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Oil and gas
Energy
Saudi Arabia’s ADES Holding inks two agreements for oil exploration and production in Egypt’s Gulf of Suez
For FY 2023/2024, Egypt has raised its projected total investments in oil and natural gas to $5.79 billion
Markets
Oil prices slide for second consecutive day as U.S. stockpiles surge
Market concerns rise as major producers hold output policy steady
Sustainability
62 percent executives expect world to reach net zero by 2060 or later: Report
Survey highlights key themes driving strategic decision-making across the industry
Egypt
Egypt implements fuel price increases as part of IMF agreement
The country is taking steps to align fuel prices with international markets
Energy
Oil demand will reach a record 104 million barrels per day in 2024: Aramco CEO
Nasser emphasizes the effectiveness of carbon capture in mitigating greenhouse gasses
Markets
Oil prices hold near four-and-a-half month high on reduced exports, market caution
Surging prices fueled by refinery activity, China demand, and Middle East disruptions
Markets
Oil prices extend gains ahead of anticipated Fed meeting, rising supply risks
The recent attacks on refineries added a risk premium of $2-$3 per barrel to crude prices
Markets
Oil maintains near four-month highs on decreased gasoline inventories, fuel refinery attacks
Surprising drop in U.S. oil and gasoline inventories points to increased demand from top fuel consumer
Industry
Saudi Arabia’s industrial production index up 0.3 percent in January on mining and quarrying
Manufacturing activities in the Kingdom rose by 1.1 percent in January 2024
Markets
Saudi Arabia’s Aramco plans bond issuance in 2024
Aramco will now be able to capitalize on recent declines in global interest rates
Energy
ADNOC Drilling reports revenues of over $3 billion in 2023
Company outlines ambitious growth plans for 2024 and beyond
Economy
Public expenditure in Arab countries sees 9.8 percent surge in 2022
AMF's Joint Arab Economic Report highlights key trends and challenges
Energy
Dragon Oil to drill first well in Turkmenistan’s Block 19 in December
Government-owned company expands investments in the oil sector
Energy
Crude exports surge in Saudi Arabia, reaching five-month high
Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd
Economy
Inflation in Kuwait reaches 3.37 percent in December 2023
The Consumer Price Index in Kuwait rose by 3.37 percent
Markets
Oil prices rise as OPEC forecasts strong global demand and weather disrupts U.S. production
OPEC maintains 2.25 mn bpd demand growth forecast
Economy
Non-oil sector drives the UAE’s 3.7 percent economic growth
Boosted by its own 5.9 percent growth in the first six months of the year
Markets
UAE petrol prices 40 percent cheaper than the global average
Fuel Price Committee's decision relieves UAE drivers as fuel costs hit four-month low
Industry
Saudi industrial sector’s success increased GDP by SAR340 billion
Industrial establishments up by 50 percent since the launch of Vision 2030
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