Saudi Arabia is revising plans for a glitzy financial district in Riyadh and the creation of six industrial cities, after the projects were plagued by delays and a lack of enthusiasm among potential tenants and investors. The government's frank, public assessments of the projects suggest...

Islamic State oil man Abu Sayyaf was riding high a year ago. With little industry experience, he had built a network of traders and wholesalers of Syrian oil that at one point helped triple energy revenues for his terrorist bosses. His days carried challenges familiar to all oil...

(EQTSAD- Video)- The Syrian Pound came into being in onset of the French Mandate in 1919. During that time one Syrian Pound was equal 20 French Francs. Syria and Lebanon used this currency which was equal 100 penny until they were separated in 1939 After the Syrian independence from...

 Egypt will reduce spending on fuel subsidies by nearly 43 percent in the 2016/17 budget due mainly to lower global energy costs, officials said Saturday. Finance Minister Amr al-Garhy told a news conference state energy subsidies would fall to 35 billion Egyptian pounds ($3.94 billion)...