Economics & Finance

The Suez Canal is seeing record oil volumes on the back of soaring US exports and Saudi oil products trade to and from Europe.

Tunisia and the IMF reached a staff-level agreement on the fifth review of its $2.9bn economic program the Fund...

Jordan state power utility Nepco this week signed two Sharia-compliant loan agreements totaling JD334mn ($471mn).  Nepco CEO Amjad al-Rawashdeh...

Rating’s agency Moody’s has upgraded Egypt’s long term credit rating from B3 to B2, just under a month since...

Egypt’s voters are set to decide next week on a new constitution. If the 97% who “voted” for Sisi last year support the president’s plans his tenure could last till 2030.

The end to fuel subsidies and IOC ‘receivables’ may finally be in sight.

Governments in Cairo and Tunis are talking a good game on ending energy subsidies. But popular resistance could yet throw efforts off track.

Saudi Aramco increased its debut bond sale from $10bn to $12bn this week amid huge demand that saw total...

Egypt has raised a €2bn ($2.26bn) two-tranche international bond which attracted book orders of over €9bn ($10.15bn), completing its...

That Aramco produces more oil than any other company will surprise nobody, but the firm’s bond prospectus reveals new details including capacity losses at Ghawar, the extent to which it utilizes infrastructure flexibility, and a weakening gas-oil production linkage.

Iran has revised its 2019-20 budgeted spending up by 8.7% from the draft budget unveiled in December. The budget law for...

BP, in its freshly-released 2018 annual report, reveals it wrote off $236mn in Egypt exploration spending last year, “the...