Lucid Group, an American electric vehicle (EV) manufacturer, said on Monday a $1.75 billion increase in a loan facility from Saudi Arabia's Public Investment…
Saudi Arabia's real estate market continues to attract investment despite geopolitical challenges weighing on economic activity worldwide, supported by new…
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…
The Saudi Arabian General Investment Authority (SAGIA) plans to hold discussions with local companies that are capable of implementing renewable energy…
Saudi Arabian Oil Co. Aramco is in talks with Sibur Holding PJSC, Russia’s largest petrochemical producer, about forming a joint venture in the kingdom. Saudi…
Kuwait's Finance Minister Anas al-Saleh said the economic reform measures provided the country with more than one billion dinars, equivalent to 3.3 billion…
Morocco continues its dynamism in attracting foreign investments and convincing them in establishing their own units in the country as Magneti Marelli, a…
This villa, built in 2009, is on a lushly landscaped, one-acre beachfront lot on Bali’s southeastern coast, in the village of Ketewel. In the approximately 7…
Egypt will be receiving its $2 billion IMF loan payment after the year-end review, the International Monetary Fund said, but inflation -- running at just…
The United Arab Emirates’ first nuclear reactor will definitely be operational next year with the operating company getting a license in 2018, the UAE’s…
Turkey's central bank expects economic growth to remain robust in the third quarter following a 5.1 percent growth rate in the second quarter -- Monetary…
Jordan’s Minister of Planning and International Cooperation, Imad Fakhouri, revealed on Monday an agreement with donor countries to hold the Brussels II…
The European Commission in Brussels said members of the union’s executive panel partook in the Conference on the Future of EU Finances on Monday. The…
CEO of Bahrain’s Economic Development Board (EDB) Khalid al-Rumaihi has unveiled a $100 million venture capital fund to invest in technical companies and in…
The Egyptian Ministry of Finance intends to implement the Government Fiscal Management Information System (GFMIS) to reform public fiscal management. …
Algeria will introduce Islamic financial services before 2018 as a way to cope with its financial crisis, announced Prime Minister Ahmed Ouyahia on Thursday. …
Toys "R" Us Inc (IPO-TOYS.N) has filed for bankruptcy protection in a United States court, the company said, amid heavy debt and a tough environment for bricks…
US-headquartered Bloomberg L.P., world renowned financial software, data, and media firm entered a long-term agreement with Saudi Research and Marketing Group …
ACWA Power International in Saudi Arabia has revealed that required arrangements for financial closure and signing energy purchase agreement for the fourth…
The Fourth Industrial Revolution Council has announced its intention to come up with a comprehensive strategy on the use of the technological tools of the…
Each of Kuwait and Venezuela confirmed that the Organization of the Petroleum Exporting Countries (OPEC) is not nearly close to extending the current cut in…
Apple is expected to unveil on Tuesday the iPhone 8 ten years after co-founder Steve Jobs released the first version. A decade later, the new phone is likely…
Bahrain will host a conference on military alliances in the Middle East, in parallel with the Bahrain International Defense Exhibition 2017, which will be held…
Petroleum Minister Tarek el-Molla and Lorenzo Simonelli, president and CEO of BHGE witnessed the signing of a subsea contract between the US Baker Hughes (BHGE…
Some 60 to 70 Swiss private banks are facing serious problems that could force them to close down or sell up, according to a study published by consultancy…
Global air travel demand in July rose 6.8 percent year on year, slowing from 7.7 percent growth recorded in June, the International Air Transport Association …
About 6.1 percent of US oil production in the Gulf of Mexico is still suspended driven by the tropical storm Harvey, the Federal Bureau of Safety and…