emad sroor 16696 posts 0 comments

Gulf Cooperation Council (GCC) countries will see their economies shrink by 7.6% this year, an International Monetary Fund official said on Tuesday, revising downwards April forecasts of nearly 3%. “We expect the GCC economies to…

Lebanon’s Prime Minister Hassan Diab said on Tuesday his government was committed to a financial rescue plan and the losses envisaged in it, saying it remained the basis of talks with the IMF.

Oil prices slipped on Tuesday amid rising COVID-19 cases and a possible return of Libyan oil production, which has been down to a trickle since the start of the year. The more-active September contract for Brent LCOc2 fell 22 cents, or…

On Monday, Libya’s National Oil Corporation (NOC) said there had been international talks to end a blockade on oil exports, imposed since January by eastern-based forces in the country’s civil war, and that it was hopeful output would…

On Monday, British Prime Minister Boris Johnson said that the government should take an activist and interventionist approach to the economy. “I believe personally that what the government has got to do right now is keep going with an…

Oil prices slid on Monday as sharp spikes in new coronavirus infections around the world forced some countries to resume partial lockdowns, raising concerns about the pace of economic recovery and fuel demand. Brent crude LCOc1 had…

Full-back Thomas Meunier could still play in the latter stages of this season's Champions League for Paris Saint-Germain despite signing for Borussia Dortmund, the Bundesliga club's CEO Hans-Joachim Watzke said on Sunday. Belgian…

Dani Ceballos fired Arsenal into the FA Cup semi-finals as the Spaniard's stoppage-time strike clinched a dramatic 2-1 win at Sheffield United on Sunday. Mikel Arteta's side rode their luck after surviving a second-half barrage from the…

Iranian President Hassan Rouhani said on Sunday that his country is experiencing its toughest year because of U.S. sanctions coupled with the COVID-19 pandemic. The coronavirus crisis has exacerbated economic problems that worsened…

Barcelona's title hopes suffered a hammer blow on Saturday as they were held to a 2-2 draw by Celta Vigo, handing Real Madrid the chance to move two points clear at the top of La Liga. Luis Suarez twice put his team in front at Balaidos…