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 Sudanese cabinet approved several measures aimed at raising the country’s oil production to 31 million barrels this year, with revenues reaching one…
France is looking to see if the European Union could compensate European companies that might be facing sanctions by the United States for doing business with…
The Islamic Development Bank (IDB) announced that Turkey has the potential to become a center of Islamic banking in the world. IDB Deputy Chairman Zamir…
Orascom Development Egypt (ODE) CEO Khaled Bichara said that the company is anticipating announcing NEOM plans in order to study the available opportunities,…
A joint statement released by China and US on Saturday said that there was a consensus on taking effective measures to substantially reduce the United States…
Iranian Oil Minister Bijan Zanganeh said on Saturday that US President Donald Trump’s decision to quit a multinational nuclear deal would not affect Tehran’s…
Egypt’s central bank has kept its benchmark interest rate unchanged, as the government prepares for a new round of fuel subsidy cuts against a backdrop of…
Saudi Arabia announced on Friday that it was holding consultations with other oil producers in and outside OPEC, in a move aimed at securing the world’s…
Saudi domestic banks in aggregate reported a 7.5 per cent year-on-year increase in net profit for the first quarter, said Moody’s Investors Service, adding the…
Turkey's Central Bank announced that it will be watching closely unhealthy prices in the market, saying it will take the necessary steps to limit the…
The Ministry of Planning Monitoring and Administrative Reform (MPMAR) in Egypt announced that the GDP growth for the third quarter of the 2017/18 fiscal year…
Benchmark oil contract Brent North Sea surged above $80 a barrel Thursday, hitting the highest level since November 2014 on concerns that Iranian exports could…
The 14th session of the Tunisia-EU Association Council was concluded by announcing the allocation of additional support in the forms of donations to the…
SABB and al-Awwal Banks have reached an advanced stage of merger negotiations, which is a unique step that proves the strength of the financial sector in Saudi…
The leadership office of the National Congress (the ruling party) in Sudan has issued a series of measures to address the country's faltering economic…
The Central Bank of Egypt (CBE) has announced a series of initiatives to exempt tens of thousands of entities from debt interests and to double funding for…
Sakani (housing) program in Saudi Arabia announced the completion of booking 70 percent of ready-made units, which were customized for individuals in the first…
Egypt’s unemployment rate dropped to 10.6 percent in the first quarter of the year, down from 12 percent a year earlier, state statistics agency CAPMAS said on…
Saudi Aramco and Petroliam Nasional Berhad (PETRONAS) launched on Tuesday the corporate identity for their joint ventures in the Pengerang Integrated Complex …
Turkey's central government budget balance saw a deficit of TL 23.2 billion ($5.3 billion) in the January-April period. According to an official statement,…
Governor of Madinah Province Prince Faisal bin Salman bin Abdulaziz signed with Governor of the General Authority for Small and Medium Enterprises Eng. Saleh…
Saudi Minister of State for Energy Affairs Prince Abdulaziz bin Salman bin Abdulaziz, who is also President of the Executive Committee of the Saudi Energy…
Japan’s SoftBank Group Corp and Saudi Arabia’s Public Investment Fund have been carrying out early talks with banks about potential funding for a multi-billion…
HSBC Holdings Plc (HSBA.L) said on Monday it has performed the world’s first trade finance transaction using a single blockchain platform, in a push to boost…