Saudi Finance Minister Ibrahim Al-Assaf, pictured March 22 in Riyadh, says Saudi Arabia is ‘now… Saudi Arabia plans to sell bonds for the first time to international investors as the Continue Reading
Saudi Arabia is considering imposing income tax on foreign residents, Ibrahim al-Assaf, the finance minister said, as the cash-strapped kingdom seeks to raise non-oil revenues and cut spending to fund Continue Reading
As oil marketing and trading companies hiked the price of diesel, citing the current scarcity of foreign exchange, concern has been raised on the long term sustainability of the new Continue Reading
Pipeline Burning Nigeria After a string of attacks on Nigeria’s oil infrastructure, its government plans to open talks with the newly formed militant group, the Niger Delta Avengers (NDA). As Continue Reading
With an oil sector under militant threat, the Nigerian government said it would develop strategies to improve its business climate to the benefit of the people. A militant group in Continue Reading
Isabel dos Santos — the richest woman in Africa, the Angolan president’s daughter and now the CEO of the country’s state-run oil giant — on Monday said she plans to Continue Reading
Royal Dutch Shell Plc said it won’t attempt to repair a key pipeline in Nigeria for now after militants attacked it a second time last week, the latest sign of Continue Reading
Angolan state-owned oil company Sonangol said a report about a $50 billion shortfall in its accounts is “absolutely false.” Angolan newspaper Valor Economico reported on Monday that international consultants hired Continue Reading
Nigeria will reduce military presence in the southern Niger River delta as the government works with regional governors to end attacks on oil installations, according to a presidency statement. A Continue Reading
Announcement may come within a month, officials tell investors Nigerian officials said they are still working out the details of a new currency policy and may make an announcement within Continue Reading
