NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet another major cryptocurrency, Ether, has been enjoying its own meteoric rise. Launched in 2015, Ether, also known as Ethereum, is by far the second-largest digital currency in terms of total...

Beijing, China--China's commercial vehicle sales soared 79.6 percent year on year to 324,000 units in January, according to industry data. Specifically, some 289,000 trucks were sold during this period, a surge of 81.8 percent year on year, according to the China Association of Automobile Manufacturers. A total of 35,000 coaches...

The rise was due to the hospitals and pharmacy segments.

The firm posted a year-on-year net profit rise of 316 percent.

It posted a 31% jump in net profit to US$229.13m in 2023.

DOHA, QATAR - The Consumer Price Index (CPI) for October 2023 reached 108.09 points, showing an increase of 1.08 percent when compared to CPI of September 2023. Compared to CPI of October 2022, on a year on year(Y-o-Y) basis, an increase of 2.52 percent has been recorded in the CPI...

AJMAN, UAE – The Ajman Chamber of Commerce and Industry (ACCI) has revealed that the volume of exports from the emirate grew 19.6 percent during the first half of 2023 (H1 2023). The emirate’s total exports reached US$1.2 billion (AED4.57 billion) in H1 2023, compared to some US$1.1 billion (AED4.3...

European stocks rebounded but Asian markets ended mixed after a Chinese rate cut failed to reassure investors. At midday, Paris stocks were up by more than one percent, with both Frankfurt and London also pushing higher. Market sentiment has taken a hammering this month by a string of weak data...

Dubai, UAE--Oil prices soared more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended supply cuts through September, adding to undersupply concerns. Brent crude futures rose $1.10, or 1.3%, to settle at $86.24 a barrel, while...

Revenue climbed by 17 percent to a record US$31.8 billion.

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...

Cairo, UAE--Egypt's annual urban consumer inflation in December shot up to 21.3 percent from 18.7 percent in November, exceeding analyst expectations. Data from the statistics agency CAPMAS showed on Tuesday that the inflation figure was the highest since December 2017, when it hit 21.9 percent. The price rises followed a...

Its net profit for the first nine months of the year was $3bn.

EU leaders meeting in Prague looked to bridge divisions on how to tackle soaring energy prices as they grapple with the fallout from Russia's war on Ukraine. President Volodymyr Zelensky was dialling in from Kyiv as the bloc looks to maintain its economic and military support for Ukraine and hold...

The firm won the nod from CMA to increase capital by 700%.

G7 industrialized powers vowed Friday to "urgently" move towards implementing a price cap on Russian oil imports in a bid to cut a major source of funding for Moscow's war in Ukraine. The G7 said it was working towards a "broad coalition" of support for the measure but officials in...

The Saudi firm says weapons business fueled growth.

Inflation in Saudi Arabia jumped to 2.3 percent, in June, from 2.2 percent in May, driven by a rise in food and beverages prices. “Food and beverages prices were the main drivers of the inflation rate in June 2022 due to their high relative importance in the Saudi consumer basket...

Equities rose in most cities Tuesday in Asia as some stability returned to markets after last week's upheaval, but analysts warned of further pain for traders after central bank officials hinted at more interest rate hikes to reel in inflation. In commodities markets, oil extended gains as traders moved back...

The net foreign assets of Saudi central bank rose by SR4.0 billion ($1.07 billion) to SR1.63 trillion in April, according to the data published on the website of SAMA. The kingdom's net foreign assets increased by 0.2 percent from SR1.63 trillion in March. Over the same period, the central bank's...

Markets rose Monday as investors rediscovered some verve after the release of healthy US data and as China eases some of its strict Covid curbs in Shanghai and Beijing, lifting hopes for the world's number two economy. The US reading lent hope that the worst of the inflation surge may...

Saudi Arabia's non-oil exports surged to $7.52 billion in March 2022, according to  the General Authority for Statistics, also known as GASTAT. Non-oil exports excluding re-exports rose by 22.4 percent year-on-year. On a monthly basis, non-oil exports also grew by S3.2 billion, or 12.8 percent. Oil exports, which includes crude...

Saudi Arabia's supply of oil to China has soared 38 percent in April, hitting the highest monthly volume since May 2020.

