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 said on Thursday it would invest 5.23 billion Egyptian pounds ($315 million) in the Sinai Peninsula in fiscal 2019-20, a 75% rise on the year, in a…
Parliament Speaker Nabih Berri has struck a positive note over the expected announcement by Standard & Poor’s, an international financial institutions, on…
The Abu Dhabi National Oil Company (ADNOC) has awarded three contracts for the procurement of casing and tubing, whose combined scope is Dh13.2 billion ($3.6…
Natural gas production at Egypt’s Zohr field, the largest gas field in the Mediterranean, has increased to 2.7 billion cubic feet per day (bcfd), speeding up…
Lebanon has high chances of making an offshore energy discovery once drilling gets underway from November or December and its second licensing round is…
Iran's president sent a bill to parliament Wednesday that would cut four zeroes from the value of the country’s sanctions-battered currency, the rial, as…
The Saudi Ministry of Finance has warned traders in the nation against the use of virtual currencies, saying that they are not legally recognized in the…
Moscow affirmed holding strategic relations with Riyadh in all fields, revealing that the trade volume between Russia and Saudi Arabia during the Q1 2019…
Zain Saudi Arabia has started a new round of talks with the Kingdom’s Ministry of Finance to convert the debt it owes, or at least part of them, into shares. …
Egyptian President Abdel Fattah el-Sisi said he looks forward for the 7th Tokyo International Conference on African Development (TICAD7), and all possible…
Analysts and bankers said that most of the Suez Canal certificates of deposits due on September 4 will not be withdrawn from banks after their due date. They…
Tourism revenues in Tunisia jumped 44 percent to TND3.16 billion (USD1.12 billion) year-on-year to August 10, official figures showed on Monday. Tourism - a…
Saudi Arabia's crude oil exports in June fell to 6.72 million barrels per day (BPD) from 6.94 million BPD in May, official data showed on Monday. Saudi…
Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources told Reuters on Monday…
President Trump’s tariffs on Chinese imports are forcing Americans to pay more for everyday products. Many economists have shown this. If you look at the…
Egypt’s Minister of Finance Mohamed Maaet announced Sunday that a draft unified law for the general budget and government accounting has been completed and is…
Dubai welcomed 8.36 million international overnight visitors during the first six months of 2019, a 3 percent increase compared to the same period last year,…
Morocco’s leading mining company, Managem, announced its turnover for the first half of 2019 has declined after the average price of cobalt dropped 62 percent…
Over 5 million tourists visited Tunisia during the first seven months of his year, a 15.6 percent increase from the same period in 2018, according to the…
A record number of people departed Beirut’s Rafik Hariri International Airport on Friday, said Interior Minister Raya al-Hassan. She said 22,800 travelers…
OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more,…
Tunisia’s Gross Domestic Product (GDP) grew 1.1 percent in the first half (H1) of 2019, well below government expectations of up to 3 percent of economic…
The Egyptian Finance Ministry has revealed that in its 2019-2020 budget Cairo is planning to reduce the government debt to GDP ratio to reach 77.5 percent by…
Turkish industrial production fell for the tenth consecutive month in June, data showed on Friday, offering few signs of a pick-up in economic growth as…