Dubai Islamic Bank has successfully priced its $750 million five-year senior sukuk, taking advantage of global interest in Islamic bonds. The bank is the largest Islamic lender in the UAE.

The Covid lockdown this week of a relatively unknown Chinese city sent global prices of aluminum rocketing to a 14-year high. Why did the outbreak in Baise spark fears around the world about the key metal?

ExxonMobil reported a profitable fourth-quarter Tuesday to conclude a strong comeback year in 2021 on higher oil prices amid recovering energy demand.

The surge in oil prices fueled the start of the week's high for the Saudi stock market, while the UAE indices fluctuated throughout the week.

The General Authority for Statistics (GASTAT) released today through its official website a report on Real Estate Price Index in the Kingdom of Saudi Arabia for the fourth quarter (Q4) of 2021. According to the GASTAT, the real estate price index (RPI) increased by 0.9 percent in the fourth quarter...

Qatar World Cup ticket sales were launched at reduced prices on Wednesday with residents and migrant workers able to attend games for just $11 as concerns persist over Covid-19.

Earlier in 2020, Tesla had raised the Full Self-Driving (FSD) price to $10,000 from $8,000.

It has become the first US company to reach that valuation.

At the global scale, 56.5 percent of oil reserves and 26.7 percent of natural gas reserves are owned by Arab countries.

Having more than trebled in value to $60,000 between December 2020 and April, bitcoin has lost some shine to trade at under $50,000 heading into the new year.

Merely producing great quantities of oil or having a shortage does not dictate whether a country will have the cheapest or costliest gasoline.

The UN barometer of world food prices has surged to a new peak, reaching its highest level since July 2011, the UN Food and Agriculture Organization (FAO) announced. The FAO Food Price Index, which tracks the international prices of a basket of food commodities, is up 3.9 percent from September,...

Price freezes, tax cuts, energy payments or credits, targeted aid... in the face of soaring energy prices European nations are deploying a variety of steps to cushion the blow for consumers.

The Islamic Development Bank of Saudi Arabia has set the price of its second and final issuances as part of its plan to mobilize financial resources.

The rate of inflation in Saudi Arabia spiked in September after being at the lowest level in August, according to official data.

Egypt, the world’s biggest importer of wheat, has stopped buying the grain because the price of it is too high for the North African nation to afford.

With an improvement in global oil demand, the World Bank has predicted Saudi Arabia’s average gross domestic product to reach 2.4 percent in 2021 and 3.3 percent the next year.

The floodlit circuit is expected to run over 6.175 km (3.8 miles), the second-longest on the calendar, and will feature 27 corners.

Saudi Arabia’s economy will benefit from higher oil prices and its successful COVID-19 vaccine roll-out, ratings agency S&P Global has said as it affirmed the Kingdom’s stable outlook in its latest report.

If the Lebanese were expecting a measure of relief from the new Mikati government, they were badly disappointed. The government hiked the price of gasoline, cutting a subsidy that Prime Minister has said the country cannot afford.

ACWA Power of Saudi Arabia intends to raise nearly $1.2 billion through Initial Public Offering (IPO), and in this regard it has set an indicative price range of the IPO.

The United Arab Emirates will slash prices of petrol and diesel from September 1 amid the easing of Covid pandemic restrictions.

The prices would apply globally with adjustments for certain regions.

Owing to higher prices in the transport sector, Saudi Arabia's consumer price index rose 0.4% in July from a year earlier and was up 0.2% month on month, government data showed on Sunday.

Egypt's annual urban consumer inflation increased to 5.4% in July from 4.9% in June, official statistics agency CAPMAS said on Tuesday.

Iraq is confident about securing a $4 billion dollar loan from the International Monetary Fund (IMF) after it restarted talks with the world’s top lending institution.

Saudi Basic Industries Corp. (SABIC) has reported a big jump in second-quarter profit as it sold more chemicals at higher prices than the previous quarter amid an increase in crude prices.

Investors are waiting with bated breath for Saudi Aramco to post its first half results and the expectation is that the company will post high profits.

Egypt has decided to withdraw subsidy from bread that will make it dearer for a people who have relied on government-subsidized bread for decades. It is not clear how much the price would go up by.

The flow of goods, the price of bread, and other food commodities will remain immune from the increase in fuel prices due to fluctuation in global prices  

 Gasoline price rise likely to ease the shortage of fuel Lebanon is experiencing one of the worst economic crises in history Faced with an acute shortage of gasoline, Lebanon’s caretaker Prime Minister Hassan Diab approved a proposal to finance fuel imports at a rate of 3,900 Lebanese pounds to the...

    The drop was helped by reports that Chinese oil-imports stood at a five-month low China's crude imports were down 14.6 percent in May, from a high level a year earlier     Oil prices fell on Tuesday as concerns about the fragile state of the global recovery in...

  Marine segment is a critical market for Cummins in the region Cummins offers both commercial and recreational marine diesel engines, marine application engineering services and a global parts and service network Cummins’ marine segment has been bolstered by a spike in the oil prices in the Middle East, where...