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…
Bitcoin hit a new record high on Monday after smashing through the $8,000 level for the first time over the weekend, marking an almost 50 percent climb in just…
World Bank confirmed its full support to the Saudi economic reform program represented by Vision 2030 in all fields, stating that Saudi Arabia is one of the…
Sudan announced a raft of emergency measures on Monday aimed at reducing the outflow of foreign currency from its banking system and stabilizing its pound…
As Venezuela’s dilapidated energy sector struggles to pump enough crude oil to meet the country’s OPEC output target, rival producers within the exporters…
Fardin Asadi, the manager for development of oil layers at South Pars, said on Sunday that Iran has exported about 4.26 million barrels of oil from South Pars…
Saudi Aramco has shut down its crude oil refinery in Jeddah, which is considered one of the Kingdom’s oldest as it was established 50 years ago, converting the…
Saudi non-oil revenues rose nearly 80 percent in the third quarter of 2017, a clear indication that economic reforms carried out by Saudi Arabia are paying off…
The Jordanian government has reached a deal with a US company to establish an airport for logistics services in Mafraq, which is located northeast of the…
Cairo will host on Monday the two-day conference of African Securities Exchanges Association (ASEA), sponsored by Egyptian Prime Minister Sharif Ismail,…
Insurance companies listed in Saudi domestic stock market earned additional profits worth SAR1.13 billion (USD349.3 million) during the first nine months of…
President Recep Tayyip Erdogan has blasted Turkey’s Central Bank, saying that lack of government intervention in monetary policy has saddled Turkey with high…
The investment climate in Saudi Arabia enjoys an advanced position among world economies. This climate resulted from the record-breaking number of reforms…
The Tunisian government has reached a deal with the UGTT (labor union) to lift the retirement age for public servants by two years as part of efforts to limit…
More than 400 American millionaires and billionaires are sending a letter to Congress this week urging Republican lawmakers not to cut their taxes. The…
More than 20 EU leaders met in the Swedish city of Gothenburg on Friday to discuss social issues, including jobs, economic growth, education and culture, for…
The Ministry of Communications and Information Technology signed a MOU with Siemens to boost digital industrial transformation in the Kingdom in tandem with…
Jordan’s Ministry of Public Works has singed an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to help improve…
Tunisia’s economic growth remained stable at 2.1 percent year-on-year in third quarter, the state statistics institute said on Thursday. The growth was also…
Libyan analysts linked continuity in exporting oil to the security stability of Libya. Chairman of the National Oil Corporation (NOC) Mustafa Sanallah…
Ronaldo Mouchawar, CEO and co-founder of Souq.com, which was acquired by Amazon, revealed that 80 percent of Saudis use smartphones in e-shopping. In…
Saudi Arabia’s Energy Minister Khalid al-Falih said on Thursday it was too early to make an assessment on a possible extension to global oil output cuts but…
Unemployment rates in Egypt fell during the third quarter of 2017 registering the lowest rate since 2011’s first quarter, as national economic growth. Egypt…
SoftBank Group plans to invest as much as $25 billion in Saudi Arabia, USD15 billion out of which will be invested in NEOM – the new project that was unveiled…
US retail sales unexpectedly rose in October as an increase in purchases of motor vehicles and a range of other goods offset a decline in demand for building…