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…
Iraq will support the decision to extend the deal of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries to cut oil output, if…
Damages resulting from Harvey storm on the US refining sector mounted as Motiva Enterprises – owned by Aramco – announced that it would completely halt…
Turkey's economic confidence index increased by 2.5 percent to 106 points in August, its highest level since July 2012, the Turkish Statistical Institute …
The real estate market has started a new phase of changes in supply and demand levels as well as prices – the sector is now subject to supply and demand…
Renault-Nissan announced on Tuesday that it will collaborate with China’s Dongfeng Motor to build electric cars in the world’s biggest auto market. The new…
The Turkish government aims to push its economy to the tenth place in the world, and the third in Europe by 2023. Turkish Economy Minister Nihat Zeybekçi…
Trade exchange between Africa and the Arab world has grown significantly over the past decade, a UN report said, adding that the volume is expected to increase…
Minister of Petroleum Tarek al-Mulla signed three new agreements for oil and gas exploration in the Western Desert of Egypt with the Egyptian General Petroleum…
Foreign investment in Turkey decreased by 8 percent in the first half of 2017 compared with the same period of 2016, Economy Ministry data showed. According…
Saudi Energy Minister Khalid Al Falih revealed that a Beijing-Riyadh joint investment fund will be established in the upcoming days. In addition to the fund…
The Tunisian tourism ministry said on Tuesday that tourism revenues have increased by 19 percent in the first eight months of 2017 compared to the same period…
The next meeting of a ministerial committee of OPEC and non-OPEC has been proposed for September 22 to discuss the countries’ production pact, according to two…
Initial estimates in the UAE expected that implementing the selective tax will generate up to AED7 billion (USD1.9 billion) revenues annually to the federal…
Gasoline exports from China to North Korea took a sharp dip in July, which would threaten critical supplies of fuel and force the isolated country to seek…
The Ministry of Planning and International Cooperation signed Monday a $50 million facilitated loan agreement with the World Bank to support the establishment…
The American-Russian competition over the European energy market has reached a fever pitch in recent days, which is threatening a “bitter battle” between the…
International investment institutions expected Egypt to witness a significant economic improvement starting next year in terms of foreign investment inflows,…
Small and Medium Enterprises General Authority (Monsha’at) will launch an interactive forum (BIBAN), which will be held at the Riyadh Exhibition and Convention…
French oil company giant Total is buying Denmark’s AP Moller Maersk’s oil and gas business for $7.45 billion. The deal will strengthen Total’s operation in the…
Turkey has occupied the third rank among the 20 major economies as to economic growth after its average growth reached 5 percent during the first quarter of…
Twenty-five insurance companies out of 33 listed on the Saudi stock market have achieved a new growth in profitability for the first half of 2017. However,…
White House chief strategist Steve Bannon said in an interview published Wednesday that the US is at "economic war with China" and dismissed the ratcheting up…
At a time when the Saudi market is considered among the top feed importing countries, the kingdom has started to take some steps that would reduce imports and…
Moody’s has affirmed that the drop in the Saudi budget deficit in the first six months of 2017 to less than the half compared to the same period in 2016 is a…