Tuesday, April 24, 2018

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War leaves Yemenis struggling to buy fuel to cook

Long queues of men line the streets of Yemen's rebel-held capital Sanaa waiting alongside empty propane gas canisters they are desperate to replace so...

Lebanese dollar reserves recover from last year’s crisis

The Lebanese central bank's dollar reserves grew in early 2018, recovering from a decline during a political crisis last year that pushed up interest...

Saudi crown prince discusses economy on Egypt trip

Saudi Crown Prince Mohammed bin Salman continued a visit to Egypt on Monday focused on economic cooperation, with Riyadh agreeing a $10 billion investment...

Lebanon govt likely to approve budget by mid-March-finance minister

Lebanon's 2018 budget will likely be approved by cabinet before mid-March, its finance minister said on Thursday, as the heavily indebted country seeks to...

Abu Dhabi awards Japan’s INPEX stake in oil concession

Abu Dhabi's state energy company ADNOC said Monday it had awarded Japan's INPEX a 10 percent stake in an offshore oil concession, in a...

Iran central bank takes steps to shore up rial

Iran's central bank on Thursday announced a hike in deposit rates in a bid to shore up the value of the rial, after police...

Iraq, U.S. Exim Bank to sign $3 billion agreement

The U.S. Exim Bank plans to extend Iraq a $3 billion credit line to help rebuild the country after the war with Islamic State,...

Iraq asks BP to study developing Kirkuk oilfields

Iraq has asked British energy giant BP to draft a study on boosting production in all the oilfields of northern Kirkuk province, Oil Minister...

Abu Dhabi financial regulator may create framework for virtual currencies

The regulator of Abu Dhabi's international financial centre said it could create rules for exchanges handling virtual currencies, in a sign that authorities in...

Arab Bank pleased court rejects jury’s verdict on attacks

Jordan-based Arab Bank say it's thankful a New York court ruling brings to a close a civil case American victims of suicide bombings had...

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