Moscow and Kyiv agreed in Istanbul last month to resume shipments of wheat and other grain from Ukrainian ports for the first time since Russia invaded its neighbor in February.

The Laodicea, which was docked in the northern port of Tripoli, was cleared to leave after investigations failed to prove it carried stolen goods, officials said. It set sail at 8:00 am (0500 GMT), according to Lebanese state media, and was later reported by authorities in Damascus to have arrived...

Negotiations in Vienna began in April 2021 to restore the deal, but have stalled for the past five months amid differences between Tehran and Washington on several issues. The two sides have negotiated indirectly through the European Union coordinator in a bid to bring the US back into the deal...

Despite being among the world's top crude exporters and the largest Arab economy, Saudi Arabia has failed to balance its books since the 2014 oil price slump, forcing the Gulf state to borrow to make up for shortfalls. In the second quarter of 2022, Saudi Arabia earned more than it...

It returned to profit in Q2 after posting a loss in first quarter

The bank's profits have been hit by Turkey's soaring inflation.

Its profit increased 186 percent in first six months of 2022

The UAE’s citizens' housing segment in 2022 achieved significant regulatory progress and received massive financial allocation for federal, local plans and projects amounting to $6.88 billion.

The BoE is tipped to lift its main rate by 0.50 percentage points the biggest amount in more than a quarter of a century. British inflation jumped to a four-decade high of 9.4 percent in June, worsening a cost-of-living crisis as workers' wages fail to keep pace. With inflation spiking...

The cartel led by Saudi Arabia and Russia decided to raise production by 100,000 barrels per day for September, much lower than previous increases, according to a statement issued after a ministerial videoconference. Oil prices seesawed following the announcement, rising before falling more than two percent in afternoon trading, with...

Due to an improvement in business conditions in July, Saudi Arabia has posted a strong growth in job numbers in the non-oil sector, according to the latest Purchasing Managers Index data report from S&P Global.

The French government warned Wednesday that companies might have to reduce energy use this winter even with the country's natural gas reserves at full capacity, as Russia continues to reduce its gas exports to Europe. "The main players, government agencies and businesses, must reduce their consumption" of gas as well...

Qatar’s Total Broad Money Supply (M2) recorded about QR 675.1 billion ($185.4bn) during June 2022, marking an increase of 9.3 percent compared to June 2021. The Planning and Statistics Authority (PSA) revealed this in its monthly statistics bulletin "Qatar; Monthly Statistics,” issued Tuesday. Cash equivalents; including Commercial Bank Deposits, attained...

The official annual rate of consumer price increases reached 79.6 percent in July compared to 78.6 percent in June. Turkey plunged into a fresh economic crisis when Erdogan set off on an unusual economic experiment nearly a year ago that attempted to bring down chronically high inflation by slashing interest...

A US central bank official still sees hope for the US and EU to avoid recession and achieve a soft landing by bringing inflation down to an acceptable level.

The demonstrations were drained of momentum by a severe economic crisis and the coronavirus pandemic, before the monster explosion presented a stark reminder of the negligence of the country's leaders.

The Ministry of Climate Change and Environment (MoCCAE) and Emirates Development Bank (EDB) have joined hands to set up a scheme to offer finance solutions to modern agricultural SMEs and start-ups.

Canal Authority Chairman Osama Rabea said that the Canal reached its highest monthly transit rate of 2,103 ships, as well as monthly net tonnage of 125.1 million tonnes.

The Central Bank of the UAE (CBUAE) has issued new guidance on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for its Licensed Financial Institutions (LFIs) on the risks related to Politically Exposed Persons (PEPs) or those who hold a prominent public position or function.. The guidance will help...

UAE Ministry of Climate Change and Environment and Emirates Development Bank sign a Memorandum of Understanding to finance agricultural SMEs to contribute to the country's sustainable economic development and food security.

The UAE continues to maintain its regional and international leadership as a distinguished travel destination and a preferred country for living and working.

Uber revenue more than doubled to $8.1 billion in Q2. Uber reported better-than-expected revenue in Q2, fueled by strong demand for the San Francisco-based firm's ride-hailing and food delivery services.

During the meeting, the minister emphasized the UAE's commitment to solidifying its economic and trade partnership with Mongolia to support both countries' developmental agendas as well as their sustainable economic growth.

Krush Brands, a food technology and multi-kitchen food service company, became the first business to join the UAE’s NextGen FDI initiative, the country’s Ministry of Economy announced on Tuesday. The announcement comes three weeks after the launch of the global initiative in collaboration with seven strategic partners and representatives of...

