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 Eurozone economy grew by 0.6 percent in the last quarter of 2017, the statistical office of the European Union said. Eurostat revised its growth…
Inflation in Sudan surged to 52.37 percent in January from 32.15 percent in December, the state statistics agency said, amid rising food prices that have…
Saudi Stock Exchange (Tadawul) and Nasdaq have signed a specialized agreement that aims at developing Tadawul's technical infrastructure. The agreement…
The rise in global oil production, led by the United States, is likely to outpace growth in demand this year, the International Energy Agency said on Tuesday. …
Head of the Local Content and Private Sector Development Unit at the Saudi Council of Economic Affairs and Development stressed that his country’s economy is…
The Saudi Arabian Military Industries (SAMI) announced its inaugural participation at the Armed Forces Exhibition for Diversity of Requirements and…
Crown Prince of Dubai and Chairman of the Dubai Executive Council Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum has launched 26 projects to be undertaken by…
By 2050, 150 million people will leave the workforce and 450 million people will join the workforce, which means there is a gap of about 300 million jobs that…
The Gulf Cooperation Council's family businesses have shown confidence in their prospects for 2018, as they begin to adapt to the “new norm” of lower oil…
Britain charged on Monday Barclays’ operating subsidiary with granting Qatari investors with an illegal loan. The loan was used to prop up its shares during…
While a number of digital currencies have witnessed sharp fluctuations over the past few weeks resulting in financial losses for many investors, it is certain…
"The safety of the banking sector determines the safety of the national economy of any country, which supports the role of banking supervision to serve the…
India has realized the IT revolution using its own resources, after it had missed out on the industrial revolution, India's Prime Minister Narendra Modi said…
Remittances from expatriate Egyptians rose by 29.3 percent year-on-year in December to around $2.6 billion, the central bank said on Sunday. The bank said…
Sharp swings in global financial markets in the past few days are not worrying since economic growth is strong but reforms are still needed to avert future…
Arab countries must reduce public wages and subsidies in order to rein in spending, achieve sustainable growth and create jobs, IMF chief Christine Lagarde…
Algerian Finance Minister Abdel Rahman Rawi said on Saturday that his government is looking for reforms in the subsidy system as it seeks to get rid of the…
The Saudi stock market is heading in a slightly different direction than in the past few months as it closed down lower by 3% this week. The weekly falls…
Economic growth in Egypt is expected to accelerate in 2018, according to Bloomberg Economics’ Chief Middle East Economist Ziad Daoud. Daoud said that Egypt…
Britain’s Sound Energy has said it plans a three-well gas exploration drilling program in eastern Morocco this year. The company confirmed its exploration…
Tunisian Prime Minister Youssef Chahed wants to sack central bank governor Chedli Ayari and replace him with Marouane El Abassi, who is the World Bank…
As the business community in Egypt expects the Central Bank of Egypt (CBE) to reduce the interest rate, Arqaam Capital noted the possibility that this step…
Abu Dhabi National Oil Company (ADNOC) announced investing $3.1 billion in a project to upgrade the crude oil Ruwais Refinery, aiming to increase…
Egypt’s inflation rate has dropped to around 17 percent in January, down from 21.9 percent in December, the Central Agency for Mobilization and Statistics…