Economics & Finance

Imports from Iran hit 1.3mn b/d in February and will likely be higher in March. But US threats mean volumes will fall in April despite record low OSPs.

The latest monthly reports from the IEA and Opec released this week both flag up faltering global oil demand...

Libya’s crude output this week pushed past 1mn b/d for the first time in three months with the 7 March restart of the 315,000 b/d Sharara field.

Iran's continued ramp-up of South Pars gas output, though delayed, is impressive given sanctions. A banking shake-up suggests a power struggle.

Egypt has set up its first sovereign wealth fund with an authorized capital of E£200bn ($11.4bn) and a start-up...

Qatar has raised $12bn in the biggest GCC bond issue so far this year. Oman will find raising cash more pricey with Moody's joining S&P and Fitch in giving it a 'junk' rating.

The World Bank says it is close to finalizing a $1.9bn financial support package for Jordan over the next...

Moody’s on 5 March became the last of the big three credit ratings agencies to downgrade Oman into ‘junk’...

The Paris-based Financial Action Task Force (FATF) has given Iran an extension to fix its anti-money laundering regulations. Iran...

As protests against the 30-year regime of Sudanese president Omar al-Bashir enter a third month the reluctance of traditional Gulf allies to provide financial backing leaves him increasingly isolated.

Egypt raised $4bn in international bonds on 20 February, the country’s largest issue since a similar $4bn a year...

London-based independent Petroceltic has threatened to take Egypt’s state oil firm EGPC to court over unpaid dues, the firm...