Trump and Saudi discussing global energy markets
Saudi Arabia, the world's biggest oil exporter, will raise its crude supply to a record high in April, the kingdom announced on Tuesday.
Amin Nasser,...
OPEC sees non-cartel oil supply falling in 2016
OPEC said Thursday that it expects oil production by countries outside the cartel to fall in 2016 by more than it previously forecast, in...
Saudi forex reserves stabilize at $659.5b
Saudi Arabia has managed to keep the level of its foreign exchange reserves stable at $659.5 billion at the end of October, according to...
South Africa's Zuma in Saudi to expand economic ties
South African President Jacob Zuma called for strengthening his country's economic ties with Saudi Arabia, during a visit to the kingdom on Sunday.
"While our...
Oil prices surge on fresh talk of OPEC meeting on glut
Oil prices surged Wednesday on renewed speculation about a potential cut in global production that overshadowed another rise in US crude inventories.
US benchmark West...
Egypt's annual urban consumer price inflation eases to 9.1 pct in February
Egypt's annual urban consumer and core inflation eased for a second consecutive month in February but rose month on month as food prices continue...
Jewels still sparkle as Saudi potentially faces austerity
Saudi Arabia may be facing its biggest economic challenge in years but there's little talk of falling oil revenues or austerity at Riyadh's glittering...
Egypt’s core inflation falls to 11.88 pct yr/yr in Feb
Egypt's core inflation fell to 11.88 percent year-on-year in February from 14.35 percent in January, the central bank said on Thursday.
Inflation jumped after Egypt...
Jeddah water project phase-II to be over by mid-2016
JEDDAH: Jeddah’s water shortage woes will be considerably over by the middle of next year, as the second phase of the project with a...
Turkish central bank move raises questions over independence
Turkey's currency plunged Tuesday amid growing questions over the central bank's ability to set policy without interference from the increasingly powerful office of President...
