IMF cuts Saudi growth outlook to 3.1% in 2026 on regional conflict spillovers
Saudi Arabia’s economic growth is expected to slow in 2026 before rebounding in 2027, as regional conflict disrupts…
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Saudi Arabia
Oil prices surge on Thursday
Oil prices surged on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns about…
Gulf stocks soar on US-Iran ceasefire deal
Gulf stock markets surged on Wednesday as global equities rallied after US President Donald Trump agreed to a…
Oil prices extend gains on Tuesday
Oil prices extended gains on Tuesday as escalating tensions between the United States and Iran raised concerns over…
Egypt confirms continued exports to Gulf amid Strait of Hormuz disruption
Egypt’s Ministry of Investment and Foreign Trade confirmed that no government decision has been issued to suspend…
Oil drops sharply from three-year high as Trump hints at potential peace deal
Oil prices fell sharply on Tuesday after hitting a three-year high in the previous session, as US President Donald…
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…
Oil prices edge higher on Thursday
Oil prices inched up on Thursday as markets weighed whether ongoing US-Iran negotiations could prevent a military…
Modern Gas signs SAR 24m Saudi gas network deal
The Egyptian Natural Gas Company Modern Gas signed a SAR 24 million agreement with Talaat Moustafa Group to execute…
Egypt’s Suez Canal Authority, Saudi Ports Authority explore expanded maritime…
Egypt’s Suez Canal Authority (SCA), headed by Osama Rabie, met on Sunday with Suliman bin Khalid Al-Mazroua,…