Oil prices fell on Wednesday after a report showed an unexpected rise in US crude inventories, while concerns about a possible widening conflict in the Middle East on production eased slightly.

Brent crude futures fell 41 cents, or 0.5 %, to $80.28 a…

The Ministry of Oil signed, today, Wednesday, with initials 13 contracts with the winning companies to develop fields and exploration patches within the fifth and sixth supplementary licensing rounds.

Deputy Prime Minister for Energy Affairs, Ministe…

Jeddah, The Islamic Development Bank (IsDB) financed several energy projects in Egypt, leading to a 14% increase in energy production between 2012 and 2022, representing 94% of Egypt’s energy capacity.

The IsDB also facilitated the addition of nearly…

Jeddah, The Islamic Development Bank (IsDB) extended financing worth $84.8 million to the National Office of Electricity and Drinking Water (ONEE) today in the Kingdom of Morocco. The funding will support the Moroccan government’s efforts to improve a…

Riyadh, The Roads General Authority has started trial for an asphalt recycling machine, as part of the authority’s endeavor to adopt the latest technologies in the road sector and encourage innovation.

The authority said that through the full depth r…

Riyadh, The Ministry of Industry and Mineral Resources, in collaboration with the Ministry of Investment, organized a webinar for Canadian and Australian companies, introducing the investment opportunities in the Saudi mining sector, enablers and ince…

Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar discussed on Wednesday 14/8/2024 with the vice president of Huawei Global and his accompanying delegation ways of boosting fruitful cooperation between the two sides in d…