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...

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...

Syria begins fruit, vegetable exportation to Russia

Kommersant have reported that Syria has begun exporting fruit and vegetables to Russia. This comes as a Russian imposed ban on exporting Turkish foods...

Oman to leave the GCC?

The former Vice Chairman of Oman's Shurah Council, Saalem Al-Siyabi, tweeted on Saturday that his former government is hoping to work on a Gulf Cooperation Council (GCC) referendum that...

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...

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...

Turkish businesses hope to increase trade with Greece

With Greek Prime Minister Alexis Tsipras' visit to Izmir planned for February, Turkish businesses will call for the removal of restrictions so they can...

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...

Iran announces possibility to increase gas export

Director of Gas Transmission Operation (District 8) has announced the possibility to increase gas export or swap with Caucasus countries like Armenia and Azerbaijan. Yadollah...

$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...