Real estate ownership will be allowed in defined zones, initially in Riyadh and Jeddah; purchases in Makkah and Madinah will ...

Dubai Senior officials from Saudi Arabia, the United Arab Emirates and Kuwait have defended the August production boost of 548,000 barrels per day, stating that global markets are absorbing the extra ...

Influx of millionaires and robust SME activity also contributed to job growth in the Emirates, Cooper Fitch report says ...

The national plan seeks to move the country beyond its reliance on oil and into new industries: tourism, technology, and ...

The growing synergy between Jakarta and Riyadh reflects not only economic alignment but also a stronger convergence in navigating the evolving global order.

OPEC+ appears to be prioritizing market share over high prices, potentially targeting U.S. shale by testing how producers respond to lower price environments.

WTI crude oil (CLQ25) on Wednesday closed up +0.05 (+0.07%), and August RBOB gasoline (RBQ25) closed up +0.0029 (+0.13%). Crude oil and gasoline prices extended this week's rally and posted 2-week ...

Saudi Energy Minister Prince Abdulaziz bin Salman said that oil and gas will remain indispensable despite expansion of renewable energy. "While renewable, nuclear power, and hydrogen energy sources ...

Western and Eastern energy giants are competing for new Egyptian gas exploration blocks. As Egypt opens 12 key Mediterranean ...

Oil giant Saudi Aramco is in talks with Commonwealth LNG to buy liquefied natural gas from the U.S. company's proposed ...

Output increases from oil producer group OPEC+ are not leading to higher inventories, showing that markets are thirsty for ...

Saudi Arabia will permit non-Saudis to purchase real estate in specified zones, including Riyadh and Jeddah, starting January ...