Explainer: OPEC+ will not boost oil production after Russia cut

Saudi Arabia and other OPEC members are so far not reacting to Russia’s production cut as they stand to benefit from the move.

Legacy: Gulf

Egypt plans to sell stakes in 32 state-owned companies within year

The announcement comes as the government is moving to reduce the state’s footprint in the economy, and includes two military-owned enterprises and three banks.

Egypt

Is Italy pursuing a 'rebalancing' in North Africa?

Algeria is set to double liquified natural gas exports to Europe as Algeria finesses ties with Italy.

North Africa

Egypt's economy takes another hit with rating downgrade

Moody’s also said Egypt’s ability to generate domestic funding will help its economic outlook.

Egypt

China, US deals and robots headline Saudi Arabia's LEAP tech event

China's Huawei, Hectar, Lenovo were among major deals reached at Saudi's flagship technology event. 

Saudi Arabia

Iraq lowers dollar-dinar exchange rate

The Iraqi dinar has been depreciating against the dollar amid restrictions from the US Federal Reserve and other issues.

Iraq

Libya’s oil production unlikely to reach 2 million barrels per day ever again

Pro: Libya hopes to increase oil production to over 2 million barrels per day in the medium term. Here's why that is unlikely to happen. (subscriber only, access with free trial)

Gerald Kepes

In Washington, DC, reporting on regional energy trends

In Turkey, questions about country's preparedness after massive earthquake

Only 0.5% of spending from the central government budget last year went to programs related to urban improvements and disaster management in quake-prone Turkey.

Turkey

Egypt’s non-oil sector suffering under high inflation: Report

Egypt is experiencing rising inflation and the depreciation of its currency, but the country’s stock exchange is doing well and the IMF recently agreed to a massive aid package.

Egypt

HSBC warns Netanyahu’s judicial overhaul will harm Israel's economy

The leading European bank echoed last week's warnings by JPMorgan over the negative effects the judicial reforms pushed by the current Israel government could have on the country’s economy.

Israel

Iran stops taxing foreign currency imports amid liquidity crunch

The Central Bank of Iran has a shortage of foreign currency and the United States is seeking to stop the flow of dollars into the country.

Iran

JPMorgan warns about investment risk in Israel

The major US investment firm is concerned about the government’s judicial reform efforts contributing to domestic volatility.

Israel