Saudi central bank foreign assets fall 1 pct in August
Oct 5 Net foreign assets at Saudi Arabia's central bank fell 1 percent from the previous month to 2.455 trillion riyals ($655 billion) in...
Saudi Arabia to raise domestic petrol prices by 'up to 40%'
Saudi Arabia will raise domestic petrol prices by up to 40 per cent, AFP has reported, citing the kingdom's state press agency, SPA.
Initial reports...
2-7% increase in retirement pensions – Algeria
Algeria, the OPEC member's public finances have come under pressure after a sharp fall in global crude oil prices caused energy earnings, the main...
Stocks, dollar and oil cool ahead of Doha meeting
Reassuring Chinese GDP data helped stocks, commodity markets and the dollar consolidate strong weekly gains on Friday, as focus turned to a meeting of...
Saudi Arabia gives assurances on supply as oil hits $80/barrel
Saudi Arabia said on Thursday it would make sure the world is adequately supplied with oil to support global economic growth just as top...
Saudi fiscal reserves slide to 4-year low on weak oil
Saudi Arabia's fiscal reserves dropped to a four-year low last year as the government sought to finance a budget deficit caused by plunging oil...
PT Pertamina and Saudi Aramco ink pact for refinery upgrading project in Indonesia
Indonesia’s PT Pertamina and Saudi Aramco have signed a heads of agreement (HoA) to formalize key business principles for joint ownership, operation and upgrade...
Egypt hikes natural gas prices by up to 75 percent
Egypt raised natural gas prices for households and businesses on Saturday by between 33.3 and 75 percent, the latest among tough austerity measures aimed...
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...
Saudi Arabia presents plan to move beyond oil
Saudi Arabia outlined ambitious plans on Monday to move into industries ranging from information technology to health care and tourism, as it sought to...
