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The IMFSaid Last Month That Growth in the Non-Oil Sector Was Expected to Accelerate as the Kingdom Moved Ahead With Economic Reforms. (Shutterstock)

September 18th, 2018 - 07:18 GMT

IMF Confident Saudi Can Meet 1.9 Percent GDP Forecast

Saudi Arabia’s economy can achieve an International Monetary Fund forecast of 1.9 percent gross domestic product growth this year, the central bank governor said on Sunday.

Egypt announced additional tenders for 665,000 tonnes of gasoil and 132,000 tonnes of gasoline for November arrival, levels that could suggest a protracted delay of Aramco products. (Shutterstock)

October 9th, 2016 - 08:30 GMT

Halted Saudi oil deliveries leave Egypt scrambling for tenders

Palestinian president Mahmud Abbas (C) waves as he is escorted out of the Istishari Hospital in the West Bank city of Ramallah on October 6, 2016, following his discharge. (AFP/Abbas Momani)

October 7th, 2016 - 10:00 GMT

Palestinian president Mahmoud Abbas released from hospital

A picture shows desruction as Syrian pro-government forces advance in Aleppo's Bustan al-Basha neighbourhood on October 6, 2016. (AFP/File)

October 7th, 2016 - 06:30 GMT

Russia warns of consequences as US considers striking Assad’s forces

The Fadhili power plant will be owned 30 per cent by SEC, 30 per cent by Aramco and 40 per cent by private sector partners. (Shutterstock)

October 6th, 2016 - 08:00 GMT

France's Engie to build $1.2B power plant in Saudi Arabia

A file picture shows Russian S-300 missiles being prepared to be launched. (AFP/File)

October 5th, 2016 - 07:00 GMT

Russia brings out the big guns, deploying S-300 missile system to Syria

The rise in exports was mostly attributed to a rise in shipments of condensate – a type of ultra light oil often produced with natural gas. (File photo)

October 4th, 2016 - 08:00 GMT

Iran oil exports hit benchmark pre-sanctions output levels

One of Norine's designs. (Facebook)

October 2nd, 2016 - 09:08 GMT

Ohh la la: Norine Farah to represent Egypt at Paris Fashion Week

Sources in OPEC said the group would reduce output to 32.5 million barrels per day from current production of 33.24 million bpd, according to Reuters. (File photo)

September 29th, 2016 - 06:13 GMT

OPEC reaches consensus on cutting output

Egypt also decided to scrap the process of sending a team of six government officials to the port where the wheat was being shipped from. (Shutterstock)

September 28th, 2016 - 04:28 GMT

Egypt outsources wheat inspections to Swiss company, angering traders

Egypt has been scrambling to attract investment needed to restore growth since the 2011 uprising, which ushered in protracted political turmoil and scared away tourists and foreign investors. (Wikimedia Commons)

September 27th, 2016 - 06:30 GMT

Egypt seeks $10B FDI for major infrastructure upgrades

Falah Al Amri, Iraqi governor to OPEC and Director General of Iraq’s Oil Marketing Co, known as SOMO. (YouTube)

September 22nd, 2016 - 08:30 GMT

Iraq raises expectations for Algiers oil meeting

The conflicting regulations on wheat imports led to disturbances in the market as several shipments were rejected at the ports en route to Egypt. (File photo)

September 22nd, 2016 - 06:49 GMT

Egypt reinstates old wheat policy after decline in imports