Kuwait projects record deficit on falling oil income

OPEC member Kuwait projected a record budget deficit for the fiscal year starting April 1 on the sliding price of oil, the finance ministry...

Bank of America Settles to the Tune of $17 billion over...

America’s second largest lender has reached a $16.65 billion settlement with US federal authorities over selling bad mortgages, the Justice Department said Thursday. The bank...

Turkish businesses hope to increase trade with Greece

With Greek Prime Minister Alexis Tsipras' visit to Izmir planned for February, Turkish businesses will call for the removal of restrictions so they can...

$4 billion Saudi investment into Egypt?

A Saudi businessman is in talks with Egyptian authorities over a $4 billion tourism resort in Egypt's Red Sea region of Sharm el-Sheikh, Egyptian...

Iran’s first post-sanctions oil exports to Europe begin

Iran is poised to export its first oil shipments to Europe since international economic sanctions were lifted in mid-January, the oil ministry's SHANA news...

Syria begins fruit, vegetable exportation to Russia

Kommersant have reported that Syria has begun exporting fruit and vegetables to Russia. This comes as a Russian imposed ban on exporting Turkish foods...

Morocco A Future Energy Superpower?

Morocco is set to become a solar superpower with potential to export power to Europe. The World Bank stated in an article on its website...

UAE-China $10 Billion Investment Fund

The United Arab Emirates and China have agreed to found a $10 billion co-investment fund to strengthen trade ties with other Gulf nations and...

Syria and China to Boost Health Cooperation

Syrian Health Minister, Nizar Yazigi, discussed with China's Ambassador to Syria, Wang Kejian, on how to boost the Syrian health industry. Kejian emphasised China is...

Qatar’s new port makes progress

The new $7.4 billion Hamad Port in Qatar received its first ship in July, but only yesterday announced that it will begin accepting commercial...