Saudi Gold Refinery Company (SGR) announced Sunday it has secured 10 licenses to explore gold in the Republic of Tanzania, covering a total area of nearly 1…
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,…
The NEOM company on Tuesday started construction work on the first phase of residential complexes dedicated to project workers’ housing. The first phase will…
A package of new laws drafted by Saudi Arabia as part of its Vision 2030 will attract more private investment and enhance the credit quality of the Kingdom's…
Director of the International Monetary Fund (IMF) Middle East and Central Asia Department Jihad Azour has said Arab countries need to provide more than 28…
Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month's end. Brent crude futures dipped 0.26 percent to $64.38…
Drug-maker Purdue Pharma, manufacture of the OxyContin drug, has filed for bankruptcy protection, as part of efforts to deal with thousands of lawsuits that…
The Emirates Water and Electricity Company and Saudi Arabia’s ACWA Power have signed the water purchase agreement for the world’s largest sea water reverse…
The National Oil and Gas Authority (NOGA) announced that BAPCO’s refinery operations remain uninterrupted, with no impact on the supply of oil products to the…
The Sudanese Ministry of Commerce and Industry has given producers and manufacturers a three-month period to prepare for implementing the Premier’s directives…
Iraq signed Sunday a landmark deal with the GCC Interconnection Authority (GCC IA) for a transmission line. Initially, the line would import 500 megawatts…
Saudi Arabia has succeeded in absorbing the first shock caused by the attacks on two Aramco facilities in Abqaiq and Khurais. The Wall Street Journal quoted…
During a recent visit, the French envoy in charge of following up the decisions of the CEDRE Conference urged Lebanon to put an end to tax and customs evasion,…
Saudi oil experts reasserted that global markets maintained their trust in Saudi Arabia despite the recent terror attack on Aramco refineries. Praising the…
Iraq on Saturday signed a $1.3 billion deal with German industrial conglomerate Siemens and Egypt's Orascom Construction to rebuild a major power plant complex…
The unemployment rate among Saudi Arabian citizens dropped to 12.3 percent in Q2 2019 compared to 12.5 percent in Q1, according to data from the Saudi General…
Tourism spending in Saudi Arabia exceeded SAR36 billion (USD9.6 billion) during July and August of 2019 compared to SAR33 billion (USD8.8 billion) of the same…
Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Thursday that the kingdom would continue to overcomply with oil output cuts agreed by the…
Advanced Electronics Company (AEC), a Saudi Arabian Military Industries (SAMI) firm, has signed a teaming agreement with L3Harris Technologies to collaborate…
Algeria is looking into allowing majority foreign ownership in non-strategic sectors of its economy, the government said in a statement on state media on…
The Euromoney Saudi Arabia Conference 2019 will kick off in the Saudi capital, Riyadh, on 18-19 September, organized by Euromoney Institutional Investor, in…
OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need…
Egypt’s communications ministry will begin work on a 40 billion Egyptian pound ($2.44 billion) telecommunications network in the first phase of a new capital…
Lebanon's draft 2020 budget, which was passed to the government for discussion on Wednesday, contains a lower deficit projection than in the 2019 budget,…
The reasons behind the near-collapse of the Palestinian economy are the tightening grip of occupation, the suffocation of Gaza’s local economy, a 6 percent…
Saudi Aramco is primed to float on international markets to complement a planned primary listing at home, the oil giant's chief executive Amin Nasser said on…