GCC equity markets experienced a March downturn, influenced by seasonal selling pressure during Ramadan, leading to a 3.0% drop in...
On Thursday, bullion touched $2,304.96 per ounce, according to Bloomberg News, after Fed boss Jerome Powell said it would likely...
The preliminary results come after the world's biggest oil exporter resisted US entreaties to raise output in an attempt to...Growth in the oil sector reached 20.4 percent year-on-year in the first quarter, while the non-oil sector expanded 3.7 percent year-on-year, Saudi statistics authority said.
The Ukraine war and the resulting rise in crude prices has been a boon to oil-producing states like Saudi Arabia, whose GDP is expected to grow by 7.6 percent in 2022.
The latest sign of support follows a visit to Saudi Arabia by new Prime Minister Shahbaz Sharif, who has inherited...In recent years, Saudi has provided Pakistan with $4.2 bn of support in the form of the $3 bn loan deposited with the central bank as well as $1.2 bn in deferred oil payments.
Saudi Arabia also pledged "to further enhance the financing of petroleum products" at a time when the South Asian country is suffering from frequent power cuts.
Cybercrime has risen to the forefront of physical security concerns. And big firms are acutely aware of the problem, says...Physical security has progressed from when it was viewed as merely a technique for responding to crime
It now plays a more significant role as a critical component in the digital transformation of business processes
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
