December 8, 2019
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economy

Saudi Arabia increases crude output to cover market demand
Analysis

Analysis: Reasons why Saudi Arabia keeps playing the market’s game

August 11, 2016 Mahmoud Eskaf

Saudi Arabia just made it much more likely that OPEC and other oil producers will take action if crude prices weaken. The word that the cartel will meet on the sidelines of an energy conference [ More … ]

Turkey Latest News

Russian experts list rewards Turkey ties

August 6, 2016 MEO Staff

– Russian press weighs up visit of economic minister’s visit in Turkey – As Russian Minister for Economic Development Alexey Yulukaev visits Turkey on Aug. 6, there are hopes that a number of factors will [ More … ]

Saudi Arabia Decreases Asian Oil Prices to Counter Rivals Exports
Saudi Arabia News

Saudi Arabia Decreases Asian Oil Prices to Counter Rivals Exports

August 5, 2016 Mahmoud Eskaf

Under pressure from Russian, Iraqi and Iranian oil exports, Saudi Arabia discounted its crude last weekend to maintain its share of big Asian markets. The price cut, which applies to September purchases, comes after two [ More … ]

Economy: Iran Expected To Approve New Oil Contracts This Week
Iran Latest News

Economy: Iran Expected To Approve New Oil Contracts This Week

August 2, 2016 Mahmoud Eskaf

It’s expected that Iran will approve a new model for oil contracts on Wednesday that should open the door for foreign investors to help the country reestablish its energy sector, Oil prices reported. Oil Minister [ More … ]

Economy: Saudi investors observe post-Brexit scenario
Saudi Arabia News

Economy: Saudi investors observe post-Brexit scenario

July 29, 2016 Mahmoud Eskaf

Saudi businessmen and investors are watching post-Brexit developments in Britain and Europe very closely with considerable interest and concern, a business dialogue at the Arab News office in Jeddah was told on Thursday. Welcoming senior [ More … ]

Egypt Latest News

Egypt in Final Stages of $12 Billion IMF Loan Talks: Bloomberg

July 27, 2016 MEO Staff

Egypt is “nearing the final stages” of its talks with the International Monetary Fund for a three-year loan program, the government said, as it looks to repair an economy damaged by years of political upheaval, [ More … ]

Turkey: State of Emergency will not Affect Gulf Investment
Saudi Arabia News

Turkey: State of Emergency will not Affect Gulf Investment

July 25, 2016 Mahmoud Eskaf

In light of the recent failed coup, Turkey’s government confirmed that foreign investment in the country remains unaffected. Gulf and Saudi investment in Turkey continues to flow undisturbed by the newly raised state of emergency. [ More … ]

Jordan Latest News

Jordan-EU ‘Relaxed’ Rules of Origin Deal Goes into Effect for 10 Years, 200,000 Jobs for Syrian Refugees

July 21, 2016 MEO Staff

At a press conference on Wednesday, Jordanian and European officials announced that the deal has entered into effect as of July 20 and will be valid until the end of 2026, adding that the agreement [ More … ]

Iran may return to bond markets after a 14-year break
Iran Latest News

Iran may return to bond markets after a 14-year break

July 20, 2016 Mahmoud Eskaf

Iran is exploring a return to international debt markets for the first time since 2002, a senior government official said, as the Islamic Republic seeks to finance an economic recovery a year after a historic [ More … ]

Turkey Latest News

Turkish capital controls ‘out of the question’

July 20, 2016 MEO Staff

– Deputy Prime Minister Mehmet Simsek says banking sector well capitalized Turkish capital controls “are out of the question”, the country’s deputy prime minister has said, according to Anadolu Agency. “I have two simple messages to [ More … ]

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Turkey Latest News

Turkey’s Current Account Deficit Falls 1/3 in May

July 14, 2016 MEO Staff

The 33 pct year-on-year fall reduces the deficit to $2.86B in May from $4.27B a year earlier    Turkey’s current account deficit was down by one-third in May, the Turkish Central Bank said Thursday, according to [ More … ]

Column

What is not included in Turkey’s agreement with Israel?

July 12, 2016 MEO Staff

  By: Yasin Aktay* Turkey’s new steps in its foreign policy, particularly those including Israel and Russia, provided important opportunities to see the scale and nature of Turkey’s weight in world politics. Turkey’s power in foreign [ More … ]

No Picture
Turkey Latest News

Normalization steps between Turkey and Russia – Economy

July 5, 2016 Mahmoud Eskaf

Steps taken towards the normalization of relations between Turkey and Russia have raised expectations in the Turkish textile and apparel sectors that commerce with Russia will speed up. Following Turkey’s shooting down a Russian fighter, [ More … ]

Column

Raising the Interest Rate and Egypt’s Floundering Economic Policy

July 3, 2016 MEO Staff

By: Abdel-Hafez El-Sawy* In mid-June 2016, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) made a decision for increasing the interest rates on deposits and loans by 1%. Accordingly, the interest [ More … ]

Qatargas signs 7.5 year deal for gas deliveries to Europe
Qatar Latest News

Qatargas signs a 7.5-year deal for gas deliveries to Europe

July 2, 2016 Mahmoud Eskaf

RWE, a German electric utilities company, has signed a seven and a half year deal with Qatargas for liquefied natural gas (LNG) deliveries into Europe, the German utilities company said on Saturday. Under the deal, financial [ More … ]

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