Oil prices rose today, Friday, amid signs of easing inflationary pressures in the United States of America, the world’s largest oil consumer, but are still heading for a weekly decline.

Brent crude futures rose 33 cents, or 0.4 percent, to $85.73 a b…

Oil prices fell during the end of trading, on Thursday, despite the weakness of the dollar after the disclosure of key US inflation data.

The dollar suffered sharp losses this week, with the focus largely shifting towards the upcoming inflation data …

Britain posted a sharp drop in its overall trade deficit in May by some USD 2.96 billion, lowering the figure down to nearly USD 21 billion, government data showed on Thursday.

Britain’s exports had risen in April to some USD 38.1 billion, while impo…

Kuwait’s Minister of Electricity, Water and Renewable Energy and Minister of State for Housing Dr. Mahmoud Bushehri highlighted Kuwait’s investments in renewable and clean energy to raise its percentage of the total produced energy to 30 percent in th…

Japan and Arab ministers agreed, Thursday, to enhance their cooperation in various areas to benefit the development of all parties involved, said the the fifth Japan-Arab Economic Forum.

The fields of interest included industrial development, energy …

Prime Minister Moustafa Madbouli reviewed a report by Environment Minister Yasmine Fouad on the recommendations included in a report prepared by the World Bank analyzing the regional environment in Egypt.

He also reviewed recommendations of a report …

H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development, and International Cooperation: “We aim to build a competitive national economy to attract investment, implement structural reforms and enhance macroeconomic stability.”

H.E. Dr….