World Bank: wars and cheap oil hurting Middle East growth
The World Bank said on Thursday that 2015 economic growth in the Middle East and North Africa likely came to just 2.6 percent, falling...
2-7% increase in retirement pensions – Algeria
Algeria, the OPEC member's public finances have come under pressure after a sharp fall in global crude oil prices caused energy earnings, the main...
IEA: Oil price unlikely to rise much further
The price of oil is unlikely to rise much further after rallying almost 90 percent since January, as the global market shows signs of...
Oil exports suspended from Libya oil terminal
Libya's National Oil Corp announced Thursday it had imposed a state of "force majeure" on one of the country's main oil terminals after exports...
Libya oil company: Russian mercenaries enter major oilfield
CAIRO (AP) — Russian and other foreign mercenaries have entered Libya’s largest oil field, the country's National Oil Corporation said on Friday, describing the...
Foreign governments press Saudi Arabia on workers' delayed wages
Foreign governments are pressing authorities and executives in Saudi Arabia to ensure that local construction firms make delayed salary payments to thousands of workers,...
Qatar fund sells 10% stake in Hochtief for 540M euros
Qatar's sovereign wealth fund says it has sold off its roughly 10 percent stake in German construction firm Hochtief for about 540 million euros...
Saudi-Iran tensions disrupt oil freeze deal
A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite...
International Energy Agency sees low oil prices until 2020
The International Energy Agency says oil prices are likely to remain low over the next five years because of plentiful supply and falling demand...
Could UAE solar push lead a trend for the Gulf?
As the Gulf states take steps to expand their use of clean energy, a bold plan by the United Arab Emirates to boost its...
