Egypt new ‘furniture city’ backfires
Egypt has built a multi-billion-pound "furniture city" near the mouth of the Nile in a hope to aid growth by reigniting success in the...
Saudi to stick with its long-term oil strategy
Saudi Arabia's planned cuts in spending and energy subsidies signal that the world's largest crude exporter is bracing for a prolonged period of low...
Saudi King Salman visits Egypt
Despite years of mutual frustration and disappointment over diverging priorities, Saudi Arabia and Egypt remain fundamental to each other's security, a message King Salman's...
ISIS fighters hit with 50% paycut due to airstrikes
The Islamic State (ISIS) militant group has been forced to cut its fighters' pay by up to 50 percent because U.S.-led air strikes have...
Morocco launches first solar power plant
King Mohammed VI on Thursday inaugurated Morocco's first solar power plant, a massive project that the country sees as part of its goal of...
KSA able to use space technology to prevent Ebola
Canadian born Assistant Professor, Dr. Farhan M. Asrar at the University of Toronto in Canada, has disclosed that Saudi Arabia can use space technology...
US stocks fall, yields up after Fed boosts rate hike expectations
Wall Street stocks ended down on Wednesday as energy stocks turned lower on a drop in oil prices and two Federal Reserve officials said...
Kuwait oil strike enters day 3, some output restored
A strike by oil workers that has slashed Kuwait's output entered its third day on Tuesday but the state oil firm said it had...
Saudi Arabia invited to Uzbek investment forum
Uzbekistan’s Ambassador Alisher Kadirov said Thursday that his country and Saudi Arabia are riding the crest of excellent bilateral ties.
“Since the establishment of diplomatic...
World disasters cost $71 billion in first half of 2016
From earthquakes in Japan to wildfires in Canada, disasters cost the world economy $71 billion (62 billion euros) in the first half of the...
