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 … ]
– 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 … ]
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 … ]
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 … ]
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 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 … ]
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 … ]
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 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 … ]
– 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 … ]
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 … ]
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 … ]
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 … ]
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 … ]
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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