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…
Positive growth witnessed in Saudi Arabia’s industrial sector for 2018’s first quarter is considered a milestone marking large contribution to the Kingdom’s…
The crisis of suspending Libyan oil exports from eastern regions overshadowed the political and social life of the country, amid the fear of a "catastrophic"…
British oil giant BP, British Petroleum, has announced commencing operations in the southern pipelines to transfer natural gas from Caspian Sea to European…
Saudi Arabia’s Tadawul All Share Index (TASI) jumped 15 percent, or 1,088 points, to close at 8,314 in H1 2018, compared to 7,226 points at the end of 2017. …
It appears that Saudi Arabia responded to the world demand for its oil, as it began boosting output by 330,000 barrels a day in June to 10.3 million barrel per…
Chairman of Samba Financial Group Eisa al-Eisa stressed the Group’s keenness to achieve the best profits for its shareholders. He said Samba puts continuous…
Saudi Minister of Energy, Industry and Mineral Resources Khalid al-Falih held a telephone call with his Russian counterpart Alexander Novak on Monday to…
Libya's oil exports from its production heartland in the east ground to a halt on Monday in a financial showdown between the country's rival political…
The Saudi-US agreement on Sunday to stabilize oil markets and offset any potential supply shortages has angered Iran, which asked Organization of the Petroleum…
Egypt started Sunday the implementation of the largest budget in its history for the fiscal year (FY) 2018-2019. This new budget, which amounts to EGP1.42…
Tunisian authorities began on Sunday implementing revised tariffs on non-state transportation after approving an increase in fuel prices last month. Non…
The Saudi economy, the largest in the Middle East, has achieved positive growth in the first quarter of this year, at 1.2 percent, a sign on the feasibility of…
ACWA Power Chairman Mohammad Abunayyan said that his company is looking forward to operating in 15 countries through energy projects. The company currently…
Council of Cooperative Health Insurance (CCHI) Secretary-General Mohammed al-Hussein stressed Saturday that the new unified document and its annexes will be…
The Electricity and Cogeneration Regulatory Authority (ECRA) said Saturday that the electricity tariff has witnessed a change in some sectors of the…
The International Monetary Fund on Friday approved the fourth installment of a $12 billion, three-year loan for Egypt, bringing the total released to date to…
The World Bank has approved a new $500 million loan to support economic reforms in Tunisia, the state news agency said. The loan is aimed at promoting…
UK Department for International Development representatives and UN agencies operating in Sudan affirmed during a meeting with the state minister at the…
Imports of Iranian crude oil by major buyers in Asia rose to the highest in eight months in May as purchases increased ahead of possible new sanctions on the…
Saudi Aramco announced Thursday that it has signed a shareholder agreement with National Oilwell Varco, Inc. (NOV) to form a joint venture partnership to…
Bahraini Prime Minister Prince Khalifa bin Salman Al Khalifa directed Thursday a specialized committee to map out visions to achieve financial balance in the…
US Energy Secretary Rick Perry said on Thursday that he is confident that Saudi Arabia and Russia can increase their crude oil production to stabilize the…
Ratings firm Moody's said on Thursday that Bahrain's B1 credit rating will be supported by aid pledged by other Gulf countries this week, as long as it is…
Egypt signed Tuesday a memorandum of understanding (MoU) in Paris with the Mediterranean World Economic Foresight Institute (L’Institut de Prospective…