February 19, 2015
The oil sector is restructuring after the collapse of oil prices and opportunities may emerge for larger players wishing to snap up distressed companies.
The participants at the second Global Restaurant Investment Forum today believe there may be room for more. Has the market not become rather saturated?
The rise of the Islamic State (IS) in Iraq and Syria presents a major challenge for the investment necessary to prevent an oil shortage in the next decade.
Paris hopes the 5.2 billion euro ($5.9 billion) deal for 24 Rafale fighters to be delivered later this year -- which comes as Cairo launched air strikes against jihadists in Libya.
February 18, 2015
Egypt and Jordan yesterday announced that they planned to sign memoranda of understanding to import gas from other countries.
From a small two-room office in Al-Rimal neighborhood in Gaza, Lozon and his partner Ahmed Abu Shaban co-founded Unit One as a self-funded software development startup in 2005.
Israelis with relatively "small" bank accounts in Switzerland are reportedly emptying them out and bringing the money to Israel in cash, usually through Ben Gurion airport.
February 17, 2015
Despite falling oil prices, wealthy GCC investors’ appetite for global investments strategies has increased after a difficult 2013 and 2014.
February 16, 2015
Concerns are growing over the health of the Turkish economy, long seen as a star performer among emerging markets, partly due to unorthodox statements by President Recep Tayyip Erdogan on economic policy.
After increasingly strained relations with the US, Egypt is now seeking to diversify its sources of weaponry, Egyptian military experts told Daily News Egypt on Sunday.
Russia is among the largest newsmakers in the world’s political and economic arena. Yet, in the world of Islamic finance, it still lags behind the rapidly developing industry.
More than four years later, Egyptian officials are negotiating a reversal of the gas deal through the very same pipeline that exported the gas to Israel.
February 15, 2015
The United States and five of its European allies on Saturday warned that Libya could face bankruptcy if its oil output and prices on international markets continue to fall.
The world's three big energy agencies are forecasting higher demand for Opec's crude oil this year, a sign the producing nations' strategy to let prices fall is starting to win them back market share from rivals who are cutting output.
February 12, 2015
Concerned about the current decline in prices of crude oil in the global market, South Sudan is turning to mining sector to reduce dependency on oil resources.