Saudi Arabia leads GCC efforts towards defense self-reliance by creating the first military industries committee, aiming to reduce foreign imports...
Doha, Qatar-- Qatar is looking to develop "plans and strategies" to streamline procedures and regulations in order to solve solve...
The Central Bank of the UAE (CBUAE) has announced that the new AED5 and AED10 banknotes have entered circulation in...The CBUAE in collaboration with the UAE Banks Federation (UBF) has provided the new AED5, AED10 and AED50 notes
The new denominations have been replenished to dedicated ATMs from participating banks across the country
Indonesia's decision to suspend palm oil exports in the face of domestic shortages has pushed vegetable oil prices to new...Indonesia's export ban is designed to bring down prices in the country and limit shortages, according to authorities
Indonesia's palm oil storage system, which was already holding substantial reserves, is now under further stress
The main Saudi index had a variable week, the Abu Dhabi exchange suffered a slight decline, while, the main index...A 1.4% drop in Al-Rajhi Bank's stock and a 1.8% drop in Saudi National Bank's stock weighed on the TASI on Tuesday, causing a 0.3% drop
On Friday, the Abu Dhabi index fell by 0.2%, with losses of 1.3% at First Abu Dhabi Bank capping off two sessions of gains
The Purchasing Managers' Index (PMI), a key gauge of manufacturing activity, came in at 47.4 in April.The Purchasing Managers' Index (PMI), a key gauge of manufacturing activity, came in at 47.4 in April
The figures come as Beijing digs in on a zero-Covid strategy that involves stamping out clusters as they emerge through targeted lockdowns
A rising number of tech-savvy millennials, 60 percent of whom shop online, is one of the most important factors responsible...A meager $5.3 billion, or 0.4 percent of the GCC's GDP, was generated by e-commerce in 2015. By 2020, revenue had quadrupled to $21.6 billion.
According to the Kearney Global Consultancy Firm, GCC e-commerce sales are expected to surge to $52 billion annually by 2025.
Oil is the lifeblood of the North African country trying to move past a decade of conflict since the fall...The Libyan closures follow the selection of a new PM, Fathi Bashagha, by Libya's eastern-based parliament in a direct challenge to Tripoli-based interim PM Abdulhamid Dbeibah.
Analysts say eastern Libyan forces who back Bashagha have forced the closure of the oil facilities in a bid to press Dbeibah to step down.
The French economy reported zero growth in the first quarter as households reduced their consumption due to rising inflation and...The zero-growth result was weaker than the INSEE agency's pre-war forecast of a 0.3 percent expansion, underlying the economic difficulties faced across Europe
The figure puts an end to France's strong economic rebound from the Covid-19 pandemic and poses a challenge to President Emmanuel Macron
Turkish President Recep Tayyip Erdogan met with Saudi Arabia's crown prince on Thursday to "develop" relations during his visit to...The pair "reviewed the Saudi-Turkish relations and ways to develop them in all fields," SPA reported
Pictures published by Turkish state media also showed a separate sit-down with King Salman, the crown prince's father.
- Indonesia began imposing a complete ban on palm oil exports Thursday, as the world's largest producer of the commodity risked...
Authorities in Southeast Asia's most populous country fear the scarcity and rising costs could provoke social tensions
The embargo would include all exports of the oilseed and not only products intended for edible oils
“At the very least,’ Tunisia needs to go ahead with parliamentary elections promised by the end of the year, a...Tunisia has been seeking a loan package from the IMF, in which the US is the largest stakeholder
The country is currently coping with an economic crisis aggravated by the Covid-19 pandemic
