Damietta Port moves 5,276 tons through Egypt-Italy Ro-Ro transit line
Egypt's Damietta Port handled about 5,276 tons of cargo through an indirect transit service linking Italy with Gulf…
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Kuwait
OPEC+ agrees 188k bpd output adjustment, reaffirms market stability
OPEC+ countries Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman agreed on 3 May 2026 to adjust…
IMF sees Kuwait economy contracting 0.6% in 2026
Kuwait’s economy is expected to contract in 2026 before returning to growth in 2027, as regional conflict disrupts…
Oil prices surge on Thursday
Oil prices surged on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns about…
Oil prices rise over 15% on Monday
Oil prices rose more than 15 per cent on Monday to their highest levels since mid 2022 as supply cuts by major…
Egyptian Drilling Company wins first Kuwaiti contract with KOC
The Egyptian Drilling Company (EDC) secured a landmark contract in Kuwait to operate a 1,500-horsepower drilling…
Egypt wins 2 OAPEC scientific research awards
Egypt won two Scientific Research Awards for 2024 at the 115th Ministerial Meeting of the Organisation of Arab…
Kuwait c. bank cuts rates by 25 basis points
The Central Bank of Kuwait (CBK) on Wednesday cut the discount rate by 25 basis points to 3.50 per cent, effective…
OPEC+ to cut output by 137k bpd in December
The Organisation of the Petroleum Exporting Countries (OPEC+) decided to implement a production adjustment of 137…
Kuwait cuts discount rate by 25 bps
Kuwait’s Central Bank cut the discount rate by 25 basis points to 3.75 per cent, effective Thursday, in response to…