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…
Tunisia’s Central Bank raised its key interest rate to 5.75 percent from 5.0 percent to tackle inflation that has been mounting for months. Tunisia’s…
The visit of Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, to the UK marks the start of a new phase of strategic…
Egypt is considering setting up of a sovereign wealth fund to manage state companies as it plans to list them on the stock exchange, Minister for Public…
The Moroccan government signed an agreement on Monday with the Federation of Chambers of commerce, industry and services, aiming to create an innovative…
US shale oil output is set to surge over the next five years, stealing market share from OPEC producers and moving the United States, once the world’s top oil…
Lebanese Central Bank Riad Salameh announced on Monday that dollar reserves climbed by $1.4 billion in the first two months of the year and its total assets in…
Iraq’s parliament voted on Monday to establish a new National Oil Company to manage its energy sector, lawmakers told Reuters. Iraqi Oil Minister Jabar al…
Egypt’s foreign reserves rose to $42.524 billion at the end of February from $38.209 billion at the end of January, the central bank said on Sunday. …
The Armed Forces Exhibition for Diversity of Requirements and Capabilities (AFED 2018) registered around 57,600 manufacturing orders in Saudi Arabia, while the…
Khartoum announced preparations to launch a counter-corruption program next April, which will vet Sudan’s private sector employees, estimated at about 75,000. …
Road transport is responsible for almost a quarter of Saudi Arabia’s energy use, with 22 percent of energy use in the Kingdom directed at the transport sector…
The number of IPOs in the Arab Gulf countries in the fourth quarter of 2017 reached about eight initial public subscriptions, a significant increase compared…
Turkey has invested more than $35 billion in the defense industry over the past 15 years, Turkish Prime Minister Benali Yildirim said, adding that Turkey has…
The Council of Saudi Chambers and Saudi Electricity Company (SEC) signed on Saturday a strategic partnership Memorandum of Understanding (MoU) in the field of…
The Egyptian Ministry of Trade and Industry revealed that the trade balance deficit dropped 11 percent on an annual basis in January. According to a…
Saudi Debt Management Office (DMO) of the Ministry of Finance (MoF) reported that all banks participating in the international syndicated loan confirmed their…
The Central Bank of Yemen (CBY) denied allegations that Saudi Arabia's $2 billion deposit to shore up Yemen's Riyal has been put off. The bank stated that the…
President Trump’s policies are driving an economic turnaround that puts him in the company of transformative presidents such as John F. Kennedy and Ronald…
Dubai's state-owned DP World said on Thursday the Ethiopian government had taken a 19 percent stake in Somaliland's Port of Berbera. The port operator said it…
After reduction of restrictions on securities, Capital Market Authority (CMA) issued a decision on Wednesday to approve the first licenses of managing special…
International Monetary Fund Managing Director Christine Lagarde said she saw positive and negative effects from a "complicated" US tax overhaul, including a…
China has expressed “strong dissatisfaction” with the United States imposing antidumping and countervailing duties on Chinese aluminum foil, the Ministry of…
Saudi Specialized Products Company (Wahaj), a Sipchem subsidiary, signed a teaming agreement with Lockheed Martin in Riyadh on Wednesday to develop the company…
Egypt’s Petroleum Minister Tarek El Molla said Thursday that his ministry agreed with Saudi Aramco for the oil producer to supply Egyptian refineries with…