- Vienna, Austria - Mohamed Aoun, Libyan Minister of Oil and Gas, has said that Libya is continuing its gas export...
Libya developed a short-term strategic plan for the oil and gas sector, aimed at raising its oil production to two million barrels per day (bpd), said its energy minister.
Libyan National Oil Corporation's plan to overcome obstacles in the oil and gas sector includes restructuring the sector, he said.
- London, United Kingdom - Stock markets retreated Wednesday on poorly-received Chinese data, as investors looked ahead to the reopening of Wall...
All eyes later will be on the release of minutes from the US Federal Reserve's June policy meeting.
The minutes will be followed Friday by closely-watched US jobs data, a key guide to the state of the world's top economy.
- Oil producers are grappling with falling prices and high market volatility amid fears of global economic slowdown and the Russian...
On Monday, Riyadh said that it would extend a production reduction of one million barrels per day (bpd), which began in July, to August to boost prices.
At the same time, its ally in the OPEC+ group of oil producers, Russia, decided to slash exports by 500,000 bpd in August.
- The country received the fourth largest number of greenfield projects (997), an 84 per cent increase, behind only India (1008),...
In West Asia, FDI fell by 14 per cent to $48 billion, despite strong activity in greenfield projects and cross-border Mergers and Acquisitions (M&S).
Global foreign direct investment (FDI) flows in 2022 declined by 12 percent to $1.3 trillion, after nosediving in 2020 and rebounding in 2021.
- KKR had invested in CoolIT through its Global Impact strategy.
Headquartered in Calgary, Canada, CoolIT specialises in scalable liquid cooling solutions for computing environments.
Mubadala’s Impact Investing team invests in businesses providing solutions to critical environmental or social challenges.
- According to the TUIK state statics agency, the rate slowed from 39.6% in May. But a separate study released by...
Many economists are warning that inflation will start growing faster because of the spending pledges made by President Erdogan during May's election
Since Erdogan extended his rule into a third decade in a hard-fought runoff election on May 28, the lira has lost more than 23% of its value against the dollar
- Backed by the nation's sovereign wealth fund, the Saudi Pro League is luring big names from the major European leagues...
Firmino left Liverpool after eight seasons at Anfield, during which time he scored 111 goals in 362 appearances and won the Premier League, Champions League and Club World Cup
His arrival at Al-Ahli was revealed by the club in a video posted to social media and comes less than a week after the team concluded a deal to sign Edouard Mendy from Chelsea
- Baghdad, Iraq-- Iraqi President Abdul Latif Rashid has emphasized the need for reinforcing partnership with Iran in the fields of...
Iraq's president highlighted the importance of forging closer ties with Iran in a meeting with an Iranian delegation visiting Baghdad
He applauded Iran for the restoration of ties with countries in the Middle East and the resumption of diplomatic relations with Saudi Arabia
- Vienna, Austria-- Egypt plans to drill new gas wells in the Mediterranean Sea and the Nile Delta as part of...
According to its petroleum minister, Egypt will develop fields in the Mediterranean Sea, Nile Delta, and Western Desert to boost its production capacity
The offshore exploration involves companies such as Eni, Chevron, ExxonMobil, Shell and BP, aiming to drill 35 exploratory gas wells until July 2025
- Crude is the main revenue source for Libya, which has been torn by more than a decade of stop-start conflict,...
Khalifa Haftar, military head of Libyan eastern command, said "a deadline at the end of August for this committee to complete its mission".
Haftar said a committee must be established "to put in place financial arrangements with a view to fair management of public funds" and oil revenues





















