Council of Saudi Chambers discussed in Riyadh Thursday ways to create job opportunities for women and raise their participation rate from 20 percent up to…
The Saudi Stock Exchange (Tadawul) said that S&P Dow Jones Indices (S&P DJI), a leading provider of global equity indices, upgraded Saudi Arabia to "Emerging…
Maroc Telecom, Morocco’s largest telecoms operator, reported 8.6 percent rise in mid-year net profit to 3.41 billion dirhams ($363 million) on Monday. The…
The Sudanese government has taken procedures to control the flour market supplies in the country, with the continuity of the phenomenon of the bread lines in…
The Council of Saudi Chambers discussed on Wednesday mechanisms of implementing the initiative for EU-GCC dialogue on economy diversification and joint…
Saudi stock market is approaching its actual upgrade to emerging market according to many global indices, meanwhile, S&P Dow Jones announced it will upgrade…
The first Warner Bros-branded indoor theme park in the world, spanning 1.65 million square feet, was inaugurated in Abu Dhabi with investments reaching…
Sonatrach is in talks with oil majors and trading firms to start a trading joint venture after the Algerian state energy company reached a deal this year to…
A Saudi economic delegation ended its consultations and meetings in Erbil on Tuesday by reaching an agreement with the chairman and members of the Federation…
Egyptian President Abdel Fattah El Sisi inaugurated Tuesday three giant power plants carried out by the German company, Siemens, at a cost of six billion euros…
The Executive Board of the International Monetary Fund (IMF) announced that Saudi Arabia’s real GDP growth is expected to increase to 1.9 percent in 2018, with…