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 Arab Investment and Export Credit Guarantee Corporation (Dhaman) revealed huge changes in Arab foreign trade during the first years of the 3rd millennium…
Lebanon enjoys security and financial stability, said Lebanese Interior Minister Nouhad Machnouk during the inauguration of anti-money laundering forum…
Bahrain announced on Wednesday that the shale oil reserve newly discovered off its west coast contains more than 80 billion barrels. The amount of…
Saudi Arabia wants the Organization of the Petroleum Exporting Countries (OPEC) and its non-OPEC allies, led by Russia, to seek new criteria to assess the…
Union of Arab Chambers Secretary General Dr. Khaled Hanafi on Tuesday called on Arab and Brazilian investors to get involved in the Saudi mega city project…
The Islamic Development Bank (IDB) launched on Tuesday a $500 million "innovation fund" for funding scientific and technological inventions to tackle…
An attack by Yemen's Houthi insurgents on a Saudi oil tanker would have no impact on oil supplies, Saudi Energy Minister Khalid al-Falih said on Wednesday. …
China announced on Monday its "retaliatory and practical" measures in the trade tariff crisis sparked by the United States, revealing the entry into force of…
Alibaba Group Holding Ltd, China’s e-commerce giant, announced on Monday that it was acquiring the remaining shares of the country’s leading food-delivery firm…
Saudi Capital Market Authority (CMA) announced on Sunday the listing of debt instruments issued by the government, in a move that is expected to open up new…
The launching of Solar Power Project Plan 2030 grabbed the attention of a number of energy experts in the world, especially after the kingdom’s announcement…
Several Arab countries suffer from the rise of public debt, following years of political turmoil, which has affected negatively their economic performance…
The US dollar's share of currency reserves reported to the International Monetary Fund declined in the final quarter of 2017 to a four-year low, as other…
Little Alexandria-based Amify is the 21st-century version of the thousands of enterprises that thrived around the railroads 150 years ago. Meatpackers, farmers…
Egypt’s central bank cut its key interest rates by 100 basis points for the second meeting in a row on Thursday, but the Ministry of Finance announced the same…
The UAE Ministry of Economy predicted that non-oil sector contribution to the GDP would increase to 80% by 2021, compared to 70% recorded last year. In a…
FTSE Russell has added Saudi Arabia into its index of emerging markets, which could see billions of dollars of passive funds being funneled into the kingdom,…
Saudi Arabia’s General Investment Authority (SAGIA) has granted investment licenses to 13 American companies on the sidelines of the Saudi-US CEO Forum. The…
The Central Bank of Kuwait (CBK) and the Islamic Financial Services Board (IFSB) have announced holding a global conference on Islamic finance on May 2 in…
Saudi Arabia ranked seventh worldwide in the index of "Efficiency of Government Spending," according to World Economic Forum (WEF). The index is one of the…
Saudi Arabia and Iraq signed an air transport agreement during the first meeting of the Transport, Border Outlets and Ports Committee at the Saudi-Iraqi…
Crown Prince Mohammed bin Salman bin Abdulaziz, Vice President of the Council of Ministers and Minister of Defense has signed a Memorandum of Understanding…
The Saudi-American CEO Forum 2018, which kicked off in New York on Tuesday, witnessed the signing of around 36 MoUs with a total value of over $20 billion. …
Turkey’s Central Bank has said that its net profit last year was 18.38 billion Turkish Liras ($5.04 billion), soaring by over 92.5 percent from 9.55 billion…