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...
U.S. delivers 8 Black Hawks to Jordan for its anti-ISIS battle
The United States has delivered eight refurbished Black Hawk helicopters to Jordan for the kingdom's battle against Islamic State extremists.
Jordan is part of a...
Saudi to ban foreigners from selling mobile phones, create jobs for citizens
In an effort to provide more jobs to Saudi Arabian citizens, the kingdom will ban foreign workers from selling and maintaining mobile phones and...
Saudi Arabia to allow full foreign ownership in retail
Saudi Arabia will ease restrictions on foreign investors to let them own 100 percent of retail and wholesale businesses, the government said on Sunday...
Egypt secures $5.2 billion IMF loan amid coronavirus fallout
CAIRO (AP) — The International Monetary Fund on Friday approved Egypt’s request for a $5.2 billion loan as the country’s economy reels from the...
Coronavirus outbreak could slow the global economy
Shares tumbled in Asia on Thursday as concern over the impact of the virus outbreak in China deepened.
Shares also retreated in India and Southeast...
Oil falls as hopes dim for output freeze
Oil prices fell Monday on renewed doubts that OPEC will engineer an output freeze amid the global oversupply, with Iran signaling it was not...
Fears of world food inflation due to Panic buying and lockdowns
A senior economist at United Nations' Food and Agriculture Organisation (FAO) and agricultural analysts stated that lockdowns and panic food buying could ignite world...
World disasters cost $71 billion in first half of 2016
From earthquakes in Japan to wildfires in Canada, disasters cost the world economy $71 billion (62 billion euros) in the first half of the...
Dutch Shell executive reduce flaring in Venezuela following Iraq reductions
Mounir Bouaziz, who left Shell last year and is now an independent business developer, said he began talks last October with Venezuelan state oil...
