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…
Saudi Aramco’s Chief Executive Amin Nasser has revealed that Aramco is in a quest to maximize the value of each barrel of crude oil it produces in the near…
A US official has affirmed that his country is willing to cement economic cooperation with Saudi Arabia, namely in the field of food security. Allan Holman,…
OPEC has raised its forecast for oil supply from non-member countries in 2018 as higher prices encourage US shale drillers to pump more, offsetting an OPEC-led…
Iraq signed an agreement with BP on Thursday to increase production capacity from the northern Kirkuk oilfields, which were regained from the Kurds in October…
Saudi Arabia's Transport Minister Dr. Nabil Al-Amoudi met on Wednesday with Bahraini Transport Minister Kamal Al-Amoudi in Riyadh. The two discussed a report…
The exchange rate of the Moroccan dirham upheld stability for the third day, following the enforcing of a decision to move to Morocco's flexible exchange…
Saudi Arabia’s investment regulatory authority is working hand-in-hand with the energy ministry to promote investment opportunities encompassing renewable…
The "sudden decline" in the Yemeni rial on Wednesday, slowed down following the announcement of the Saudi deposit of two billion dollars. As soon as the…
Dubai-based Emirates Airlines said Thursday it has struck a $16 billion deal to buy 36 Airbus A380 superjumbos. The company said it had placed firm orders…
Kuwait’s oil minister Bakhit al-Rashidi said on Wednesday there is no plan or intention so far to exit from a production-cutting agreement among OPEC and non…
The Jordanian government decided to impose new taxes on several goods and products in order to reduce the public debt. All sales tax exemptions (zero and 4…
China is heading towards banning the centralized trade of virtual currencies as well as venues and applications that use these currencies, namely Bitcoin…
The damage caused by protesters amounted to 20 billion Moroccan dirhams (approximately 1.9 billion euros), in addition to the injury of 902 security forces…
Algeria’s state oil firm Sonatrach will exchange crude for refined products with the world’s largest oil trader Vitol in its aim to reduce a record fuel import…
A Saudi official has affirmed that Riyadh and Moscow are preparing for launching two investment funds this year, the first fund is to support energy industries…
Custodian of the Two Holy Mosques King Salman bin Abdulaziz has ordered a deposit of 2 billion dollars into Yemen's Central Bank, the Saudi Press Agency…
The year 2017 was exceptional for digital currencies, especially bitcoin, whose value rose 1,800 percent to reach nearly $20,000 in December. Trade in the…
Fixed income issues in the Gulf Cooperation Council (GCC) countries jumped in 2017 to highest level, along with the increase of the bonds and assets’ markets…
Saudi Arabia’s Housing Ministry launched, Monday, the first batch of the Sakani 2018 program with 19,481 housing products offered to the beneficiaries. The…
President of the General Auditing Bureau in the Kingdom of Saudi Arabia Hussam al-Angari said that cooperation with other bodies concerned with auditing is…
Saudi Electricity Company (SEC) signed on Monday three cooperation agreements with Japanese companies to implement "Electric Motor Pilot Project in the Kingdom…
Turkey revealed on Monday the route for a canal aimed at easing traffic in the Bosphorus strait that would turn the European half of the megacity of Istanbul…
Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih underlined the Kingdom’s plan to raise its production by about 10,000 megawatts by…
The Middle East's share of renewable energy in the power mix is expected to triple from 5.6 percent (16.7 GW) in 2016 to 20.6 percent (100 GW) in 2035,…