Saudi Arabia Achieves 27M Foreign, 77M Domestic Tourists Targets in 2023 Saudi Arabia has surpassed its 2030 tourism goals with record-breaking figures for 2023. According to the latest data, the Kingdom successfully welcomed 27 million foreign visitors and 77 million domestic tourists last year, exceeding...

Nigeria Oil Output Drops 6.8% to 1.23 mbpd as Libya Emerges Africa's Highest Producer Libya has emerged as the highest crude oil producer in Africa following the drop of Nigeria’s output by 6.8 per cent to 1.23 million barrels per day in March 2024, from...

Oil Demand to Grow by 2.2 million Barrel Daily – OPEC The Organisation of Petroleum Exporting Countries (OPEC+) has further extended its oil production cuts this month, with a target to push oil price to $100 a barrel. The decision was anything but unexpected and, unlike...

Nigeria, Ethiopia, Others Record Fastest Rise In Food Inflation – World Bank Nigeria, Ethiopia, Malawi, Sierra Leone, and Zimbabwe are the sub-Saharan African (SSA) countries that recorded the fastest rise in food inflation in February this year, according to a new report by the World...

Crude Oil Price Hits $91 per Barrel  Brent Crude price has surpassed the $90 per barrel threshold and surged past the $91 per barrel mark as of Sunday. Global crude oil prices reported a second straight weekly gain and hit six-month high levels as markets watched...

Production Quota Unchanged as Crude Oil Prices Near $90 per Barrel – OPEC+ The Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries (OPEC) and its allies led by the Russian Federation has decided to keep oil production quota unchanged until its...