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 rise in fuel prices in Egypt is credit positive, Moody’s Investors Service said on Thursday, adding that the hike earlier in the week comes as part of the…
The upgrade of Saudi stock exchange, Tadawul, to the status of an emerging market by global index provider MSCI is a step expected to attract up to $45 billion…
UAE’s Mubadala Petroleum has announced that it has completed the acquisition from Italy’s Eni of a 10 percent interest in the offshore Shorouk concession in…
Tunisia’s Minister of Foreign Affairs Khemaies Jhinaoui and Canadian Minister of International Trade François-Philippe Champagne met and discussed means to…
Index provider MSCI said on Wednesday it will begin including Saudi Arabia in its classification as an emerging market, sharply broadening the investor base…
The European Union and Morocco have launched the EU External Investment Plan (EIP) in the country to create a better business environment and foster economic…
Ahead of OPEC’s meeting on Friday, disagreements seem to rise among member states amid calls from major consumers such as the United States and China to reduce…
Germany’s investments in Lebanon, which are expected to be revealed during the visit of Chancellor Angela Merkel to Beirut, will represent the first European…
China and the United States are closer than ever to a trade war after Beijing accused US President Donald Trump of "extortion" following his threat to impose…
The Saudi Ministry of Housing provided 33,137 residential land grants to citizens of all regions during the last six installments of “Sakani” program for the…
The Turkish lira was quoted at 4.74 against the dollar early on Monday – it improved slightly at the end of trading on Tuesday reaching 4.71 against the dollar…
The oil market is moving closer to re-balancing, according to United Arab Emirates’ Energy Minister Suhail al-Mazrouei. Mazrouei, President of the…
The Central Bank of Tunisia (BCT) on Wednesday raised its key interest rate by 100 basis points to 6.75 percent – according to a number of financial experts,…
Governor of the Central Bank of Tunisia (BCT) Marouane Abassi revealed that the authorities backed off their decision to enter the international capital market…
The Saudi Real Estate Development Fund (REDF) revealed that the total number of mortgage loans announced by Sakani Program during the past six months reached…
Rupert Stadler, the CEO of Volkswagen's luxury arm Audi, was arrested on Monday over the German carmaker's emissions test cheating scandal, Munich prosecutors…
Huge Turkish textile firms have urged the government to postpone plans on imposing new requirements on their imports from China. Sources from three firms…
Zaha Hadid Architects (ZHA) has won an international competition for the Admiral Serebryakov Embankment masterplan in the city of Novorossiysk on Russia’s…
The OPEC and non-OPEC countries in a global oil output deal will consider increasing output by 1.5 million per day in the third quarter only, Russian Energy…
On the second day of Eid al-Fitr, the holiday that marks the end of the holy month of Ramadan, Egyptians were preoccupied with a 60 percent rise in gasoline…
Egypt raised gasoline prices by up to 50 percent, the oil ministry said on Saturday, as part of the country's economic reforms and austerity measures. The…
Iraq has informed farmers of a ban on planting rice and other water-intensive crops in the face of increasing shortages because of drought and shrinking river…
After Saudi Arabia and Russia competed for the opening of the 2018 World Cup in Moscow, both countries will play part in a different and fateful match on June…
US President Donald Trump has approved a plan to impose punishing tariffs on tens of billions of dollars of Chinese goods as early as Friday, prompting a…