Wheat prices surged to a new record high on Monday after India decided to ban exports of the commodity as a heatwave hit production. The price jumped to 435 euros ($453) per tonne as the European market opened. Global wheat prices have soared on supply fears since Russia's February invasion...

Annual inflation in Saudi Arabia has spiked to 2.3 percent in April, up from 2 percent in March. According to the General Authority for Statistics, also known as GASTAT, the consumer price index, or CPI, in April 2022 has surged 2 percent when compared to the corresponding period a year...

Major stock markets mostly steadied Tuesday, with traders braced for a sharp US interest rate hike to curb soaring inflation. All eyes are on the conclusion Wednesday of the US Federal Reserve's two-day policy meeting, where it is expected to lift borrowing costs by half a percentage point for the...

The British firm reported $14.5bn revenue in Q1.

The exports were driven mainly by chemical products which jumped 80 percent year-on-year with a share contribution to total non-oil merchandise exports of 35.7 percent.

Annual Inflation in Lebanon has spiked to 208 percent in March despite the intervention of the country's Central Bank. According to the government data, transportation costs rose 489 percent compared to March 2021, with health expenses up 441 percent. Food and beverages climbed 390 percent, while restaurant and hotel costs...

Shares of Saudi mining firm Amak surged 30 percent on its debut on the kingdom's main stock exchange.

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

Saudi Arabia has reported a robust growth in its economy, posting a 3.2 percent increase in the gross domestic product, a year after its economy struggled with recession.

DP World of the UAE has posted a twenty six percent increase in revenue to $10.8 billion in 2021, despite problems in supply chain network.

Saudi energy giant Aramco's shares rose to a record high on Wednesday amid a surge in global oil prices following Russia's invasion of Ukraine. The Gulf kingdom -- the world's top crude exporter -- has remained the firm's majority shareholder since a December 11, 2019 listing.

In spite of an increase in transport and food costs, inflation in Saudi hovered at 1.2 percent in January, according to the Kingdom’s General Authority of Statistics, also known as GASTAT.

Expo 2020 Dubai visitor numbers continue to rise, reaching 10,188,769 visits as of 18th January, while Expo 2020 Dubai’s virtual visitation passed the 65 million mark.

Dana Gas has announced that its collections from the KRI and Egypt rose 107% year-on-year in 2021 to $377 million from $182 million in 2020, enhanced by a strong rebound in oil prices.

Exports of Amman Chamber of Industry (ACI) have soared 16% during the past 11 months of 2021, compared to the same period in 2019, driven by the rising exports of most industrial sectors.

The UN Conference on Trade and Development (UNCTAD) has warned that the rising shipping prices could spike global inflation by 1.5 percent in 2023, and that the smaller, trade-dependent countries could be hit badly.

First Abu Dhabi Bank has recorded a 26 percent rise in net profit to AED9.2 billion in the first nine months of 2021.

The Saudi Investment Bank (SAIB) has recorded a 9 percent rise in net profit to $206.7 million in the first nine months of 2021, a bourse filing revealed.

Advanced Petrochemical Company of Saudi has posted nearly 40 percent increase in net profit to $58 million for the third quarter, because of a big jump in polypropylene sales.

Network International, the UAE-based payment solutions firm, has posted a 19 percent jump in revenue in the third quarter, increasing values of payments processed in both the UAE and Jordan.

Non-oil exports of Saudi Arabia vaulted 26.8 percent to SR23 billion in August, compared to SR18.1 billion in the same period of last year.

Bitcoin hit a new record on Wednesday, surging past $65,000 after it took another step towards mainstream status as the world's biggest cryptocurrency forayed onto Wall Street.

Dubai’s consumer confidence index rose to its highest level in a decade during the third quarter of 2021, the Dubai Economy reported on Sunday. 

Saudi Arabia’s non-oil exports rose 37 percent to a record SR125.3 billion in the first half of 2021, SPA reported. Non-oil exports were SR91.7 billion in the first half of 2020.

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 pandemic might have battered other sectors of the world economy, but the shipping industry has raked in revenues not seen since 2008.

Demand for food in the Gulf Cooperation Council (GCC) will reach 52.4 million metric tons (MT) by 2025, up from 46.8 million in 2020.