Eastern Libyan state oil firm AGOCO pumps up to 290,000 bpd -spokesman

  BENGHAZI, Libya--- Libya's state oil firm AGOCO operating in the east is prod...

Oman's Bank Sohar launches $250 mln 3-yr debut loan - statement

  DUBAI--Oman's Bank Sohar has invited banks to participate in a $250 million d...

Egyptian pound steady at official auction, weaker on black market

  CAIRO--Egypt's central bank kept the pound steady at 7.53 to the dollar at a ...

Kuwait's Burgan Bank to consider expanding in UAE, Saudi, Egypt

DEAD SEA, Jordan-- Burgan Bank, Kuwait's third-largest lender by assets, will conside...

Algeria's Sonatrach appoints new chief executive

  ALGIERS-- Algeria's state energy firm Sonatrach has named Amine Mazouzi as it...

UAE April inflation slows to 4.2 pct y/y

  The United Arab Emirates National Bureau of Statistics has released the following...

Hyundai Heavy to build five oil tankers for Saudi's Bahri

  DUBAI--National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipp...

Renault in Turkey offers concessions to striking workers

  ANKARA--The Turkish arm of French carmaker Renault on Saturday offered concession...

INDICATORS - Egypt

  Latest Last change Previous Central bank o/n deposit 8.75 01/15/15 9.25 Central...

MIDEAST STOCKS-Weaker oil, Saudi attack may pressure Gulf equities

  DUBAI--Gulf stock markets may come under pressure on Sunday after oil prices fell...

Iran says can't afford Ahmadinejad cash handouts

Tehran--Iran can no longer sustain the billions of dollars needed to pay cash handouts en...

Sudan inflation up to 24.3 pct in April - statistics agency

  KHARTOUM-- Sudan's inflation rate climbed to 24.3 percent in April from 23.2 ...

Saudi April inflation flat at 2.0 pct y/y

RIYADH--Saudi Arabia's Central Department of Statistics released the following April ...

Saudi PetroRabigh says restarts VDU after unscheduled maintenance

  KHOBAR, Saudi Arabia-- Saudi Arabia's PetroRabigh has restarted a vacuum di...

UAE's Waha Capital to invest up to $1.08 bln by 2020 -chairman

ABU DHABI-- Abu Dhabi investment firm Waha Capital plans to invest up to 4 billion dirham...

Kuwait's Agility Q1 profit rises 5 pct, in line with forecast

DUBAI-- Kuwait's Agility, one of the largest Gulf logistics companies, reported a 5 p...

Background mixed for Gulf; S&P upgrade may support Egypt

DUBAI-- Mixed messages from the oil market and concern that full-scale fighting in Yemen ...

Kuwait's Burgan Bank Q1 net profit rises 2 pct

  DUBAI--- Burgan Bank, Kuwait's third-largest lender by assets, reported a 2...

Last overland route closure chokes off Lebanon exports

      Beirut--Lebanon's land exports to Gulf markets have b...

Ending Egypt’s currency black market brings new challenges

A mirror reflection shows an employee working in a foreign exchange office in central Cairo...

Opec urged to consider return to oil quotas

LONDON: Opec should consider re-introducing individual output quotas,  shuffled quietl...