Baghdad has urged OPEC to increase Iraq's oil production quota, taking into account the damage done to its industry by its history of conflicts and the recent…
Egypt has revamped its export tax regime for nitrogen fertilizers, replacing a fixed export tax with a 10% ad valorem duty on all nitrogenous fertilizer…
Gold fell for a third straight session on Thursday, lingering near a more than seven-month low it had reached in the previous session, as expectations of US…
Oil prices fell on Thursday to levels last seen before the start of the Iran war as expectations of rising supply from the Middle East outweighed demand…
Three Saudi-flagged supertankers transited the Strait of Hormuz on Thursday, according to ship-tracking data, just hours after US President Donald Trump signed…
EU leaders will grapple on Thursday over whether the bloc needs new beefed-up trade defenses to curb the surge of Chinese exports deemed an existential threat…
Oil prices tumbled again Thursday after US President Donald Trump and his Iranian counterpart signed off on a deal to end their war and reopen the Strait of…
Saudi Arabia’s Industrial Cities and Technology Zones Authority (MODON) has strengthened the Kingdom’s position as a global logistics platform and a key hub…
The Syrian Petroleum Company has signed a major implementation contract with US companies ConocoPhillips and Novaterra Energy to develop gas fields and raise…
Saudi Arabia's new airline Riyadh Air won the right to operate flights to and from the United States, the US Transportation Department said in an order Tuesday…
Exxon Mobil has signed a preliminary deal to supply liquefied natural gas to Zululand Energy Terminal, which will be South Africa's first LNG import facility…
The world oil market will recover gradually from the closure of the Strait of Hormuz before tipping into a significant surplus in 2027, the International…
The US Federal Reserve is expected to hold interest rates steady on Wednesday at Kevin Warsh's first meeting in charge of the central bank, with rate hikes…
British inflation unexpectedly held at 2.8% for May, unchanged from the 13-month low reached in April, official figures showed on Wednesday, a day before the…
Gold prices were steady on Wednesday, near a one-week high, as investors awaited further details on the US-Iran agreement and the Federal Reserve's policy…
Oil prices inched lower on Wednesday, extending the previous session's declines as investors assessed the US-Iran peace deal, though uncertainty over the full…
The energy sector and the global economy have avoided the worst-case scenario: oil at $150 a barrel. That was the level many financial institutions and…
Syria on Tuesday signed a contract involving US oil giant ConocoPhillips to develop the country's gas sector, state media reported, as Damascus seeks to…
Oil prices fell about 4% on Tuesday to fresh three-month lows as markets weighed prospects for a resumption of supplies through the Strait of Hormuz alongside…
Gold prices rose more than 1% on Tuesday as expectations of an interest rate hike from the US Federal Reserve this year eased, following an interim US–Iran…
Saudi Arabia is preparing to host Riyadh International Industry Week 2026, which will take place June 21–24 at the Riyadh International Convention and…
The war in Iran has exposed major risks for Southeast Asia that could cost the region many billions of dollars if it does not diversify sources of energy more…
Goldman Sachs lowered its fourth-quarter Brent crude oil price forecast to $80 from $90 and cut its 2027 average estimate to $75 from $80, after the US and…
The recent breakthrough in the Strait of Hormuz crisis is more than a temporary development aimed at ensuring the flow of energy shipments. It represents a…
Most ‌Gulf equities rose in early trade on Monday after the US and Iran announced a preliminary deal to end the war and restore traffic through the Strait…
Elon ‌Musk said on Sunday that his rocket company, SpaceX, could bring in $1 trillion in revenue by 2030, making the statement two days after the company…
Global ratings agency Fitch on Monday affirmed China's long-term sovereign rating at "A" with a stable outlook, citing its large and diversified ‌economy,…
Saudi Arabia’s consumer price index (CPI) rose 1.8% year-on-year in May 2026, compared with the same month a year earlier, according to official data released…