Business

Germany Whistles for Cedre Conference Investments’ Kick-off

Germany Whistles for Cedre Conference Investments’ Kick-off

Germany’s investments in Lebanon, which are expected to be revealed during the visit of Chancellor Angela Merkel to Beirut, will represent the first European and foreign investments in the sectors of infrastructure and services that were approved during the Cedar Conference to support Lebanon. T

Trump Waives Additional $200 Mil Tariffs on Chinese Products

Trump Waives Additional $200 Mil Tariffs on Chinese Products

China and the United States are closer than ever to a trade war after Beijing accused US President Donald Trump of "extortion" following his threat to impose new tariffs on imported Chinese products. On Monday, Trump asked US Trade Representative Robert Lighthizer to identify $200 billion worth o

Saudi Housing Ministry Seeks Providing 75,000 Land Grants

The Saudi Ministry of Housing provided 33,137 residential land grants to citizens of all regions during the last six installments of “Sakani” program for the current year (2018), representing 26 percent of the total housing and financing options provided by the Ministry to beneficiaries per month.

Egyptians Confused by Hike in Fuel Prices

Egyptians Confused by Hike in Fuel Prices

On the second day of Eid al-Fitr, the holiday that marks the end of the holy month of Ramadan, Egyptians were preoccupied with a 60 percent rise in gasoline prices ordered by the Petroleum Ministry Saturday. It is the second such hike by the government since Egypt floated its currency in November

Egypt Announces Steep Increase in Gasoline Prices

Egypt Announces Steep Increase in Gasoline Prices

Egypt raised gasoline prices by up to 50 percent, the oil ministry said on Saturday, as part of the country's economic reforms and austerity measures.

Iraq Bans Rice, Yellow Corn Planting Due to Water Shortages

Iraq Bans Rice, Yellow Corn Planting Due to Water Shortages

Iraq has informed farmers of a ban on planting rice and other water-intensive crops in the face of increasing shortages because of drought and shrinking river flows. A letter from the Minister of Water Resources Hassan al-Janabi to Prime Minister Haider al-Abadi's office showed the ministry had d

Chaos in Oil Markets as Saudi Arabia Discusses Scenarios to Appease Everyone

Chaos in Oil Markets as Saudi Arabia Discusses Scenarios to Appease Everyone

Chaos reigned on Wednesday as Russian officials said there was a need to increase the production of the Organization of the Petroleum Exporting Countries (OPEC) and its independent producers, known as OPEC Plus, while US President Donald Trump held OPEC responsible for the rise in oil prices. Ira

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