Low oil prices put strains on Gulf currency pegs

Weak oil prices pose a threat to Gulf Arab states' currency pegs against the dollar, but the energy-rich region is unlikely to abandon the...

Jordan-Israel Red Sea to Dead Sea Canal

A canal connecting the Red Sea to the Dead Sea will rehabilitate the shrinking Dead Sea and supply drinking water to the people of...

Commercial terms call into question China’s win-win Belt and Road initiative

In a rare challenging of Chinese commercial terms that underlie the country’s ambitious Belt and Road initiative, Pakistan and Nepal have withdrawn from two...

Syrian government revives dozens of underground gas wells

The recent discovery of natural gas reserves in the Homs Desert has paved the way for the Syrian government to revive dozens of unused gas wells as...

$4 billion Saudi investment into Egypt?

A Saudi businessman is in talks with Egyptian authorities over a $4 billion tourism resort in Egypt's Red Sea region of Sharm el-Sheikh, Egyptian...

Egypt and Chinese economic cooperation to strengthen

Egypt has announced it will be offering China investment projects into electric-generation, railway and train carriage constructions, and many others. These will be proposed...

Kuwait projects record deficit on falling oil income

OPEC member Kuwait projected a record budget deficit for the fiscal year starting April 1 on the sliding price of oil, the finance ministry...

UAE-China $10 Billion Investment Fund

The United Arab Emirates and China have agreed to found a $10 billion co-investment fund to strengthen trade ties with other Gulf nations and...

Gulf Shares in Free Fall after Oil Rout, Iran Deal Implementation

Share prices in the energy-rich Gulf states nosedived Sunday following the sharp decline in oil prices as Iran prepares to resume crude exports after...

Chinese, Israeli and Turkish investors show interest in Crimea

    According to the deputy head of the Crimean government, Georgy Muradov states that China, Turkey and Israel have shown great interests to cooperate with...
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