China on Monday announced a two-month extension of export-control waivers due to expire this month, preserving part of a wide-ranging deal struck after a…
On the eve of the opening of the 31st United Nations Climate Change Conference (COP31) on Monday in the Turkish city of Antalya, attention is focused on the…
Gold rose more than 1% on Monday as softer oil prices eased inflation concerns, while investors awaited key US inflation data and fresh signals from the…
Gulf Cooperation Council (GCC) countries signed an agreement in Manama on Sunday to advance a 2,117-kilometer railway linking all six member states by 2030, as…
The Abu Dhabi National Oil Company, ADNOC, announced on Sunday that it has entered into a follow-on pipeline infrastructure investment agreement with the Abu…
Turkey should pursue a fiscal policy aimed at reducing the inflation rate that touches the 20 percent limit, said International Monetary Fund (IMF) Managing…
Saudi Arabia raised the local price for Octane 95 gasoline to 2.10 Riyals from 2.02 Riyals last quarter and Octane 91 to 1.44 Riyals from 1.37 Riyals per liter…
Saudi Arabia’s Local Content and Government Procurement Commission undertook measures curated to both boost the Kingdom’s economy and fulfill development and…
Observers of the Libyan oil sector are concerned about the negative effects of the military battle carried out by the Libyan National Army (LNA), in Tripoli,…
The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed Thursday that the exports dropped in the first months of 2019 influenced by the…
Tunisia is facing a wave of protests and strikes by private sector employees as a result of the non-activation of wage raise for the years 2018-19. The…
Aramco Trading, the trading subsidiary of Saudi Aramco, has signed an agreement for the supply of Arabian Crude Oil to Poland’s leading refiner, PKN Orlen, in…
Saudi Arabia has slashed its oil production by more than promised as part of a pact to boost oil prices, the International Energy Agency said Thursday, while…
Arab economies are expected to grow by 3.1 percent in 2019 and 3.4 percent in 2020, the Arab Monetary Fund (AMF) said in its April edition of the Arab Economic…
The annual inflation dropped slightly in March while monthly inflation declined remarkably – an indicator on a relative calmness in prices before anticipated…
Saudi Family Businesses contribute to SAR810 (2$216 billion) of the country’s GDP, according to the Corporate Governance in Family Businesses Forum. They…
UAE is one of the most committed countries to the reduction of oil production approved by Organization of the Petroleum Exporting Countries (OPEC), with the…
The wife of ousted Nissan boss Carlos Ghosn was questioned by prosecutors in a closed-door hearing at the Tokyo District Court on Thursday, a week after her…
Venezuela told OPEC that its oil output sank to a new long-term low last month due to US sanctions and blackouts, deepening the impact of a global production…
The members of SABIC’s Board of Directors were approved for a new term until April 2022 at an Ordinary General Assembly meeting held at the company…
Goldman Sachs has raised its forecast for crude oil prices this year, with supply hit by the “shock and awe” implementation of OPEC-led output cuts and by US…
Lebanese Agriculture Minister Hassan al-Laqqis said on Tuesday that Damascus agreed to decrease the charges imposed on goods and trucks crossing its borders…
Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of…
Saudi Arabia is looking forward to increasing production of cultured fish to 100,000 tons in 2022 and around 600,000 in 2030 through enhancing partnership with…
Egypt has officially deposited the African Continental Free Trade Agreement (AfCFTA) ratification instrument, announced Egyptian Ambassador to Addis Ababa…
Judge Robert Jay discharged the jury at Southwark Crown Court involved in a landmark fraud trial of four former Barclays executives accused of paying Qatar…
Saudi Arabia’s internal tourism spending reached SAR121.5 billion (USD32.4 billion) in 2018, according to a recent statistical report by the Tourism…
The OPEC + oil deal is an important example of international cooperation that will help stabilize the oil market, said CEO of the Russian Direct Investment…