Articles and news
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Kogas to Invest $4.9 Billion in Iraq’s Zubair Oil Field
South Korea’s state-owned Korea Gas Corporation, Kogas, said in a stock-exchange filing that it would invest 5.87 trillion won ($4.91 billion) in…
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Regional Building Materials Markets Benefit from Lower Oil Prices
Property markets respond differently to the positive and negative developments seen daily across regional markets. These differences become more pronounced…
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Dollar Under Pressure as US Rate-Hike Expectations Ease
The dollar index fell yesterday as investors shied away from betting on the currency after Federal Reserve meeting minutes indicated that policymakers were…
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Gold Rises as Coal Hits a 12-Year Low
Gold rose yesterday as cautious investors moved away from the dollar ahead of US inflation data and minutes from the Federal Reserve’s latest policy…
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Jordan Plans a $2.8 Billion National Railway
Jordanian Transport Minister Lina Shbeeb announced plans for a $2.8 billion national railway project covering the country. Speaking to Anadolu Agency, she…
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Central Bank of Oman Assets Reach 7.8 Billion Rials at End of June
The Central Bank of Oman’s assets rose to 7.8 billion Omani rials at the end of June, compared with around 7.3 billion in June 2014, an increase of 7.4…
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Greece Moves toward Approving Its Agreement with Creditors
Athens moved yesterday toward approving a new loan agreement with creditor countries, submitting its text to the Greek parliament while setting aside…
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US Trade Deficit Widens as Food and Car Imports Grow
The US trade deficit widened more than expected in June as stronger domestic demand in the second quarter and a higher dollar boosted food and car imports.…
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Athens and Brussels Optimistic about Bailout Talks
Greece and its four lenders held bailout talks, with both sides expressing optimism about progress. Negotiations on an €86 billion ($94.5 billion) aid…
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Iran Offers $167 Billion in Energy Project Opportunities
Iran’s energy projects market offers regional and international companies opportunities worth up to $167 billion as Tehran prepares for international…