News, economy and analysis from across the Middle East
EconomyNews
As parliament prepares to debate the 2027 budget, you'll want to understand how a proposed new exchange rate and a significant deficit could affect your purchasing power and business operations.
The state oil giant has cut prices for November shipments to Asia, offering its flagship Arab Light crude at a $5 per barrel discount. This move targets market share amidst high shipping costs and regional disruptions.
The Kingdom is pausing flagship projects and entertainment events as the Public Investment Fund shifts toward strict spending limits.
A technical upgrade to the Tadawul allows orders to fill across multiple price levels. It comes as the market looks to recover from a difficult third quarter.
Baghdad's state-owned tankers have made their first shipment past the Strait of Hormuz in decades, signalling a major change in how it gets its crude to global markets.
Yemen's Houthi group claimed drone and missile strikes on a Riyadh Aramco facility, sparking fears of energy supply disruptions and pushing Brent crude prices above $106.
The United Arab Emirates has warned Britain it may pull significant investments after a Premier League ruling against Manchester City, signalling a rare diplomatic and economic escalation stemming from sports.
As Houthi attacks persist, the Kingdom is boosting its western pipeline capacity and exploring an Oman bypass to safeguard its crucial oil exports.
The coordinated move by major economies aims to ease global fuel prices and address Europe's diesel shortage. For Saudi Arabia, this could mean less revenue from its primary export.
Soaring global energy prices have pushed Morocco's trade gap wider, putting pressure on household budgets and government finances.