Greece’s oil debt with Iran resolved

The deputy oil minister of Iran has announced that the signing of a Memorandum of Understanding (MoU) has created a framework to settle Greece's...

Iran’s first post-sanctions oil exports to Europe begin

Iran is poised to export its first oil shipments to Europe since international economic sanctions were lifted in mid-January, the oil ministry's SHANA news...
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Saudi Arabia to increase oil drastically

Saudi Arabia announced a record budget deficit and cuts to fuel and utility subsidies as the oil powerhouse suffers from a drastic fall in...

Bank of America Settles to the Tune of $17 billion over...

America’s second largest lender has reached a $16.65 billion settlement with US federal authorities over selling bad mortgages, the Justice Department said Thursday. The bank...
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China To Invest $10 Billion In Egypt?

Hossam Qaweesh, spokesperson for the Egyptian Cabinet, has said that at the Forum on China-Africa Cooperation in Johannesburg that Egypt has introduced 15 projects...

Morocco A Future Energy Superpower?

Morocco is set to become a solar superpower with potential to export power to Europe. The World Bank stated in an article on its website...
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Aviation Industry Eying Potential Iceland Volcano

The aviation industry has been warned about the possibility of flight disruptions caused by activity at Iceland's largest volcano system. Intense seismic tremors have...

Israel and Egypt To Make $10 Billion Gas Deal

Levithian's four partners compising of Houston-based Noble Energy, and Israel's Delek, Avner and Ratio, have reached a preliminary deal to export gas to Egypt....
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$3 Billion Saudi Loan to Egypt

Saudi Arabia agreed to provide Egypt with more than $3 billion in loans and grants to help its dollar-starved economy. The kingdom will loan $1.5...

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...
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