Thousands of Iraqis took to the streets of Baghdad Monday in counter-protests as rival supporters of Shiite Muslim cleric Moqtada Sadr extended their occupation of parliament into a third day. Almost 10 months after Iraqis went to the polls, a political standoff pits two key factions of the Shiite political...

Having pledged to help especially the poor, the ultraconservative cleric now faces runaway consumer prices that have sparked protests.

In late March, inflation-hit Egypt also devalued its currency, which lost around 18 percent of its value overnight.

The United Arab Emirates has formed a committee that aims to supervise and guide the development of the digital ecosystem in the country. The committee will also enhance readiness, competitiveness, flexibility and digital alignment between projects and digital systems in federal government agencies, an official statement said. The formation of...

According to the data from TradingPlatforms.com, the total volume of Non-Fungible Tokens (NFTs) exchanged recently surpassed 20 million ether (ETH) - a cryptocurrency - in Q2 2022. That volume translates to a total value of US$65 billion.

UAE’s central bank said Monday that gross banks’ assets, including bankers’ acceptances, rose to AED3.44 trillion ($936 billion) at the end of May 2022, an increase of 2.9 percent over AED3.34 trillion at the end of April 2022. In its report on the Monetary & Banking Developments for May 2022,...

Brokerage companies in Dubai Financial Market added 20,552 new investor accounts in the first seven months of 2022. The market witnessed significant momentum since the announcement of the listing of 10 governmental and semi-governmental companies.

Algerian President Abdelmadjid Tebboune has suggested that his country, Africa's largest natural gas exporter, could join the BRICS economic group that includes Russia and China.

US envoy Amos Hochstein arrived in Beirut Sunday to push talks to resolve a bitter maritime border dispute between Lebanon and Israel over Mediterranean waters with offshore gas fields. "Reaching a resolution is both necessary and possible, but can only be done through negotiations and diplomacy," the US State Department...

The initiative is part of the Service Excellence Programme, which builds on Qatar Tourism’s strategy, to enhance the visitor experience at every touchpoint along their journey.

Jordan king Abdullah urged coordination among state institutions to ensure the implementation of the modernisation roadmap.

Libya's oil production has returned to the volume recorded before a months-long blockade that paralysed the economy, official sources said on Sunday. "We are happy to announce that our production rates have reached the pre-force majeure levels" of 1.2 million barrels per day, Libya's National Oil Corporation said on Twitter.

A spokesman for the Turkish presidency said there was a "high probability" that a first ship carrying Ukrainian grain could leave Ukraine's port of Odessa on Monday. That is despite Russian missiles hitting the city in the wake of the July 22 agreement on shipping grain between Russia, Turkey, the...

Saudi Arabia's year-on-year economic growth in the second quarter was 11.8 percent compared to the same period last year, according to initial "flash" estimates published by the General Authority for Statistics. The Middle East's largest economy has benefited from a spike in oil prices and has resisted appeals from Western...

Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region and Chairman of the Emirates Falconers’ Club (EFC), has issued directives for the development of the strategy of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX).

An Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back.

In bankrupt Lebanon, Khalil Mansour has to queue for hours every day just to buy bread for his family and some days he can't afford any.

Volunteers shuttled back and forth in fleets of pickups to Iraq's normally secure Green Zone Saturday as protesters who occupied parliament earlier in the day settled in for the long haul.

Mohammed bin Salman's recent Europe visit after US President Joe Biden’s trip to Jeddah suggests that KSA wants to diversify its partners amidst global uncertainties, say experts.

Dubai Electricity and Water Authority (DEWA)’s Marafeq Smart Feature has contributed to accelerating issuing of No Objection Certificates (NOCs) for infrastructure and information services.

Credit facilities provided by national banks to the business and industrial sector rose 1.92 percent to US$3.5 billion (AED13.1 billion) in the first four months of 2022.

Secretary-General of the Malaysian Foreign Ministry said Kuwait is an important partner in oil explorations sector, urging closer investment relations between both the countries.

Experts consider Yemeni honey some of the best in the world, including the prized Royal Sidr known for its therapeutic properties.

The Islamic Development Bank (IsDB) Group has agreed on a $10.54 billion package for the Comprehensive Food Security Response Program (FSRP) that will support member countries in addressing the ongoing food crisis and increase the group's ongoing efforts to contribute to strengthening its members' resilience to future food security problems....

As people are freed from pandemic lifestyles that had them relying on the internet for shopping, playing, working and learning, inflation is pushing up prices and Covid-19 is causing temporary shutdowns of factories in China relied on by tech firms.

Dubai’s real estate market recorded 8,897 sales transactions worth US$6.2 billion approx (AED22.75 billion), the highest volume of sales transactions for June in the past nine years, according to Mo’asher, Dubai’s official sales price and rental performance index.