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 Organization of Petroleum Exporting Countries’ overall oil-export revenues climbed by 28% in 2017 to $578.30 billion from $451.80 billion in 2016,…
Saudi Arabia’s Finance Ministry signed an agreement on Thursday to appoint five local banks as primary dealers in local government securities, the ministry…
A Saudi-UAE partnership strategy, dubbed the “Strategy of Resolve,” was introduced as a hub for global economic strength on Thursday. Combining bilateral…
The euro zone began the year with slower economic growth as fears of a trade war with the United States appeared to take their toll, official data showed on…
Abu Dhabi has approved an AED 50 billion (13.6 billion dollars) economic stimulus package to accelerate economic growth over the next three years. Crown…
Eni has no material exposure to Iran and so will not be affected by sanctions announced by the US administration, a spokesman for the Italian oil major has…
Kuwait Oil Company (KOC) has succeeded in producing and separating light crude oil from Jurassic production, Kuwait’s Oil Minister Bakhit Al Rashidi said on…
Kuwait’s Directorate General of Civil Aviation has denied reports about the suspension of flights operated by British Airways to Kuwait. “There is no…
The European Union says it will start imposing duties from July on a list of US products, ratcheting up a transatlantic trade conflict after Washington imposed…
Saudi Aramco signed on Monday 16 contracts to maintain and operate facilities in its community facilities with seven companies over the next 10 years. The…
Brent crude futures hit a one-month low on Tuesday after Bloomberg cited people familiar with the matter saying the US government has quietly asked Saudi…
Mexico put tariffs on American products ranging from steel to pork and bourbon on Tuesday, retaliating against the Trump administration’s levies on steel and…
Higher Committee for Natural Resources and Economic Security in Bahrain has determined schedules for investing Bahrain Bay oilfield as an introduction for…
Centrale Danone, the Moroccan branch of Gervais Danone, estimated its losses due to a boycott of its products in Morocco at around 150 million dirhams (USD16…
Trade wars and protectionism are key risk factors to airline profits already weakened by rising oil prices, the International Air Transport Association said…
French automaker PSA announced on Monday that it was withdrawing from two ventures in Iran over the risk of US sanctions in wake of Washington’s pullout last…
A Saudi official announced the launch of Saudi Arabia's industrial strategy within a month. He said it will include precise details about the Kingdom's…
Saudi Arabia's ACWA Power Group is putting the finishing touches on the second and fourth stations of the giant Noor Ouarzazate Solar Power Complex before they…
The Iraqi Ministry of Oil signed on Sunday initial contracts with the UAE Crescent Petroleum company for exploration and development of three oil and gas…
OPEC and non-OPEC Arab oil ministers stressed the need for continued cooperation between oil producers who are part of the deal for a global supply cut, which…
Abdul Fattah Sharaf, Group General Manager and Chief Executive Officer, HSBC UAE, said that world trade is being changed by the ongoing trading between Asia…
The appointment of Ahmed bin Suleiman al-Rajhi as Saudi Arabia’s minister of labor and social development is an important sign that the Kingdom is seriously…
The Federation of Gulf Cooperation Council Chambers stressed the need to implement the policy of integration and economic blocs to meet the challenges of…
Considering the details of trade relations between the United States and its trading partners, Donald Trump's administration appears to be in a strong position…