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 stock market is expected to start joining the emerging global indices as of the second quarter of 2018. Britain's FTSE is expected to announce within…
This recently renovated apartment is on the second floor of a traditional Dalmatian stone house built in 1928 in the historic center of the island city of…
Saudi Basic Industries Corporation (SABIC) launched Monday “Nusaned” initiative to support investment in small and medium enterprises and develop local content…
Reflecting the Saudi economic reforms’ effect on job creation for locals, the Saudi General Authority of Statistics revealed a substantial decline in…
Saudi companies involved in the gas station sector have announced that their profit margins will not change with respect to selling fuel. One of these…
Saudi Arabia will start on Monday the implementation of VAT, according to the Unified VAT Agreement for The Cooperation Council for the Arab States of the Gulf…
The 2018 edition of the Saudi International Exhibition for Internet of Things (IoT) will be held at the Riyadh International Convention & Exhibition Center…
They were the cheapest in the store, but the Converse knockoffs were still 500,000 bolívars a pair. “Son locos” — they’re crazy — Viviana Acosta had said,…
Saudi Aramco and its partners have launched International Maritime Industries (IMI), a joint venture to build a shipyard on the kingdom's east coast. The…
As Saudi Arabia begins next Monday to apply the Value Added Tax (VAT), regulators in the trade and consumer protection sectors have prepared to counter any…
Three agreements were signed during the reconstruction of Makkah Region Conference, which was concluded on Wednesday. One of the deals aims at implementing an…
The Bahrain Economic Development Board (EDB) recently revealed that investments in Bahrain’s tourism infrastructure have reached over $13 billion. The…
OPEC and Russia’s efforts to curb oil output, combined with forecasts for strong global demand growth, are expected to keep crude prices close to $60 a barrel…
Apple and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, two sources told Reuters, as part of the Saudi Vision 2030. Both…
The Saudi Basic Industries Corps, SABIC, announced that Saudi Arabia-based Jubail United Petrochemical Co. has signed a joint venture agreement with the South…
In the coming days Egypt will inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez. SUMED, which has operated two…
The main factor holding firms back in Europe’s biggest economy is a shortage of skilled labor, the IW economic institute in Cologne said. In 2014, the…
Fahd al-Sukait of the Council of Economic and Development Affairs has discussed with officials in the National Logistics Committee at the Council of Saudi…
A total of 700,000 families received over SAR1,000 (USD266) per family as financial aid through the Citizen’s Account Program, knowing that the second…
Value-added tax (VAT) will be implemented in Oman in 2019, the country has announced. Unconfirmed reports revealed that Kuwait might also follow suit. Gulf…
Experts predicted that 2018 will see higher levels of adoption of cloud computing solutions and technologies in Saudi Arabia at a time when the global market…
Iraq has not yet reached an agreement with Exxon Mobil on a multibillion-dollar project to boost output from several southern oilfields, Oil Minister Jabar al…
Saudi Aramco has awarded a contract to build three temporary construction facilities (TCFs) to Azmeel Contracting Company as part of the company’s Gas…
Saudi Arabia's Finance Ministry on Monday stated that it has approved SAR 851 million loan for 12 health, education and hospitality projects. This comes…