Saudi Arabia’s domestic non-oil exports increased by 8.5 percent year-on-year in August 2026, despite an overall decline in merchandise exports, according to the General Authority for Statistics (GASTAT).
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Saudi Arabia’s Acwa and US-based EIG Management Co. have launched a joint venture named Plenum Power, targeting an initial equity commitment of $4 billion for US power generation and energy storage investments.
Oman has opened new areas for mineral exploration to international investors as it seeks to attract foreign capital and reduce its dependence on oil and gas revenues.
The world’s poorest economies are receiving only a fraction of the investment pouring into artificial intelligence, semiconductors, clean energy and critical minerals, UN Secretary-General Antonio Guterres warned on Sunday, urging governments and investors to…
The US-Israeli war with Iran has hit Gulf states harder than the rest of the Middle East and North Africa region, and even a sharp recovery next year will not fully reverse the economic losses, the International Monetary Fund has said.
