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,…
Analysts have slashed their oil price forecasts to the lowest in more than 16 months, citing softening global demand as an economic slowdown looms and…
The Saudi Arabian Ministry of Housing has launched a new initiative under the Sustainable Building program, which is a service to test the quality of…
Tunisian Prime Minister Youssef Chahed, a candidate for president in next month's election, said on Thursday the country should press ahead with his government…
Japanese Prime Minister Shinzo Abe and Egyptian President Abdel Fattah el-Sisi inaugurated the seventh edition of the Tokyo International Conference on African…
The cost of insuring Lebanon’s sovereign debt against default jumped to a fresh record high and the country’s dollar-denominated bonds came under pressure…
Aramco Trading Company (ATC) sold its first-ever cargo of US West Texas Light (WTL) crude, with a South Korean refiner the buyer, as the Saudi Aramco unit…
The United States has agreed to give Tunisia financial aid worth $335 million over five years to support its democratic transition, the Tunisian Development…
Dr. Hamid al-Zawbai, Deputy Minister of Oil for Gas Affairs, has affirmed that a list of investments in the petrochemicals and oil fields were suggested before…
Saudi Arabia's Ministry of Communications and Information Technology launched a five-year strategy aimed at accelerating the sector's growth by 50 percent and…
Group Managem announced Tuesday a 13 percent drop in its sales in the first half of 2019, totaling MAD2.16 billion (USD227.5 million) end of June. The…
Saudi EXIM Bank will start operating at the end of this year or during Q1 of 2020, as the bank awaits approval of its system and bylaws, announced Secretary…
The Egyptian Ministry of Petroleum announced Monday that its expanding search activities of oil petroleum and gas, and developing output fields in Ras Shukeir,…
The Saudi Ministry of Labor and Social Development has approved some amendments in the Executive Regulations of the Labor Law, introducing a new list of…
The total profits of listed companies in GCC countries stocks relapsed 14.7 percent on annual basis in the second quarter of 2019, reaching USD15.8 billion…
Kuwait’s non-oil exports dropped 4.9 percent in July compared to the same month last year, according to the Ministry of Commerce and Industry. The number of…
The Saudi National Grid, a subsidiary of the Saudi Electricity Company (SEC), said it covers more than 13,000 cities and villages across Saudi Arabia. It…
The Egyptian government intensified Friday its preparations to host the two-day Invest in Africa 2019 conference, which is set to be held in the New…
Lebanon will overcome its economic crisis, Finance Minister Ali Hassan Khalil said on Friday as Fitch downgraded the country's credit rating to CCC while…
Egypt’s central bank on Thursday cut the overnight deposit rate by 150 basis points to 14.25 percent, for the first time since February, after July inflation…
Planning for the drilling of 12 wells in Morocco is at an “advanced stage,” with the campaign targeted to begin in the fourth quarter of 2019 and complete in…
Boeing said it has entrusted all of its defense operations in Saudi Arabia to the head of its Saudi unit Eng. Ahmed Jazzar. “Saudi Arabia is one of our key…
OPEC's share of the global oil market has sunk to 30 percent, the lowest in years, as a result of supply restraint and involuntary losses in Iran and Venezuela…
Saudi Arabia's Ministry of Finance announced closing the August 2019 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The…
South Sudan has made a small oil discovery in Northern Upper Nile State, its first since independence in 2011 when exploration was interrupted by war and…