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 Ministry of Civil Service explained that the cost of living allowance is fully paid to the employees, who work inside the Kingdom and have employment…
Saudi Basic Industries Corp (SABIC) has agreed to acquire approximately 83 million shares in Clariant, a global specialty chemicals company, from 40 North and…
Bahrain has reviewed its future plan in the field of renewable energy with a delegation from the International Monetary Fund (IMF) on Thursday. This came…
King Abdullah Petroleum Studies and Research Center (KAPSARC) stressed that energy efficiency and structural reforms will lead to increased energy production…
The Central Bank of Tunisia has stated that Tunisia’s foreign exchange reserves in January reached TND 12.3 billion, its lowest rate in 15 years. Tunisia…
OPEC and non-OPEC countries will exit from oil production cuts gradually and smoothly in order not to shock markets in the early part of 2019, when demand will…
Egypt's Suez Canal authority said that revenues rose to $5.3-billion in 2017 from $5-billion in 2016. The Canal revenues rose to $471.5-million in…
The European Union finance ministers have decided to remove eight countries, including the United Arab Emirates and Tunisia from a tax haven blacklist. …
Over 50 percent of the construction and modernization of the project for the replacement and upgrading of the oil pipeline between Bahrain and Saudi Arabia has…
In Davos this week, participants can experience "a day in the life of a refugee." Or hear about ways to uphold the Paris climate accord and promote free trade…
The International Monetary Fund has welcomed in its latest review the reforms that have been undertaken by Egypt but warned against a premature key interest…
The International Monetary Fund (IMF) has raised its economic growth forecasts for Saudi Arabia as oil prices riseو but retained its estimates for the region…
Bahrain’s Industry, Commerce and Tourism Minister Zayed bin Rashid al-Zayani announced Monday a national plan to be implemented by the Ministry in cooperation…
Saudi Arabia’s Ministry of Finance launched its new digital services platform, Etimad, which will boost transparency, improve performance efficiency, and…
Saudi Arabia, top oil exporter, called Sunday for extending cooperation between OPEC and non-OPEC producers beyond 2018, after a deal to cut output succeeded…
Saudi Minister of Environment, Water and Agriculture, Eng. Abdulrahman al-Fadhli announced the establishment of nine water desalination plants using modern…
The world's richest one percent raked in 82 percent of the wealth created last year while the poorest half of the population received none, Oxfam said in a…
Sponsored by Executive Manager of Al Ghazali Trading Company Abdul Latif Bin Mohammed Al Abdullatif, and Regional Sales Director MENA & Sub Continent India of…
Apple, the world’s most valuable company, said Wednesday that it will spend $350 billion on development and create 20,000 jobs in the United States in the next…
The International Monetary Fund (IMF) urged the Middle East countries to work on quick reforms for the public wage bills, as the attempts to curb the…
The dollar fell near a three-year low against a basket of currencies on Friday, heading for a 5-week downtrend in a wave of losses that may be the longest…
Saudi Ambassador to Yemen Mohammed Al Jaber completed his field visit to the Yemeni capital with a series of meetings with security officials and other…
Saudi banks approach from achieving net profits of SAR44b (USD11.7b) during 2017. The first nine months of last year show that listed banks made a net profit…
Finally, some good news for the nation’s retailers: Americans spent more than expected this holiday season, fueling the strongest growth in holiday retail…