Iran is looking towards private companies to export its oil as part of its strategy to counter US sanctions,...

The UK’s export credit agency, UK Export Finance (UKEF), announced its willingness to fund Egypt’s petrochemical projects, CEO Louis...

A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience....

More than half of Egypt’s net foreign direct investment (FDI) during the first nine months of FY 2017/18 was...

Kuwait started raising its oil output by 85,000 barrels per day (b/d) from July 1, in accordance with the...

The Egyptian cabinet signed contracts on June 30 with the Cairo-based Carbon Holdings to build a $10.9 billion petrochemical...

Egypt’s petroleum minister Tarek El Molla updated the World Bank’s senior vice president, Mahmoud Mohieldin, about Egypt’s economic situation...

Petrofac has secured a new contract and multiple contract extensions worth a combined $110 million, Pipeline Oil and Gas...

Qatar Petroleum will invest $20 billion over five years in US oil and gas fields, Bloomberg reported. Qatar will...

Minister of Electricity Mohamed Shaker will inaugurate a 580-megawatt (MW) wind farm this weekend, Al Ahram reported. Project manager...