Economics & Finance

Algeria cut its 2018 trade deficit to $5bn with an oil products deal. With output down, exports down, and oil prices falling, this may be as good as it gets.

Jordan’s fiscal position is looking brighter with the finalization of a promised $1.08bn US aid package under a 4...

Jordan’s debt-ridden power firm Nepco has signed a $265mn concessionary loan deal with the European Bank for Reconstruction and...

Saudi state power firm SEC has signed a revolving credit facility with nine international banks to raise up to...

Saudi petchems firms Sipchem and Sahara are merging to create one of the kingdom’s largest petchems firms by market capitalization.

Saudi has grand plans to spend $150bn to make gas shortages history. It even aims to become an exporter. It will likely have to snag overseas assets to achieve this.

Riyadh is readying power privatization by hiving off SEC’s key generation assets in a separate subsidiary. The split into four private generators is planned.

Falling oil prices since October augur Q4 reversal.

General Electric (GE) has closed a $600mn financing agreement with the Trade Bank of Iraq and the UK-based bank...

Libya is set to net $25.4bn in 2018 on the back of higher oil prices. Its energy sector is in need of a cash injection to maintain output, but this is far from guaranteed.

Muscat is on pace to halve its deficit this year on the back of $70/B oil, but stagnant non-hydrocarbon revenues leave the country vulnerable to a downturn in crude prices.

Iran is heading back to the future as the government rolls back the clock to 2015 – US sanctions,...