Consumer inflation in the United States slipped in December to the lowest level in over a year, government data showed, signaling the worst of red-hot price increases may be over. Inflation has eased for a sixth consecutive month alongside the Federal Reserve's aggressive campaign, fueling hope for reprieve from steeply...

ROME, ITALY - The world's ability to nourish its burgeoning population is under threat and without broader socioeconomic and environmental change, sustainable agrifood systems will be impossible to achieve, according to a new report by the Food and Agriculture Organization of the United Nations (FAO) issued Saturday. The report, "The...

The world must increase financing for nature-based solutions to meet key climate, biodiversity and land degradation goals, a United Nations report said. The "State of Finance for Nature" report published by the UN Environment Program comes as delegates from nearly 200 countries prepare to meet in Montreal to hammer out...

A pick-up in aircraft orders boosted demand for big-ticket US manufactured goods in October, with numbers rising more than expected, government data showed. Durable goods orders rose one percent to $277.4 billion last month, up from a revised 0.3 percent bump in September, the Commerce Department reported. Transportation equipment led...

The income vaulted to $1.77bn in the first nine months of 2022.

It recorded a150% rise in profit in first nine months of 2022.

Volatile markets were mostly trading up after the ECB announced an expected hike to interest rates in the face of sky-high inflation and the US economy posted positive figures. The European Central Bank rolled out another increase of 75 basis points, despite growing concern the eurozone is hurtling towards a...

The diversification of revenue streams boosted the bank's profitability.

Last April, Italy entered into an agreement with Algeria to increase imports through the Trans-Med pipeline.

Kingdom Holding Co. posted $1.7 billion profit in H1.

The net profit posted 0.73% jump to $147.25m in H1.

The company's net profit rose to $164 million in H1 of 2022.

The hospital operator's profit jumps to $210m in H1 of 2022

Qatar has seen a nineteen percent increase in tourist arrivals with 729,000 visitors coming to the country in the first half of 2022. Qatar Tourism said that in June alone some 149,000 visitors arrived, marking the highest visitation in the summer month in the last 5 years. The month of...

Venture capital investments in Saudi Arabia have posted a staggering 244 percent increase to $584 million in the first half of 2022.

Demand for energy in Dubai has shot up 6.3 percent to 23,096 GWh in the first half of the current year, according to Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (DEWA).

It posted 15% jump in revenue for Q1 to AED5.068 billion.

Suez Canal posted twenty percent increase in revenue in the first quarter of 2022 despite the Russian-Ukraine war disturbing the global supply chain.

DEWA has decided to increase number of shares from 260 million to 760 million to be offered to retail investors in its Initial Public Offering (IPO).

A woman burned alive by her husband, others shot dead by a father or a teenage brother -- bloody violence against women has spiked in northern Iraq's Kurdish region.

The amount generated is expected to help families and businesses struggling with high bills.

After several weeks of declines, reported cases of COVID-19 are once again increasing globally, especially in parts of Asia, WHO Director-General Tedros Adhanom Gebreyesus told journalists in Geneva. In the past week, the agency has seen an 8 per cent increase in detection of COVID-19 cases, with more than 11...

This comes as Etisalat aims to expand its footprint in Saudi Arabia.

Saudi inflation shot up to 1.6 percent in February, fueled by higher gasoline and food prices, the General Authority for Statistics, also known as GASTAT, said in a press statement.

Saudi Ports Authority has posted a 17.5 percent increase in its general cargo's volume of tons in 2022, compared to the same period in 2021.

Driven by high oil output, Saudi Arabia’s Industrial Production Index shot up 11.1 percent in January, official data indicated.

Al Arabia, an advertising firm, has posted a net profit of $55 million in 2021, a 718 percent jump compared to the previous year.

Demand for natural gas has shot up 23 percent during the last ten years, according to Secretary-General of the Gas Exporting Countries Forum (GECF) Eng. Mohamed Hamel.

Arriyadh Development Co. posts a forty percent jump in net profit to $85 million for 2021.

Al Rajhi Bank has recommended a sixty percent increase in the bank’s capital to $10.7 billion.

Amanat Holdings has posted a huge jump in its income for the year ended December 31, 2021 to AED367 million as compared to AED70.6 million recorded last year.

ADNOC Distribution has reported that its EBITDA stood at AED 3.1 billion, with net profit of AED2.2 billion for 2021.

Abu Dhabi National Energy Company (TAQA) has posted a net income (TAQA-share) of AED6.0 billion, a jump of AED3.2 billion, for the year ended December 31, 2021.

During the course of last year, Dubai saw 1,343 eateries opening up across the city, and as a result the number of inspections carried out by Dubai Municipality's Food Safety Department also increased by 12 percent.

During the course of last year, Dubai real estate saw a momentous growth, resulting in deals worth close to $41.1 billion, the highest value since 2009.

Egypt will increase cotton gins capacity to 4.4 million kantars annually up from 1.5 million kantars, according to a government report.

The number of people out of work in Egypt grew 7.5 percent to 2.2 million in the third quarter of 2021, compared to 2.1 million in the second quarter of 2021.

Iraq is expected to scale up its oil exports to 3.4 million barrels per day in the first quarter of 2022. Ihsan Abdul Jabbar, the Iraqi oil minister, was quoted by the Iraqi state news agency as saying.

With the Covid infection tapering off in Saudi Arabia, there has been a reasonable increase in hotel occupancy rates in the kingdom, and the future looks more sanguine as the pandemic restrictions have been gradually removed, according to a study by CBRE.

Taleem Holdings is one of the largest education providers in the Middle East.

The Saudi British Bank (SABB) has posted a 157 percent increase in net profit to $750 million for the first nine months of 2021.

Al Rajhi Bank of Saudi Arabia posted a 44 percent rise in net profit to $2.86 billion for the first nine months of 2021. The bank had earned $1.992 billion in the same period last year.

Egypt is looking to increase the share of renewable energies to over 42 percent by 2035, after the country reached 2022’s target for boosting renewables to 20 percent early this year.

Sharjah Islamic Bank has announced that its board of directors agreed to raise the percentage of foreign ownership in the bank’s shares to 40 percent. The board's nod will now be submitted to the bank’s general assembly for a discussion and final decision. The bank said the decision comes in...

Egypt's non-oil exports increased to $7.5 billion in the first quarter of 2021, compared to $6.5 billion in Q4-20, according to data by the cabinet's Information and Decision Support Center.

Average monthly salaries of Saudi workers have grown by 5.2 percent to SAR 10,490 during the second quarter of 2021, compared to SAR 9,970 in Q2-20.

There has been a sharp growth in Saudi Arabia’s non-oil private sector in September, the fastest in seven years, according to HIS Markit.

Companies in the United Arab Emirates are looking to increase their revenues by as much as 50 percent and recruit more staff in the next 12 months as the economy shows signs of rebound from the Covid pandemic.

Following the discovery of gas by Turkey in the Black Sea, the European Union's gas production capacity is likely to increase by 25 percent.

Saudi Arabia and Greece have decided to set up a business council in order to enhance bilateral trade and investment between the two countries.