Baghdad has urged OPEC to increase Iraq's oil production quota, taking into account the damage done to its industry by its history of conflicts and the recent…
Egypt has revamped its export tax regime for nitrogen fertilizers, replacing a fixed export tax with a 10% ad valorem duty on all nitrogenous fertilizer…
Gold fell for a third straight session on Thursday, lingering near a more than seven-month low it had reached in the previous session, as expectations of US…
Oil prices fell on Thursday to levels last seen before the start of the Iran war as expectations of rising supply from the Middle East outweighed demand…
Gold edged lower on Friday and was headed for a second consecutive weekly drop, as elevated oil prices fueled fears of inflation and boosted expectations of a…
Egypt, the biggest buyer of Russian wheat, aims to create a global grain trading and storage hub, Supply Minister Sherif Farouk said on Friday, speaking at a…
Morocco's annual inflation rate, measured by the consumer price index, rose to 1.7% in April from 0.9% a month earlier, the statistics agency said on Friday. …
British retail sales fell by the most in nearly a year in April as fuel sales plummeted, according to official figures published on Friday that added to signs…
Saudi Arabia’s merchandise trade surplus surged to its highest level since 2022 in March, driven by strong momentum in oil exports, which rose 37.4%, while the…
Saudi Arabia’s financial market is undergoing a structural shift as short-term speculative trading gives way to institutional investment through funds, managed…
The British government is offering cheaper chocolate and discounted entry to theme parks as it seeks to ease a cost-of-living squeeze and win back voters. …
Oil prices jumped while stock markets mostly retreated and the dollar firmed Thursday as hopes of a Middle East peace accord faded on conflicting headlines on…
flynas has announced the launch of direct flights connecting Riyadh with Milan, SPA reported. Starting Thursday, the airline will operate three weekly direct…
Elon Musk announced plans Wednesday for one of the biggest stock sales ever by taking public a space company that is currently losing billions of dollars a…
Gold edged lower on Thursday as higher Treasury yields and a firm dollar weighed on the metal, while hopes of a resolution to the US-Iran conflict limited…
Saudi Arabia Requires Shipping Companies to Let Consumers Inspect Packages Before Accepting Delivery
Saudi Arabia’s Ministry of Commerce issued an official directive requiring all private-sector shipping and delivery companies to allow consumers to open…
The Gulf Cooperation Council and Britain have announced a trade deal worth $5 billion a year in the long run, deepening economic ties between the two sides and…
Airbnb, facing tighter local regulations on short-term home rentals, announced Wednesday it is adding boutique hotels, car rentals and grocery delivery to its…
Saudi Arabia is spearheading international efforts to stabilize global oil markets and contain the fallout from a supply crisis triggered by the Iran war and…
Saudi Arabia is no longer just an oil-price bet for global investors. It is becoming a core emerging-market play. That is the view of Emmanuel Laurina, head of…
Standard Chartered CEO Bill Winters sought to assuage staff concerns on Wednesday, a day after saying that the bank will cut thousands of jobs over the next…
The UK government has quietly watered down sanctions on Russian oil in an effort to shelter Britons from the cost-of-living squeeze triggered by the closure of…
QatarEnergy has acquired interests in three offshore exploration blocks in Uruguay from a subsidiary of Shell, marking its first entry into the South American…
The US dollar was steady near a six-week high on Wednesday as investors come to terms with the possible need for higher interest rates to tackle inflation due…
China on Wednesday said it will buy 200 Boeing jets and seek an extension of a trade truce struck with the US that is set to expire this November. The…
British consumer price inflation slowed to 2.8% in April from 3.3% in March, according to official figures published on Wednesday. Economists polled by…
A planned strike at South Korean chip giant Samsung Electronics will go ahead from Thursday, its union said, after talks on bonus payouts collapsed, raising…
Riyadh Air, Saudi Arabia’s new national carrier wholly owned by the Public Investment Fund, is moving onto the global aviation stage through London, with an…