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…
Turkish government has sought to dispel investors' concerns about the economy, amid fluctuations in the exchange rate of the lira against foreign currencies…
The decision anticipated to be taken by the Organization of the Petroleum Exporting Countries (OPEC) and its Russian-led allies at their next Vienna meeting,…
The chief executive of French oil and gas major Total has said that US sanctions on Iran represent a huge challenge. Patrick Pouyanne told reporters in the…
Saudi Minister of Energy, Industry and Mineral Resources Khalid al-Falih agreed with China’s energy chief Noor Bakri that the foundations of the global oil…
Algeria plans customs duties between 60 to 200 percent on finished goods, according to an official document seen by Reuters on Thursday, creating new revenues…
The Federation of GCC Chambers expected Gulf industry investment to reach one trillion dollars by 2020 and Gulf foreign trade to grow 9.3 percent from 2001 to…
The Saudi Communications and Information Technology Commission’s (CITC) annual report revealed a remarkable growth in the e-commerce market in the Kingdom,…
Russian Energy Minister Alexander Novak said on Thursday that Moscow and Riyadh have a common position on the future of the oil output-cutting deal, while…
UAE’s Mubadala Petroleum and the Russian Direct Investment Fund, RDIF, announced on Thursday the creation of a joint venture with PJSC Gazprom Neft to develop…
Crown Prince Mohammed bin Salman bin Abdulaziz, Deputy Prime Minister, and Minister of Defense, has met in Jeddah with the President of the World Economic…
An international report showed that the wave of reforms in Saudi Arabia has led to a significant improvement in many indicators such as public finances,…
The Saudi Arabian Monetary Authority (SAMA) will start withdrawing SR1 banknotes from the market from Thursday, SAMA has said. In a statement, SAMA…
The International Monetary Fund (IMF) lauded the positive economic reforms carried out by Saudi Arabia, describing initiatives that aim at increasing non-oil…
SABIC received the second issuance of carbon credits from the United Nations for a Clean Development Mechanism (CDM) project at its Al-Bayroni manufacturing…
The Tunisian tourism industry has bounced back from the terrorist attack of 2015, with revenues up nearly a third so far this year, the sector's minister said…
UAE Mubadala Investment Company announced the sale of its consortium’s majority interest in EMI Music Publishing to the Sony Corporation for $4.75 billion. The…
The Saudi Communications and Information Technology Commission (CITC) announced a total revenue of $18.9 billion from its operations by the end of 2017, down 2…
The low demand on properties due to the increase of fees affected the leasing sector of houses of different sizes and types. The sector of leasing houses…
Fitch warned on Tuesday that Turkey’s sovereign credit profile could come under pressure if central bank independence is curtailed after a snap election in…
Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, chaired on Tuesday a meeting for the Council of Economic and Development…
Saudi Arabia has incorporated Qiddiya as a standalone business entity called Qiddiya Investment Company (QIC), a key step in testablishing a new phase of the…
The Nasdaq Dubai exchange plans to launch futures contracts this year on companies listed on the Saudi Arabian stock market, the Middle East’s largest, the…
Moroccan government budget deficit reached $1.23 billion at the end of April compared to $957 million dollars at the end of April 2017, according to statistics…
Egypt’s biggest investment bank EFG Hermes announced Sunday that it is willing to investment $300 million in basic education in Egypt in cooperation with UAE…