Dhahran, Aramco issued a press release today informing that it had signed a definitive agreement to acquire from Sumitomo Chemical an additional stake of approximately 22.5%, worth $702 million, in Rabigh Refining and Petrochemical Co. (Petro Rabigh),…

Baghdad, Oil prices declined in volatile trading, today, Tuesday, as concerns about declining demand after a global selling wave yesterday, Monday, overcame fears of an escalation of the conflict in the Middle East and a decline in Libyan oil producti…

The Central Bank of Iraq announced today, Monday, that its governor chaired a meeting of the supervisory committee on the restructuring process of Rafidain Bank.

The CBI stated in a statement that “the supervisory committee on the restructuring proce…

Basra Heavy and Medium crude prices rose slightly on Monday, with global oil prices stabilizing.

Basra Heavy crude increased by 8 cents to $75.84 per barrel, while Basra Medium crude rose by the same amount to $78.96 per barrel.

This slight rise in …

Minister of Finance, Ahmed Kochock, detailed the successful implementation of the Egyptian export support initiative across six phases spanning 2019 to 2023.

During this period, over 2351 companies reaped the benefits of the program, receiving a coll…

Prime Minister Mostafa Madbouli has issued on Monday 5/8/2024 directives for forming a central committee in each governorate, including representatives of the ministries of finance, interior and social solidarity, as well as the Administrative Control…

Egypt is considering allocating 43 plots of land for new industrial zones.

This came during a Sunday meeting between Nasser Fawzi, Director of the National Center for Planning State Land Use, and Mohamed El-Sewedy, President of the Federation of Egyp…