February 4, 2015
Iran is sidestepping Western sanctions and managing to sell hundreds of thousands of tonnes of fuel oil every month through companies based in the United Arab Emirates.
In the long list of international billionaires and millionaires, Egypt has scored several times.
Life is difficult if there are no jobs, the cost of living is rising and loans are hard to come by.
February 3, 2015
Bahrain might've dodged the Arab Spring bullet, but it really needs to get its economic affairs together
The divided public in Bahrain will eventually demand collective reforms, either when they realize that royal handouts are untenable or when they no longer believe that their monarchy is legitimate.
While low oil prices are a challenge for oil exporting countries, it is also an opportunity for stable GCC countries to implement deep structural reforms and move towards becoming more mature and diversified economies, say experts.
Euro-commodity brokers earned a large share of meticulously watched endeavours to source Egypt with approximately $2bn worth of liquefied natural gas [LNG] as they exert great efforts to develop into a sector.
February 2, 2015
The global economy never fully recovered from the financial crisis.
According to its most recent report, entitled, “Plunging Oil Prices,” the World Bank expects lower oil prices to benefit Lebanon’s economy.
Billboards still read "Welcome to Arbil, 2014 Arab Tourism Capital," but most of the visitors Iraq's Kurdistan region welcomed last year were people made homeless by a jihadist offensive.
It's time to forget the stellar 40 per cent returns witnessed in 2014.
February 1, 2015
After all, 79-year-old Naimi has seen at least three price crashes during his two decades as oil minister.
As a net oil importer, Jordan’s widening trade deficit in the first nine months of 2014 was anticipated to decelerate in the last quarter of the year on account of lower oil prices.
A lavish payout to public employees ordered by Saudi Arabia’s new King Salman will help to sustain the kingdom’s consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices.
2014 was the deadliest year for commercial airlines in almost a decade.
January 30, 2015
First it was the US and shale, but now, Saudi Arabia's toughest oil contender is emerging right next door
“This price war is not just between Saudi Arabia and the U.S., it’s also intra-OPEC,” said Seth Kleinman,