Cairo, The Gulf of Suez Petroleum Company (GUPCO) is planning to drill five new wells in North Safa and Al Wasl oil fields in the Gulf of Suez to develop oil reserves that exceed 100 million barrels and increase oil production to 15,000 barrels per da…
China’s major state-owned commercial banks announced on Thursday reductions in deposit interest rates.
The one-year fixed-term deposit interest rate was cut by 10 basis points to 1.35 percent, according to the official deposit interest rates released…
Manama, Bahrain All Share Index has closed at 1,975.11 points, marking a decrease of 3.15 points below the previous closing.
This decrease was due to the drop in the financial and industrial sectors.
Bahrain Islamic Index closed at 823.30 points, ma…
South Korea’s economy retreated in the second quarter of the year as weaker domestic demand clouded recovery prospects despite robust exports, South Korean central bank data showed Thursday.
The country’s real gross domestic product, a key measure of…
The Ministry of Finance signed today, Thursday, an amendment to the agreement to extend financing loans granted by the German Development Bank (KFW) for a number of development projects, where the amendment was signed between the Minister of Finance, …
Doha: Oil prices rose at settlement for the third consecutive session today, influenced by developments in the Middle East. Brent crude futures rose $3.56, or 3.42 percent, to settle at $107.77 a barrel. US West Texas Intermediate crude futures climbe…
Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani inaugurated this afternoon, Thursday, the first phase of the associated water injection project with a capacity of 300 thousand barrels per day in the northern Rumaila fiel…
Doha: The Ministry of Finance, represented by the General Budget Department, in cooperation with Qatar University, organized the second phase of the ‘Transition to Program and Performance Budget’ workshops, dedicated to governmental and semi-governmen…
Syrian sources announced that the sound of explosions in Deir Ezzor is caused by US artillery shelling of the Conoco gas field towards the positions of militants in the area.
Source: National Iraqi News Agency