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 agreement between Saudi Arabian Monetary Authority (SAMA) and US-based financial technology company Ripple in managing a cross-border transaction of local…
Saudi Arabia's Finance Minister Mohammed Al-Jadaan affirmed that the Kingdom's strong stimulus packages to the private sector will have a positive impact on…
A number of Arab investors began to consider investing in cryptocurrency after the recent gains, not to mention the bitcoin that peaked at $19 thousand per…
International Petroleum (IP) Week kicked off on Monday in London- an event where giant oil companies meet with traders and analysts. There were three key…
Tourism in Tunisia hit record highs in 2018, reversing damage incurred by the sector in wake of 2015 terrorist attacks. “We aim to receive 8 million…
General Department for Local Manufacturing Support General Director Engineer Atiyah al-Maleki expected the volume of contracts in 2018 Armed Forces Exhibition…
Saudi Arabia is working on a basket of significant legislations that would enhance the business performance environment in the country. The new bankruptcy law…
Saudi Arabia increased its crude oil exports slightly in December to 7.045 million barrels per day (bpd), official data showed on Monday. The kingdom, OPEC’s…
Israel struck two historic agreements with Cairo to sell $15 billion worth of natural gas to Egypt. The Israeli energy group Delek said on Monday agreements…
Bahrain Economic Development Board (EDB) announced on Sunday a record year for foreign investment in 2017 with investments amounting to $733 million, which is…
Central Bank of Jordan (CBJ) data showed on Sunday that foreign exchange reserves grew 1.5 percent in January compared to the end of 2017. Jordan's foreign…
The International Monetary Fund (IMF) has raised Turkey's growth forecast for 2018 from 3.5 percent to 4 percent. The IMF said in its mission concluding…
The Fitch ratings agency on Friday upgraded Greece's sovereign debt grade, citing budget surpluses, greater political stability and the growing economy. The…
The White House released on Friday a report that found that the economic costs of "malicious cyber activity" in 2016 were between $57 billion and $109 billion…
European shares gained on Friday, snapping a three-week losing streak as earnings updates continued to impress and volatility and jitters over rising…
Turkey's unemployment rate fell 1.8 percentage points on a yearly basis in November compared to the same month in 2016, the country's statistical authority has…
The Egyptian central bank cut its main interest rates by a percentage point each on Thursday, the first time it has lowered them since letting the currency…
The dollar fell broadly on Thursday to a 15-month low against the yen as negative sentiment towards the dollar overshadowed the impact of a 10-year US Treasury…
The dollar fell broadly on Thursday to a 15-month low against the yen as negative sentiment towards the dollar overshadowed the impact of a 10-year US Treasury…
Former World Bank official and economics professor Marouane El Abassi, who was confirmed by Tunisia’s parliament as the new central bank governor on Thursday,…
The Ministry of Housing and Real Estate Development Fund have launched the second batch of My House Program for the year 2018 on Thursday, with a total of 20…
The Russian Direct Investment Fund (RDIF) has pledged to set up a “significant consortium” of investors to take part in Saudi Aramco’s initial public offering …
The New York borough of Manhattan is richer and more populated than ever, but a growing number of businesses are closing their doors under the pressure of…
Saudi Arabia's King Salman bin Abdulaziz Al Saud stressed his keenness to develop bilateral relations between Riyadh and Moscow, reiterating the need to…