Articles
Iraq's debt set for 'steep' fall on higher oil prices but outlook is volatile, Fitch says
The rating agency estimates oil prices will average $105 a barrel this year and $85 in 2023, boosting revenue and economic growth
Tunisia has made 'good progress' on economic policies and reforms, IMF says
North African country will need to reduce its civil service wage bill and gradually phase out energy subsidies through regular price increases while also strengthening tax equity
Algeria's Sonatrach strikes production deal with TotalEnergies, Occidental and Eni
New production-sharing contract is for 25 years for onshore blocks in eastern part of North African country
Oil rallies on supply fears and tight market
A force majeure declaration by Russia's Gazprom and a disruption to the Keystone pipeline between Canada and the US have boosted crude prices
Oil prices edge higher amid tight market and weaker dollar
Both key benchmarks have bounced back after gaining more than 2 per cent in trading on Monday
Pakistan reaches agreement with IMF to resume funding and 'stabilise' economy
Soaring prices globally and a delayed policy action worsened the country’s finances which led to significant exchange rate depreciation and eroded foreign reserves
Oil prices swing after slumping on demand concerns and recession fears
Both key crude benchmarks plummeted as the International Monetary Fund cut the growth outlook of the US economy and Opec said demand would outpace supply in 2023
Fitch downgrades Turkey deeper into junk on 'spiralling inflation'
Increasingly interventionist policies to reduce the pace of rapid credit growth and tighter capital flow management measures do not reduce risks to macroeconomic and financial stability, rating agency says
Tecom raises $463m from oversubscribed IPO
Group expects to pay a $218m dividend annually over the next three years through to October 2025, implying a yield of as much as 6.5%
UAE's $3bn sovereign bonds five times oversubscribed
Initial target was a benchmark size of $1.5bn, with global book orders peaking at $15bn before the issuance was upsized
US 'gas tax holiday' unlikely to support oil market in long term, Rystad says
Consultancy says the best way to rebalance supply and demand is to let the market work itself out
IMF says ready to start funding programme talks with Tunisia within 'weeks'
Impact of Ukraine war increases urgency for swift implementation of ambitious reforms, International Monetary Fund says
Lebanon's runaway inflation reaches 211% in May
Jostling by political elite is delaying reforms required to secure $3bn from the International Monetary Fund
Adnoc identifies $19bn of products with local manufacturing potential
The UAE oil and gas company has signed agreements with local and international companies for manufacturing of products worth $5.7bn in its procurement pipeline
Taqa, Adnoc and Mubadala enter binding agreements to buy Masdar stakes
Transaction puts a value for the new Masdar joint ventures at about $1.9bn on a 100 per cent equity basis
