Tuesday, November 6, 2012
Iraq on Monday signed a five-year deal with Pakistan Petroleum for the company to explore a massive tract of land believed to contain gas, the latest step in Baghdad's efforts to boost energy output.
Fitch Ratings upgraded Turkey to investment grade on Monday, a move long coveted by Ankara, citing underlying strengths and an easing in near-term risks for the economy.
Sunday, November 4, 2012
Turkey warned Saturday it would shun international companies involved in oil and gas drilling off the shores of the divided island of Cyprus.
Saturday, November 3, 2012
The plunge in Iran's currency is proving bad for business in neighboring Iraq.
Tuesday, October 30, 2012
Wednesday, October 17, 2012
Kuwait's Emir Sheikh Sabah al-Ahmad al-Sabah Tuesday proposed setting up a US$2 billion fund to fight poverty in Asia and said the Gulf state will donate US$300 million to its corpus.
Apple's new iPhone 5 is selling well in the Gaza Strip despite inflated prices, reaching the Palestinian enclave via smuggling tunnels even before high-tech hub Israel next door.
Tuesday, October 16, 2012
Kuwait said Sunday it will host the first summit of the 10-year-old Asia Cooperation Dialogue (ACD) this week, bringing together economic powers China, Japan and leading energy producers.
Monday, October 8, 2012
As high oil prices and improved efficiency force refineries in the U.S. and Europe toward closure, the industry is shifting toward the Middle East and Asia in a move fuelled by a thirst for energy among emerging economies.
Tuesday, October 2, 2012
Iran's currency, the rial, plunged 9 percent against the dollar at the opening of trade on Monday, to a record low of 32,500 to the greenback, real-time exchange websites showed.