Saudi Aramco’s initial public offering (IPO) is forecasted to positively affect Egypt’s petrochemicals sector, Egyptian stock exchange expert Hanan Ramsis said.

Iran will offer 1 million barrels of oil destined for export on the stock exchange, possibly by as soon as next week, head of the state-run National Iranian Oil Company (NIOC) said.

Nigeria released a draft plan to overhaul state oil company Nigerian National Petroleum Corporation (NNPC) and eventually list it on the stock exchange in a bid to modernize and streamline the country’s oil and gas industry.

Kuwait approved a request from Kuwait Petroleum Corporation (KPC) to set a subsidiary under the name Kuwait Integrated Petrochemical Industries Company (KIPIC) with an estimated capital of about $5.94b

Global equity markets are waking up to a new $558 billion magnet pulling cash out of developing nations from Russia to Malaysia.