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 Saudi Energy Efficiency Center stressed the importance of balancing vehicle tires on a regular basis as it promoted it as an approach to reduce fuel…
Region of Gulf Cooperation Council (GCC) witnessed another year of disappointing economic performance in 2017, however expectation shows that economic growth…
Egypt's national budget deficit fell to 4.2 percent in the first half of the fiscal year 2017-2018 compared to five percent a year ago, the Egyptian Planning…
The European Bank for Reconstruction and Development sees enormous prospects in Lebanon, but potential investors need to see progress on reform and, over the…
Foreign investors pumped 1.37 billion riyals ($365.3 million) into the Saudi domestic market last week, a figure higher than the average liquidity of foreign…
Abu Dhabi National Oil Company (ADNOC) signed two major agreements with French Total, awarding the company 20 percent interest in Umm Shaif and Nasr…
Iraq’s state-oil marketer SOMO’s chief Alaa al-Yasiri said he expects that oil rates will remain stable at their current figures for all of 2018. “I expect…
The state oil company of the energy-rich capital of the United Arab Emirates said it has signed a deal worth $1.45 billion with French oil giant Total SA…
Tunisian Minister of Commerce Omar al-Bahi revealed that the e-commerce trade in Tunisia is limited and didn’t exceed TND 166 million (around $63 million) last…
The Saudi Arabian General Investment Authority (SAGIA) and the Ministry of Labor and Social Development decided to open the door of foreign investment for…
Euro zone consumer prices grew less than expected in February because of a fall in unprocessed food prices and reduced energy inflation, data from the European…
CI Capital announced Thursday that it plans to sell 246.9 million ordinary shares, or 43.6 percent of the company, on the Egyptian Stock Exchange (EGX). The…
A new report issued by the World Bank warned of an imminent collapse in the Gaza Strip as the economic and social situation continued to deteriorate steadily…
Algeria’s economy grew by 2.2 percent in 2017, down from 3.3 percent the previous year, due to a decline in the performance of the energy sector, the central…
Minister of Commerce and Investment Majed Bin Abdullah al-Qasabi underlined the importance of Saudi Authority for Intellectual Property Rights (SAIPR) role in…
Future outlook for Saudi banking system is "stable" which is a positive indicator in light of the economic growth of the Kingdom in 2018, backed by increased…
The Board of Governors of the Islamic Development Bank Group (IsDB Group) announced holding its 43rd annual meeting to discuss development issues and…
Moroccan Secretary of State to the Minister of Industry, Investment, Trade and Digital Economy in charge of Foreign Trade Rkia Derham revealed that in 2017, 2…
China’s industrial output grew 7.2 percent in the first two months of the year compared with the same period last year, while fixed-asset investment growth…
US President Donald Trump’s decision to slap tariffs on imported steel and aluminum could spark retaliation from other countries and lead to unforeseen…
The Libya Africa Investment Portfolio (LAIP) is considering increasing its investments in Morocco, said Portfolio International Relations Manager Younis…
Sudan’s central bank has received a deposit of $1.4 billion from the United Arab Emirates to help bolster its foreign exchange reserves, state news agency SUNA…
Within days, Aramco will start producing unconventional gas from the north, in a quest to supply electricity companies there and Waad Al Shamaal City with the…
Qatar’s National Bank, one of the gas-rich peninsula’s biggest banks, announced that it was doubling its foreign ownership limit to 49 percent. Sources…