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Saudi riyal under pressure from oil price

©Reuters Plummeting oil prices have led to renewed speculation against the Saudi riyal, heaping pressure on Riyadh as it burns through its foreign reserves and taps domestic debt markets to…

Kurds defy Iraq and pursue oil sales

©AFP Oil refinery near Erbil, in Iraqi Kurdistan This time last year, a high-stakes dispute over a tanker filled with Iraqi Kurdish oil came to a head in a Texas…

Olive oil exports boost Tunisian economy

©AFP A worker picks olives in Tunisia. A record harvest in the country has coincided with a shortfall in international production In a year when terror attacks aimed at Tunisia’s…

Germany to receive 800,000 asylum seekers

©Reuters Migrants wait after disembarking from the German navy vessel Schleswig Holstein Berlin has said it expects to receive a record 800,000 asylum seekers this year, more than the entire…

Saudi’s hard choices on oil and influence

©AP King Salman bin Abdulaziz Al Saud of Saudi Arabia The year 2015 is not going well for Saudi Arabia. The attempts of King Salman bin Abdulaziz al-Saud and his…

Saudi Arabia plans $27bn in bond issues

©AFP Saudi Arabia is returning to the bond market with a plan to raise $27bn by the end of the year, in the starkest sign yet of the strain lower…

Lessons learnt from crisis that never was

One of the stranger experiences you can have as a Treasury minister is engaging in a tense discussion with the governor of the Bank of England about a problem that…

UAE ends fuel subsidies to cut emissions

©Bloomberg The United Arab Emirates is to end billions of dollars worth of petrol subsidies in a bid to strengthen the Gulf state’s finances and limit spiralling car usage in…

Money can buy Iran’s restraint in the Gulf

Money can buy Iran’s restraint in the Gulf

You need JavaScript active on your browser in order to see this video. Moments of hope in the Middle East are rare. Momentous events often come up short, from the…

Iran oil puts pressure on rival exporters

©Reuters The lifting of sanctions against Iran is likely to prompt an increase in the Islamic Republic’s oil output and heap pressure on the finances of other hydrocarbons exporters. Estimates…