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) awarded the exploration rights for Abu Dhabi Onshore Block 4 to Japan’s INPEX Corporation. Based on the agreement,…
Leonid Mikhelson, chief executive of Russian gas giant Novatek, said on Sunday he had discussed the company’s Arctic LNG 2 project with Saudi Energy Minister…
Saudi Energy Minister Khalid al-Falih said on Sunday he was optimistic about continued commitment to the oil supply cut agreement between OPEC and non-OPEC…
The Egyptian pound strengthened on Sunday to its highest in over two years, boosted by an increase in foreign funds into the country. The currency was…
The Saudi-Iraqi trade mission event will be launched in Riyadh on Sunday, with the participation of more than 130 Iraqi and Saudi enterprises. “Saudi Export…
Tunisia’s Finance Ministry unveiled a government plan to reduce budget deficit from 4.9 percent of the country’s GDP in 2018 to 3.9 percent this year. It…
Annual inflation in Egypt was up by 14.4% in February, as a result of the increase in the prices of food commodities by 15.4%, according to Beltone Financial. …
Saudi General Authority of Zakat and Tax has introduced new regulatory amendments to improve zakat collection, the authority said in a statement released by…
Turkey's short-term external debt stock reached USD118 billion at the end of January, the Turkish Central Bank said on Friday. The figure was up 1.5…
Saudi Basic Industries Corporation (SABIC) and High Throughput Experimentation (HTE) extended plans for collaboration for five more years to increase…
Saudi International Airshow held at Thumamah Airport in Riyadh grabbed the attention of major regional companies and some operational sectors in the aviation…
Sierra Leone's President Julius Maada Bio stressed Thursday importance of working towards attaining political stability, grasping and exploiting opportunities…
OPEC on Thursday cut the forecast of global demand for its crude this year as rivals boost production, building a case for extending supply curbs beyond June…
Italian company Eni said on Wednesday it had made a major gas discovery in the Nour exploration prospect located in the Nour North Sinai Concession off the…
South Korea’s SK Engineering and Construction, of SK Group, announced it has been awarded a $408 million contract to establish UAE’s National Rail Network by…
Oil prices rose yesterday, driven by OPEC's current production restrictions and US sanctions against Iran and Venezuela. By 15:07 GMT, the crude Brent for…
The first national commercial helicopter operator in Saudi Arabia has showcased its chopper during the first Saudi International Exhibition at al-Thumama…
Saudi Basic Industries Corporation (SABIC) intends to merge its two wholly-owned subsidiaries as part of a strategic transformation plan to increase efficiency…
Egypt’s Agriculture Ministry said on Wednesday it would grow about 1.1 million acres of rice in the 2019 season, up from 800,000 acres last year, in an effort…
Iraq’s state oil marketer SOMO announced Tuesday that Feb. oil exports dropped 0.11 percent compared to Jan., noting that the barrel price in Feb. reached USD…
Iran has received the first installment of US$200 million worth of energy and electricity exports to Iraq on the second day of President Hassan Rouhani’s visit…
The fifth gas pipeline will be operational end of the current year, expected Kuwait National Petroleum Company (KNPC) CEO Waleed al-Bader. It is expected to…
Saudi Arabia’s AlOula real estate developer unveiled its plans for Ajdan Rise, advertised as a masterpiece in the skyline of the eastern city of al-Khobar city…
The United States will drive global oil supply growth over the next five years, adding another four million barrels per day to the country’s already booming…