Kuwait signs $2.8 billion military and provisional deals with France
Kuwait signed 2.5 billion euros ($2.8 bn) worth of military fixed and provisional deals led by the purchase of 24 Airbus-built Caracal helicopters, the...
New Saudi energy minister shows he takes OPEC seriously
For OPEC watchers, every little detail matters.
When the oil producer group holds its half-yearly meetings, what time the ministers arrive in Vienna, how they...
Eastern Libya ships first oil cargo in defiance of Tripoli
A government based in eastern Libya has shipped its first cargo of crude in defiance of authorities in the capital Tripoli, a bold move...
US Solar Technology Firm Successfully Partners With Saudi Arabian Investor
Solexel, a leading US-based producer of high-performance solar PV technology, has successfully finalised a round of financing that included Riyadh Valley Company, the venture...
Egypt hikes natural gas prices by up to 75 percent
In a story July 21 about the increase in Egypt's natural gas prices, The Associated Press erroneously reported the price increases. Gas consumption of...
Oil prices rebound along with stocks
Oil prices rose Tuesday, benefitting from the same bounce that lifted equity markets which had been sagging since Britain's surprise decision to leave the...
Lebanon faces economic ‘catastrophe’ according to the new Prime Minister
Debt-ridden Lebanon faces an economic "catastrophe", Prime Minister Hassan Diab said on Wednesday as his newly unveiled cabinet met for the first time.
The U.S....
Investors seek safety in bonds, yen after Turkey downs Russian jet
Investors sought safety in low-risk government debt on Tuesday after Turkish jets shot down a Russian warplane near the Syrian border, while European tourism-linked...
IMF cuts global growth outlook again, warns of political risks
The International Monetary Fund warned on Tuesday of the risk of political isolationism, notably Britain's possible exit from the European Union, and the risk...
Oil falls to 11-year low, Saudi-Iran row seen making output restraint unlikely
Oil fell to its lowest in more than 11 years on Wednesday, down around 2 percent, as the row between Saudi Arabia and Iran...
