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,…
Egypt’s annual urban consumer-price inflation rate declined to 7.5 percent in August from 8.7 percent in July, the lowest rate in years, according to the…
Saudi non-oil growth is expected to continue recovering in 2019, accelerating to 2.9 percent this year, revealed a report by the International Monetary Fund …
Dr. Sultan Ahmed Al Jaber, Minister of State and Group CEO of the Abu Dhabi National Oil Company, ADNOC, said Monday that the long-term outlook for global…
Saudi Arabia wants to enrich uranium for its nuclear power program, Energy Minister Prince Abdulaziz bin Salman said on Monday. The world’s top oil…
Egypt hopes to boost feeble foreign direct investment (FDI) by automating and simplifying customs and tax processes, Finance Minister Mohamed Maait said on…
Saudi Arabia's new energy minister suggested on Monday that oil producers would need to share greater responsibility to balance the market in comments that…
Saudi banks have revealed that Saudi Arabian Monetary Agency’s (SAMA) announcement on the maximum limit of fees for banking services does not bind banks to…
ACWA Power plans to focus more on renewable energy projects, lifting their share of its portfolio to 70% over the next decade, its chief executive and…
Egypt intends to issue international bonds worth $3 billion- $7 billion in the 2019-2020 financial year, Finance Minister Mohamed Maait said on Monday. …
Oil prices rose on Monday after Saudi Arabia, the world’s largest exporter of crude, named oil veteran Prince Abdulaziz bin Salman as its new energy minister,…
United Arab Emirates’ Minister of Energy and Industry Suhail al-Mazrouei said on Sunday that OPEC and non-OPEC producers are “committed” to achieving oil…
The Yemeni government said on Sunday it reached an agreement with the World Bank on enhancing the abilities of the country’s Central Bank to stabilize the…
Saudi Arabia said on Sunday it had begun accepting license applications for firms in the military industrial sector, a major target under plans to diversify…
Tunisia's Ministry of Tourism and Handicrafts has affirmed that tourists exceeded six million by the end of August 2019. The record is the first over the past…
The new draft law on the development of small, medium and micro enterprises, includes many tax and non-tax incentives to support this vital sector, as one of…
A total of 287 deals worth about 185.42 billion yuan (26 billion US dollars) have been signed at the fourth China-Arab States Expo in northwest China's Ningxia…
Turkish President Recep Tayyip Erdogan said on Saturday he expected the central bank to keep cutting interest rates, five days before its monetary policy board…
The third round of the four-day China-Arab States Business Summit was concluded Friday in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region…
The finance ministers of Saudi Arabia, the United Arab Emirates, Kuwait and Bahrain praised the positive results of Bahrain’s fiscal balance program, which…
French President Emmanuel Macron is satisfied with Beirut's progress on starting an infrastructure investment program, Lebanese Prime Minister Saad Hariri's…
President Trump said on Tuesday that Chinese manufacturing would “crumble” if the country did not agree to the United States’ trade terms, as newly released…
Egypt’s Minister of Petroleum & Mineral Resources, Tarek El-Molla has signed two agreements between the Egyptian General Petroleum Corporation (EGPC) and the…
Turkey may lose trade with Britain worth up to $3 billion in the event of a no-deal Brexit, Turkish Trade Minister Ruhsar Pekcan has warned. Pekcan,…
Saudi Aramco, the world's biggest oil producing company, said on Thursday that it signed a Memorandun of Understanding (MoU) with China’s Zhejiang free trade…