Critical health facilities across Africa risk being overwhelmed by surging COVID-19 infections, the UN health agency said on Thursday.
The appeal to the continent's authorities to boost lifesaving facilities comes as the World Health Organization (...)
The price of OPEC basket of thirteen crudes stood at $67.32 a barrel on Thursday, 27th May, compared to $67.47 the previous day, according to OPEC Secretariat calculations, WAM reported.
The OPEC Reference Basket (ORB) is made up of the following (...)
The Russian Direct Investment Fund (RDIF — Russia's sovereign wealth fund) announced that the Ministry of Health of the Republic of Turkey has registered the Russian Sputnik V vaccine against coronavirus in the country.
The vaccine has been (...)
The United Kingdom has added India to its updated travel "red list" to protect the country against a new variant of coronavirus (COVID-19) and against other existing variants, UK Health Secretary Matt Hancock said on Monday.
As part of the move, (...)
Businessman Yusuff Ali M.A, chairman of Lulu Group, donated 1 million dirhams to provide one million meals to the region's largest food drive that aims to provide food parcels to disadvantaged families and individuals across 20 countries in the (...)
JEDDAH — The United Kingdom on Friday added Bangladesh, Kenya, Pakistan, and the Philippines to its travel "red list" as travelers from Saudi Arabia continue to have unrestricted entry into the country.
The updated "red list," which will come into (...)
Acute hunger is set to soar in over 20 countries in the coming months without urgent and scaled-up assistance, warn the UN's Food and Agriculture Organization (FAO) and World Food Program (WFP) in a new report issued Tuesday.
Yemen, South Sudan and (...)
The saying has it that in every crisis there is opportunity, and the oil industry is no exception, with efficiencies and targeted investments being the prime focus areas during and in the aftermath of a downturn.
Very few stones remain unturned in (...)
Drilling of high-impact oil and gas prospects in 2020 suffered at the hands of the global pandemic, but the overall results were nevertheless positive, a Rystad Energy analysis reveals.
The success rate rose to 41% from 32% in 2019 and pushed (...)
Energy Minister Prince Abdulaziz Bin Salman, chairman of the OPEC and non-OPEC Ministerial Meeting, called for a continuation of the collaborative efforts that absorbed the shocks of 2020 at the 13th OPEC and non-OPEC Ministerial Meeting on (...)
DP World, a leading global provider of smart logistics solutions, has been selected as the preferred bidder to enter into discussions with the government of Angola for a 20-year concession and operation of the Multipurpose Terminal (MPT) at the Port (...)
The end of this year is set to make 2020 the year with the fewest concluded licensing rounds of the 21st century, a Rystad Energy analysis shows, as only 43 rounds have been completed so far, with very little upside potential left.
Awarded acreage (...)
Oil prices are largely stable on Wednesday as the market avoids leaning heavily on positive vaccine news, waiting for the next day's crucial OPEC+ meeting instead.
The price of OPEC basket of 13 crudes stood at $46.72 a barrel on Tuesday, compared (...)
Minister of Finance Mohammed bin Abdullah Al-Jadaan confirmed that the G20 summit final communique has gained the consensus of all leaders of the member states of the group, culminating the Kingdom of Saudi Arabia's presidency as well as the (...)
Minister of Finance Mohammed bin Abdullah Al-Jadaan confirmed that the G20 summit final communique has gained the consensus of all leaders of the member states of the group, culminating the Kingdom of Saudi Arabia's presidency as well as the (...)
Minister of Finance Mohammed bin Abdullah Al-Jadaan confirmed that the G20 summit final communique has gained the consensus of all leaders of the member states of the group, culminating the Kingdom of Saudi Arabia's presidency as well as the (...)
Minister of Finance Mohammed bin Abdullah Al-Jadaan confirmed that the G20 summit final communique has gained the consensus of all leaders of the member states of the group, culminating the Kingdom of Saudi Arabia's presidency as well as the (...)
Oil prices rose as the market welcomes US stock draws and puts hope on OPEC+, amid excitement for the US election.
This Wednesday is a day when oil prices carry risk and can show volatility.
Prices have continued Tuesday's rally and they are up on a (...)
Even as they confront the COVID-19 pandemic, countries in Africa's Great Lakes Region continue to improve political, security and economic cooperation in line with a 2013 Framework agreement, UN Special Envoy Huang Xia told the Security Council on (...)
Germany's Marshall Plan with Africa marks a new era of cooperation between Europe and Africa that could drive industrial development and deliver huge opportunities for the Africa's fast-growing youth population, according to speakers at the (...)
General António Guterres will deliver a keynote address at the opening ceremony of the Virtual Summit of the Global Manufacturing and Industrialization Summit (#GMIS2020), which is scheduled to take place on Sept. 4-5.
The summit will also convene (...)
Dubai Chamber of Commerce and Industry recorded a 20% month-on-month (m-o-m) increase in the value of member companies' exports to Africa in June 2020, which reached AED2.94 billion ($800 million).
The value of exports and re-exports to Africa, (...)
The price of OPEC basket of 13 crudes stood at US$45.19 a barrel on Wednesday, 19th August 2020, compared with $45.49 the previous day, according to OPEC Secretariat calculations, Emirates News Agency (WAM) reported.
The OPEC Reference Basket of (...)
Angola's oil output averaged 1.38 million barrels per day (bpd) last year and was forecast to reach 1.4 million bpd in 2020. Despite its robust level, the country has long realized that its existing production is on track for years of consecutive (...)
The coronavirus pandemic is set to result in a near-doubling in external funding needs over 2020-2021 for rated high-yield sovereigns in the Middle East and Africa (MEA), says Fitch Ratings. This will largely reflect the impact of a widening of (...)
