oil prices decline

  • IMF Retracts Saudi Arabia’s Economic Growth Forecast

    IMF Retracts Saudi Arabia’s Economic Growth Forecast

    Tuesday, 21st January 2020

    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.

  • Oil Minister: Egypt Witnesses Balance amid Oil Prices Decline

    Oil Minister: Egypt Witnesses Balance amid Oil Prices Decline

    Tuesday, 17th May 2016
    Tarek El Molla, Minister of Petroleum and Mineral Resources, said that Egypt is witnessing a state of balance with regard to dwindling global oil prices. Although this decline in oil prices may slow down the flow of foreign investments, a number of agreements for the development of gas fields were signed.