March 5, 2013
Iraq will receive deliveries of attack helicopters and air defense systems from Russia before the start of summer, the Iraqi foreign minister said Monday.
Tourists from the Persian state will be allowed to visit Egypt after diplomatic breakthrough.
The deal will see crude oil pipelines built between the countries.
Oil and gas industry experts were bullish about this year's prospects at the Bahrain Capital Club
Egypt’s largest listed company, Orascom Construction Industries (OCI), is denying allegations that it evaded government tax.
China has overtaken the US as the world's largest net importer of oil, a report has said.
Libyan gas exports resumed to Italy after a brief stop on Saturday, as a result of armed dispute around the Mellitah complex on the western Libyan coast.
Retail sales in Lebanon fell by 12 per cent in 2012 due to the political stalemate and ramifications of the Syrian crisis, the Beirut Traders Association-Fransabank Retail Index showed Monday.
Egypt's net foreign reserves fell by $105 million in February to $13.508 billion, the Central Bank of Egypt (CBE) stated on Monday.
March 4, 2013
Hundreds of protesters broke into Iraq's giant southern West Qurna-2 oilfield, early on Monday, sources from the field, police and the state-run Southern Oil Co. said.
A new pipeline that bypasses the key oil trading route of the Strait of Hormuz is still operating at a limited capacity, according to sources.
The government will not raise the prices of subsidised fuel even when rationing 'smart cards' are introduced, Osama Kamal, minister of petroleum told state-owned MENA news agency.
Oman is planning on increasing oil production to 940,000 barrels per day day as domestic demand increase in the Sultanate.
The United States announced on Sunday that it would begin to release economic assistance packages to the Egyptian government.
Royal Jordanian is diverting flights from Amman to Beirut away from Syrian airspace, as part of the airlines “commitment to the safety of its passengers and security of its operations".