French energy major TotalEnergies on Friday said it would invest in a Kazakhstan-based onshore wind and energy storage project, valued at $1.2 billion, and…
Oil rose on Friday on concerns of a renewed military escalation in the Middle East after Iran released footage of commandos boarding a cargo ship in the Strait…
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and Minister of Investment Fahad Al-Saif have participated in the Saudi-Swiss…
Wall Street stocks retreated from records early Thursday as markets digested a trove of mixed earnings reports and monitored the latest dynamics between the…
The Turkish Central Bank's total reserves fell by a hefty $22 billion last week to $155.5 billion, bringing their declines since the start of the Iran war to …
Aluminium prices climbed around six percent in early trading on Monday after Iran attacked two major plants in the Gulf that produce the widely used metal,…
World Trade Organization talks broke up with no agreement on Monday on a plan for reform or even on extending a moratorium on e-commerce, piling more pressure…
The US dollar held broadly steady on Monday, poised for its strongest monthly gain since July as investors fret about the ramifications of a long war in the…
Global airlines have begun to hike fares and cut capacity to cope with the sudden surge in the oil price, but the industry's ability to remain profitable may…
Saudi Arabia’s private sector has emerged as a key engine of growth in the Kingdom’s rapidly expanding tourism industry, with investments totaling SAR219…
Oil prices extended gains on Monday, with Brent headed for a record monthly rise, after Yemen’s Houthis launched their first attacks on Israel over the weekend…
Iran's annual inflation rate rose to 50.6 percent by mid-March, up three percentage points from the previous month, the country's official statistics center…
US and Israeli attacks on Iran have driven up prices, darkened the outlook for the world economy, sent global stock markets reeling and forced developing…
Two liquefied petroleum gas tankers, BW Elm and BW Tyr, are crossing the Strait of Hormuz bound for India, according to ship tracking data from LSEG and Kpler…
Saudi Arabia’s crucial East-West pipeline that circumvents the Strait of Hormuz is pumping oil at its full capacity of 7 million barrels a day, a person…
One year after a package of landmark decisions issued by Crown Prince Mohammed bin Salman on March 29, 2025 to rebalance Riyadh’s real estate market, a new…
The Future Investment Initiative (FII) Institute concluded FII PRIORITY Miami 2026 with conversations about how the global economic outlook is being reshaped…
Danish container shipping group Maersk has temporarily halted its operations at the Port of Salalah in Oman, it said, following a security incident that…
Global ratings agency Fitch reaffirmed Israel's long-term foreign-currency rating at "A" with a negative outlook on Friday, adding that rising public debt…
Softbank Group said on Friday it has secured a $40 billion bridge loan to bolster investments in ChatGPT-maker OpenAI and for general corporate purposes,…
Large differences remain between most countries and the US and India as trade ministers meet to discuss reforms at the World Trade Organization, two diplomats…
The European Central Bank should not rush to raise rates in response to surging energy costs, as its “baseline” outlook remains intact and there is no sign yet…
Egypt has ordered shops, restaurants and shopping malls to close from 9:00 pm from Saturday, hoping to curb energy bills that have more than doubled because of…
The Turkish Central Bank's balance sheet for this week will show foreign exchange sales amounting to near $20 billion, bringing the total forex sales since the…
The Saudi Ports Authority (Mawani) has announced the addition of the RSX service by Marsa Ocean Shipping to Jeddah Islamic Port, featuring a capacity of up to…
China wishes to strengthen economic cooperation with the United States to avoid "vicious competition", commerce minister Wang Wentao told US Trade…
The dollar hovered near multi-month peaks on Friday as investors sought safety in the shadow of an intensifying Middle East war and mounting doubts over any…