Economics & Finance

Last year’s merger of Abu Dhabi state firms Mubadala and IPIC yielded a $125bn behemoth. The dust has now settled, and Mubadala is splashing the cash.

Opec’s blind spot when it comes to counting its members’ output of condensate and other NGLs – 7mn b/d and...

• Egypt’s Suez Canal saw revenue hit $1.351bn in 1Q 2018, the highest first quarter figure on record, though...

Egypt has returned to the IMF’s good books, for now at least. Energy subsidies are falling and reserves are at record levels.

Saudi Arabia raised $11bn in a three-tranche bond on 10 April, whilst arch regional rival Qatar raised $12bn on 12...

Qatar is seeking to rejuvenate its flagging stock exchange through increasing foreign ownership limits in a number of state-led energy sector companies. But overseas appetite to date has been lacklustre.

Iran accelerates plans to unify its two-tier exchange rate system in a desperate attempt to stabilize its plummeting currency amid geopolitical uncertainty. But efforts to impose currency controls look unenforceable and risk fomenting further dissent.

Lebanon has secured grants and loans worth $11.5bn for redeveloping its disheveled infrastructure. But a lack of financing is far from the republic’s biggest concern.

Algerian crude output fell by 40,000 b/d to 1.00mn b/d for March with the mid-month start of scheduled maintenance at...