Oil prices fell at Monday's open after US President Donald Trump said he was highly unlikely to order new Iran attacks while talks to end the conflict make…
The Gulf Cooperation Council (GCC) member states took a new step toward completing the railway interconnection project by signing the project's general…
Egypt aims to accelerate energy projects with Libya, including gas pipeline links, refining of Libyan crude in Egypt and an electricity interconnection,…
Jasem Albudaiwi, secretary-general of the Gulf Cooperation Council (GCC), said on Sunday that the signing of the General Agreement on the GCC Railway Project…
Saudi Arabia’s September crude oil exports fell 3 percent to 6.67 million barrels per day (bpd) from 6.88 million bpd in August, official data showed on Monday…
The Iraqi Ministry of Oil has announced its intention to select a number of specialized international investment companies to build five new refineries around…
Egypt’s trade deficit declined 25.8 percent during August 2019, recording $3.51 billion, according to Central Agency for Public Mobilization and Statistics …
Abu Dhabi’s flagship carrier Etihad Airways announced on Monday it is launching one of the world’s most fuel-efficient long-haul airplanes as the company seeks…
Bank workers in Lebanon will remain on strike on Monday, the president of the Federation of Syndicates of Bank Employees said Sunday, extending industrial…
Saudi Aramco announced on Sunday the price range for the initial public offering (IPO) and the beginning of book building or offering period for institutional…
Ruler of Dubai, Prime Minister Sheikh Mohammed bin Rashid Al Maktoum and Crown Prince Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan opened Sunday the 16th …
Fuel prices in Tunisia successively increased 24 percent since reaching an agreement with the International Monetary Fund (IMF) on the loan in 2016, in what is…
Russia has earned more money this year from the OPEC+ deal than Saudi Arabia, underscoring how the Kingdom has carried a greater share of the burden of…
Egypt will lower prices of subsidized food staples from December, the state news agency MENA quoted Supply Minister Ali Moselhy as saying on Saturday. A…
Saudi Aramco’s forthcoming listing on the local stock market could help strengthen the government’s net asset position, with the proceeds potentially raising…
Saudi Arabia and Jordan discussed last week efforts to activate the opportunities available north of NEOM project, from the Jordanian side. Jordan’s side of…
Saudi Arabia’s Al Jouf region will launch its first renewable power project before the end of the year, according to the state news agency. The 300mw Sakaka…
S&P Global Ratings Friday downgraded Lebanon's sovereign debt, saying a twin political and economic crisis had hit investor confidence and constrained the…
Saudi Aramco has revealed that it offers the world’s lowest average cost of crude oil production. It said the average cost of crude oil production in the…
Egypt has issued dollar-denominated Eurobonds worth two billion dollars in three tranches to cover part of its five billion dollars 2019-2020 budget, the…
Lebanon will hold a tender for gasoline in December, Energy Minister Nada Boustany said on Friday, as it looks to stave off a potential supply shortage brought…
Dar Al Arkan Real Estate has listed its USD600 million Islamic bond on Nasdaq Dubai bringing the company’s total Sukuk value listed on Nasdaq Dubai to USD1.6…
OPEC said on Thursday it expected demand for its oil to fall in 2020 as rivals pumped more despite a smaller surplus of crude in the global market, building a…
Egypt's central bank cut its key interest rates on Thursday at its third consecutive policy meeting since August, after inflation fell to its lowest in nearly…
The United Arab Emirates and Egypt launched a $20 billion joint investment program on Thursday to develop "economic and social projects". Abu Dhabi Crown…
Moroccan Prime Minister Saad Eddine El-Othmani said his government is moving to develop new, high-value-added sectors to help the economy and prepare for…
Saudi Finance Minister Mohammed Al-Jadaan said that his country, which will host the G20 summit next year, would work on compromise solutions to face the tax…
In the small basement of a two-storey building next to Khartoum’s central bus station, around 40 smartly dressed men and women gather around terminals for an…