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Economy
Iranian Petrobars has developed the South Pars gas field after the withdrawal of two foreign…
Iranian Oil Minister Begin Zangana said on Saturday that Petrobars will develop phase 11 of the South Pars field, the largest gas field in the world, after the withdrawal of the French giant oil company Total and the Chinese National…
Lebanon’s finance minister meets an IMF official on Saturday
A statement from the Lebanese Finance Ministry said on Friday that Minister Ghazi Wazni, who was appointed this week as part of a new government, will meet with the International Monetary Fund official Sami Jada on Saturday.
Libya summit urges all parties to refrain from hostilities against oil installations
The draft final statement of a summit in Germany that includes foreign forces supporting the warring parties in Libya on Sunday called on all parties to refrain from hostilities against oil installations, against the background of the…
European stocks continue to lose amid Middle East tensions
European stocks continued to lose on Monday as tensions that followed the US assassination of Iran's military commander, Qassem Soleimani, continued in Iraq, while energy stocks benefited from higher oil prices, that was the only gainer…
The Turkish lira maintains the exchange rate against the high price of oil
The Turkish lira exchange rate stabilized despite a new sharp rise in oil prices, and three dealers said that government banks are pumping the dollar to help the currency withstand the market turmoil after the assassination of Qasim…
Oil tops $70 as Iran, Trump trade threats
Oil prices rose over 1% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike which killed the Iranian military commander, Qassem Soliemani…
Oil records a 3-month peak due to lower inventory
Oil prices rose to achieve gains for the fourth week in a row, adhering to the highest levels in three months after new data showed a decline in US crude stocks much more than expected, while a wave of stock market support near the end of…
Tunisian central bank keeps interest rate at 7.75%
According to the official Tunisian News Agency, the central bank’s board of directors decided to keep the main interest rate at 7.75 percent. After the regular meeting, the council said, “The gradual improvement, which was known to the most…
Crescent Petroleum invests more than $ 3 billion in Iraq
The CEO of Crescent Petroleum, Majid Jafar, said that the company is investing more than three billion dollars in Iraq, adding, “We have invested more than three billion dollars in Iraq over the past ten years, and this rate is increasing.”
Tunisia’s annual inflation slowed to 6.3% year-on-year in November
Tunisia's annual inflation rate fell to 6.3 percent in November from 6.5 percent in October, from 6.7 percent in September, official data showed on Wednesday.