Thursday 26 Dec

Saudi Arabia

TMG surpasses EGP half a trillion in 2024 sales
2024/12/23

TMG surpasses EGP half a trillion in 2024 sales

Talaat Moustafa Group (TMG) has successfully achieved a record-breaking sales performance in the fiscal year 2024, surpassing half a trillion Egyptian pounds (approximately 10 billion...

Joint Egypt-Saudi Arabia talks on energy collaboration
2024/12/22

Joint Egypt-Saudi Arabia talks on energy collaboration

Minister of Petroleum and Mineral Resources, Engineer Karim Badawy, met with officials from the Saudi Al-Qahtani Group to explore potential avenues for cooperation and investment...

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...

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...