Sunday 22 Dec

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Egypt, Saudi ministers discuss industrial cooperation
2024/12/17

Egypt, Saudi ministers discuss industrial cooperation

Engineer Kamel El-Wazir, Egypt's Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, discussed with Bandar Ibrahim Al-Khuraif, Saudi Minister of Industry...

Saudi Arabia to boost oil production by 1 million bpd by 2026, says Bloomberg
2024/12/10

Saudi Arabia to boost oil production by 1 million bpd by 2026, says Bloomberg

Saudi Arabia plans to add 1 million barrels per day to its oil production by September 2026, according to a statement from the eight countries...

Saudi Arabia deepens oil price cuts for Asian buyers
2024/12/09

Saudi Arabia deepens oil price cuts for Asian buyers

Saudi Arabia has significantly reduced its oil prices for Asian customers, exceeding market expectations. This move follows the OPEC+ decision to further delay planned production...

KSA, Russia, Iraq emphasize need for stable oil markets
2024/11/27

KSA, Russia, Iraq emphasize need for stable oil markets

Saudi Arabia, Russia, and Iraq, three key OPEC+ nations, convened in Baghdad to discuss energy markets ahead of the alliance's crucial end-of-year meeting.

OPEC+ to hold virtual meeting this week
2024/11/26

OPEC+ to hold virtual meeting this week

The OPEC+ alliance, led by Saudi Arabia and Russia, is set to hold its scheduled meeting this week virtually. This marks the third consecutive online...

Saudi oil export revenues decline for fourth consecutive month
2024/11/24

Saudi oil export revenues decline for fourth consecutive month

Saudi Arabia's oil export revenues fell for the fourth consecutive month in September 2024, year-over-year. This decline is attributed to reduced export volumes due to...

Saudi Food Safety back in Cairo after 2-year hiatus
2024/11/24

Saudi Food Safety back in Cairo after 2-year hiatus

A technical delegation from the Saudi Food and Drug Authority (SFDA) commenced a three-day visit to Egypt today, Sunday. The purpose of this visit is...

ElBatal establishes EGP 6 billion development arm
2024/11/23

ElBatal establishes EGP 6 billion development arm

ElBatal Group for Investment has established a new real estate development division, led by Chairman of the Board of Directors, Engineer Emad Dous. This division...