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…
Egyptian President Abdul Fattah al-Sisi opened on Tuesday three new power plants to address the country’s acute power shortages. The new projects initiated…
Egypt raised on Saturday natural gas prices for households and businesses by between 33.3 and 75 percent to meet austerity demands by the International…
JPMorgan and Morgan Stanley have been picked to advise on Saudi Aramco’s plan to buy a controlling stake in petrochemical maker SABIC, four sources familiar…
A large Saudi business delegation arrived in Erbil on Monday to discuss investment opportunities in the Iraqi Kurdistan Region. The delegation was led by…
New Treasury and Finance Minister Berat Albayrak renewed his assertion that Turkey will continue steadily in its upward economic growth, saying that his…
CEO of Samba Financial Group Eisa bin Mohammed al-Eisa announced Sunday record financial profits by the group during the second quarter of 2018. He said…
Foreign investors in the Saudi stock market hit a new record, with data released by Saudi Stock Exchange (Tadawul) showing a rise in the ownership of foreign…
CEO of the International Finance Corporation Philippe Le Houerou said that the IFC is keen to back the participation of the private sector in renewable energy…
The chief executive of Airbus (AIR.PA) said he was open to a merger of his firm’s jet fighter business with that of BAE Systems (BAES.L), the Sunday Times…
A new report from Dubai Chamber of Commerce and Industry (Dubai Chamber) has predicted prosperous years ahead for the UAE economy. The recently issued outlook…
Boeing announced at the Farnborough International Airshow a total of $98.4 billion in orders and commitments for commercial airplanes at list prices and $2.1…
The debate over privacy can leave consumers feeling torn between two bad options: disengage with the virtual world and maintain our anonymity or engage with…
Morocco and the European Union (EU) have agreed on the content of the renewed 2014 future sustainable fisheries agreement and its implementation of the…
Saudi Aramco's potential acquisition of a stake in Saudi petrochemicals maker SABIC would affect the time frame of its own planned initial public offering,…
The Saudi Arabian Mining Company (Maaden) signed a strategic Memorandum of Understanding (MoU) with General Electric (GE) on Thursday, which focused on…
Central Bank Governor Riad Salameh denied on Thursday reports about financial instability, saying monetary conditions in Lebanon were stable. In comments…
A technical report from the Saudi Electricity Company revealed its success in the execution of several modern projects in the field of electricity generation,…
The Abu Dhabi National Oil Company, ADNOC, has awarded contracts worth AED 5.88bn (US $1.6bn) to BGP Inc., a subsidiary of China National Petroleum Company,…
Economic reports forecast further growth in Saudi bank profitability in the first half of this year, which would add to mounting profits made by local banks…
Saudi Electricity Co. revealed a plan to operate a number of electric projects in southern regions during the second half of the current year in order to…
Saudi Aramco said on Thursday it is looking to buy a stake in petrochemical maker Saudi Basic Industries Corporation (SABIC). Aramco said in a statement…
The European Union slapped Google on Wednesday with a record 4.34 billion euros ($5 billion) antitrust fine for abusing the dominance of its Android operating…
Iran’s oil exports could fall by as much as two-thirds by the end of the year because of new US sanctions, putting oil markets under huge strain amid supply…
The Saudi Arabia approved on Tuesday the formation of a Saudi-Kuwait coordination council. The decision was announced during a cabinet session in Jeddah…