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…
Egypt’s unemployment rate dropped to 11.8 percent in 2017 from 12.5 percent the year before, state statistics agency CAPMAS said on Monday. President Abdel…
General Supervisor of the Real Estate Development Fund Khalid bin Mohammed Al-Amoudi announced that the down payment for the first housing has been reduced…
Foreign investments continue to flow into the Saudi Stock Exchange (Tadawul), according to recent figures, amid growing confidence in the Saudi market, which…
Mobile Telecommunication Company Saudi Arabia (Zain) announced that its Board of Directors, on Sunday approved the resignation of its CEO, Peter Kaliaropoulos…
Saudi ACWA Power signed the Engineering, Procurement and Construction (EPC) agreement with Shanghai Electric Generation Group (SEGC) for the DEWA (Dubai…
Moody's Investors Service affirmed the government of Saudi Arabia's long-term issuer and senior unsecured ratings at A1 with a stable outlook. In a recent…
Algeria’s economy will improve this year, Prime Minister Ahmed Ouyahia said on Saturday, as revenue from the OPEC members oil and natural gas exports picks up…
Saudi Arabia is preparing to lay the cornerstone for Al-Qiddiya entertainment city, in Riyadh, amid signs indicating this project will change investment in…
The Saudi-US agreement signed in the field of energy has become a global model for international energy agreements. The details of this agreement reveal…
The London Stock Exchange (LSE.L) named Goldman Sachs’ veteran David Schwimmer as chief executive officer on Friday, with an initial challenge of helping the…
OPEC and its allies appear to have accomplished their mission of reducing global oil stocks to desired levels, the International Energy Agency said on Friday,…
World trade in goods is maintaining a robust recovery, but it still might falter if trade tensions escalate further, the World Trade Organization said in its…
Saudi Minister of Finance Mohammed al-Jadaan said that intra-Arab trade suffered from some tariff and non-tariff barriers, pointing to signs of non-compliance…
OPEC and its oil producer allies are poised to extend their supply-cutting pact into 2019 even as a global glut of crude is set to evaporate by September, OPEC…
The Saudi Arabian Military Industries company (SAMI) and Spanish firm Navantia signed on Thursday a partnership that would localize more than 60 percent of…
The 2018 Middle East Sentiment Survey by McKinsey & Company highlighted the swift shift in the behaviors of Arab consumers, who have become more cost-conscious…
The Asian Development Bank raised its 2018 economic growth estimate for developing Asia to 6.0 percent from 5.8 percent, citing solid export demand, but said…
The International Monetary Fund (IMF) is optimistic on the outlook for global growth but warned darker clouds are looming due to fading fiscal stimulus and…
Saudi Arabia has been intensifying its efforts to develop the electric power industry and support smart grid solutions. Meanwhile, it is actively studying…
Jordan’s public debt increased 2 percent by the end of February, reaching JOD25.94 billion compared with JOD25.4 billion end of 2017. The domestic debt…
Egyptian government approved on Wednesday a draft law to establish a sovereign wealth fund to manage state assets with a capital of LE 200 billion, Planning…
Saudi Arabia’s ministry of finance has completed the successful pricing of $11 billion in bonds split into three tranches. The transaction was the kingdom’s…
The Saudi Arabian General Investment Authority (SAGIA) granted on Wednesday investment licenses for four French companies, reported the Saudi Press Agency. …
Saudi Aramco and a consortium of three Indian oil companies signed on Wednesday a Memorandum of Understanding to jointly develop and build an integrated…