Leading News Source For Middle East
King Mohammed VI, who started Sunday a historic visit to Tanzania within the frame of a tour in East Africa, had Monday in Dar es Salaam, a private meeting with President John Pombe Magufuli. The two African leaders co-chaired, the Read more
Data released by the Saudi Arabian Monetary Agency showed that the kingdom’s foreign assets dropped by 1.1% in April highlighting that Riyadh is struggling with its finances as it is the 15th consecutive month that foreign assets are dwindling. The Read more
A cabinet reshuffle by King Salman has led to the merging of several ministries in the oil rich kingdom and the new arrival of new ministers; the most noticeable being the appointment of a new oil minister, in the person Read more
Governor Mohamed Laksaci of the Bank of Algeria, the country’s central bank, during the presentation of the financial and economic situation of the first ten months of 2015 announced plans to revive the refinancing of banks by next month with Read more
The ruler of Qatar Sheikh Tamim Bin Hamad Al Thani stressed that the collapse of oil and gas prices that has been going on for more than a year calls for a reduced dependency on the state, announcing that strict Read more
The tunisian industry ministry has said it is planning to invest $ 1.7 billion to boost hydrocarbons output in 2012. The move, which also includes exploration drilling in 24 new oil sites, is destined to enable the North African country Read more