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…
Saudi British Joint Business Council revealed efforts and intensive activity to commence the requirements of translating economic agreements signed between…
Saudi Arabia Leads Integration, Acquisition Deals in Middle East to Historic Level in Second Quarter
Thomson Reuters issued its quarter report on banking investment in the Middle East region during the second quarter of 2018. According to the report, the…
The program of the Media Day on Investment Opportunities in Economic Sectors in Algeria was launched on Tuesday in Riyadh. The program is organized by the…
Saudi Minister of Transport Nabil Al-Amoudi signed on Monday 23 new projects, worth of 1.737 billion Saudi Riyals (USD 453 millions) to build a new network of…
The Saudi Electricity Company (SEC) has started operating a combined cycle power plant in Waad al-Shamal Mining City, located south of Turaif in the Northern…
Egypt’s President, Abdel Fattah al-Sisi, has called for the improvement of the country’s petroleum sector as Italian company Eni announced a new light oil…
Asian refiners are seeking alternatives to Iranian oil from Saudi Arabia, Kuwait, the United Arab Emirates and Iraq after the United States pledged to renew…
The Saudi Railway Company (SAR) has achieved a significant growth of 139 percent in the number of passengers on its trains during the second quarter of 2018,…
Egypt’s trade balance deficit rose by 4.1 percent in April to $3.32 billion from $3.19 billion for the same time last year. Egypt’s exports increased by 3…
The share of foreign investors in the Saudi stock market, by the end of trading on July 5, reached 5 percent, with a total ownership of $25.9 billion. In…
Ministry of Energy, Industry and Mineral Resources in Saudi Arabia announced Sunday the completion of the adjusted mining investment system that allows…
The International Monetary Fund on Friday approved the payment of a $250 million tranche, the fourth from Tunisia’s loan program tied to economic reforms aimed…
Investors have withdrawn funds from emerging and European markets over the past two months, with the negative impact of fears over a trade war, experts at Bank…
Iranian Oil Minister Bijan Zanganeh said the tension between Iran and the US is a “trade war,” adding that Iranian output and exports had not changed as a…
The calm predictability that was the signature of the 2017 stock market has been replaced by the turbulence of the first half of 2018, with investors frazzled…
The Saudi stock market concluded the first week’s trading of H2 2018 with limited decline, following profit gaining by shares of leading companies. Traders…
The inflation rate in Tunisia rose to 7.8 percent in June after it had stabilized at 7.7 percent in April and May, said the National Institute of Statistics …
A Saudi official has said that Saudi banks capital adequacy in the first quarter of this year exceeded 20.4 percent, surpassing the Basel I committee’s…
Lebanon’s economic obstacles do not prevent foreign investors from eyeing the country’s opportunities, including Majid Al Futtaim, which is preparing to raise…
Kuwait lent $80 million to Iraq to fund the establishment of 73 schools in 15 provinces in a country that witnessed the destruction of its infrastructure due…
S&P Global Platts received a blow on Wednesday after Saudi Aramco announced that it is adjusting its Asia crude oil pricing marker in an effort to increase the…
Emir Sheikh Sabah al-Ahmed al-Sabah inaugurated on Wednesday the new terminal at Kuwait International Airport, raising its capacity from seven to 25 million…
The Abu Dhabi National Oil Company (ADNOC) is seeking to double oil production at the Bou Hasir field from 8,000 bpd to 16,000 bpd by developing a contract…
Oman Air, the national carrier of Oman, launched this week a new service between Muscat and the Moroccan city of Casablanca. The flight is operated by…