IMF Chief Urges Gulf States to Raise Taxes
The head of the International Monetary Fund on Monday urged energy exporters of the Middle East to raise more taxes as governments across the region grapple with a dramatic drop Continue Reading
Italy Quietly Agrees to Armed U.S. Drone Missions Over Libya
The Italian government last month quietly began allowing armed American drones to fly out of an air base in Italy for military operations against Islamic State in Libya and across Continue Reading
Kuwait: Military Leaders From Anti-Islamic State Coalition Meet
High-ranking military officials from 30 nations fighting the Islamic State met Feb. 22 in Kuwait City, AFP reported. Security was tight at the meeting, where military leaders from the United Continue Reading
Iraq Revives $2 Billion Bond Plan, Will Likely Seek IMF Aid
Iraq, struggling with low oil prices and a war with Islamic State militants, may raise $2 billion in Eurobonds this year and will probably ask the International Monetary Fund for Continue Reading
Iran opening energy doors for Europe
Iran said Monday it expected to renew an energy relationship with German company Siemens, which was suspected of Internet sabotage in 2010. Siemens Chief Executive Joe Kaeser met in Tehran Continue Reading
Eni cleared to develop Zohr gas basin in Egypt
talian energy company Eni said it received consent from the Egyptian government to lay the groundwork for developing a giant offshore gas basin. Eni said received word from the Egyptian Continue Reading
Moody’s: Gulf banks pressured by oil
Banks for members of the Gulf Cooperation Council, which includes Saudi Arabia, face pressure from low oil prices despite government support, Moody’s said. Crude oil prices continue to hold near Continue Reading
Nigeria’s Buhari to discuss oil price stability with Saudi king – presidency
Nigerian President Muhammadu Buhari will fly to Saudi Arabia to discuss with King Salman ways to stabilize crude oil prices, the presidency said in a statement on Sunday. Buhari will Continue Reading
Mexico Allows Fuel Imports to Lure Investment, Cut Prices
Mexico, which ended a 76-year oil monopoly in 2014, is now speeding the liberalization of the fuel market as it seeks to lure investment and push down prices for consumers, Continue Reading
India caste unrest: Ten million without water in Delhi
More than 10 million people in India’s capital, Delhi, are without water after protesters sabotaged a key canal which supplies much of the city. The army has took control of Continue Reading