Economy

Iran plans to issue sukuk securities worth up to $217 million to fund oil and natural gas projects, state-run energy news service SHANA reported on Saturday. Vice President Eshaq Jahangiri signed off on a decision, authorised under the…

Lebanon’s banking association said on Friday it can in “no way” endorse a government economic rescue plan it was not consulted on and which would destroy confidence in Lebanon, deter investment, and hurt any chance for recovery. In a…

Oil prices were largely steady in volatile trade on Friday as OPEC and its allies embark on record output cuts to tackle a supply glut due to the coronavirus crisis but gains were limited as investors awaited signs of a prolonged recovery…

France said on Friday it was urgent that Lebanon implement reforms that were essential for the country’s recovery after the government adopted an economic plan and decided to request help from the International Monetary Fund. “It is on…

Iraq’s total oil exports for April averaged 3.438 million barrels per day (bpd) and oil revenue more than halved to $1.42 billion, a statement from the oil ministry said on Friday. The average price per barrel of oil in April was $13.8.

Lebanon’s government on Friday signed a request for assistance from the International Monetary Fund, a statement from Prime Minister Hassan Diab’s office said. “This is a historic moment in the history of Lebanon. We have taken the first…

The top bank in Israel will hand over just shy of $900 million to the US Treasury after it was implicated in a tax evasion scheme, helping Americans to hide billions of dollars in wealth in thousands of foreign accounts. Bank Hapoalim…

Lebanon plans to seek International Monetary Fund aid after approving an economic rescue plan setting out vast losses in its financial system, as it aims to chart a course out of the most destabilising crisis since its 1975-90 civil war.…

U.S. state and local governments could need close to $1 trillion in aid over several years to cope with the aftermath of the coronavirus pandemic, House Speaker Nancy Pelosi said on Thursday. At a news conference, Pelosi said the…

President Donald Trump on Tuesday ordered meat-processing plants to stay open to protect the food supply in the United States, despite concerns about coronavirus outbreaks, drawing a backlash from unions that said at-risk workers required…