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RIYADH: Serviced apartments and other hospitality facilities in Saudi Arabia saw their first year-on-year decline in the fourth quarter of 2025, while hotel prices experienced their steepest drop in five quarters. This indicates that the
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LONDON: The International Energy Agency sharply cut its forecasts for global oil supply and demand growth, saying both are now expected to fall from 2025 levels as war in the Middle East disrupts oil flows
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RIYADH: The Managing Director of the International Monetary Fund, Kristalina Georgieva, affirmed that the strength of the Gulf states’ economic fundamentals contributed to supporting the stability of the region’s economies during the war between the
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LONDON: Oil prices fell on Tuesday as signs of possible talks to end the US-Israeli war on Iran eased supply fears stemming from the blockade of the Strait of Hormuz. Brent futures edged 37 cents lower,
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DUBAI/WASHINGTON: The International Monetary Fund sharply reduced its 2026 growth forecast for the Middle East and North Africa to 1.1 percent on Tuesday as war chokes Gulf oil and gas exports. Iran, Iraq and Qatar
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RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Tuesday, gaining 59.41 points, or 0.52 percent, to close at 11,486.18. The total trading turnover of the benchmark index was SR6.19 billion ($1.65 billion), as 218
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RIYADH: Saudi Arabia’s Public Investment Fund has committed a fresh $550 million investment to electric vehicle maker Lucid Group through its affiliate Ayar Third Investment Co., as the manufacturer expands its robotaxi partnership. The new capital comes alongside an expanded
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RIYADH: Geopolitical tensions in the Middle East, coupled with the closure of some airspaces, have led to a redirection of travel toward domestic destinations. Growing demand for nearby, stable destinations with easier access within the
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RIYADH: The ongoing conflcit in the Middle East could expose weaknesses in the legal structures of sukuk, particularly where the bonds are backed by physical assets that may be damaged in attacks, S&P Global Ratings
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JEDDAH: Bahrain’s economy grew 3.5 percent in 2025, driven by a 4.1 percent expansion in non-oil sectors that offset a contraction in oil output, according to official data. Non-oil activities accounted for 85.8 percent of
