The Minister of Petroleum and Mineral Resources, Tarek El Molla, has highlighted the significant achievements of the petroleum sector during the period from March up till now despite coronavirus and its consequences, ...
The international Monetary Fund (IMF) has lowered its forecast for Saudi Arabia’s economic growth to 1.9%, retracting its initial anticipation on the kingdom’s economic growth to increase by 2.2% in 2020, accord...
Egyptian Minister of Petroleum, Tarek El Molla, met with members of the Middle East Institute during his visit to the US to attend the CERAWeek, Egypt Oil & Gas reports. The meeting was attended by head of US oil ...
The Gulf Cooperation Council (GCC) and Africa will experience higher economic growth in 2019, Moody’s Investors Service said in its new report, according to Argaam. “Steady oil prices would strengthen lenders in the G...
Egypt’s gross domestic product (GDP) will reach 5.2% during 2018, up from 4.2% in 2017, according to new IMF projections. The IMF’s May 2018 Regional Economic Outlook report also forecasts the Egyptian eco...
The International Monetary Fund (IMF) raised its 2016 growth forecast for the Middle East and North Africa after a rebound in oil prices, informed World News Report. Along with Afghanistan and Pakistan, the MENA regio...
Angola’s Finance Ministry has halved its economic growth forecast for this year and decreased government’s expenditure amid the fall of oil prices which affected the state revenues, Reuters reported. This ...
Lower oil prices will reduce growth in sub-Saharan Africa’s major petroleum producing countries and push governments to implement significant policy adjustments, the International Monetary Fund said on Tuesday. ...