Bahrain: first energy prices increase in 33 years

The Bahraini government approved the reduction of subsidies and the increment of energy prices in the country by at least 50%. The government made the decision while reviewing the expenditure policies due to the low global oil prices. Reducing energy Read more

KSA: Riyadh angered by S&P credit rating downgrade

Standard and Poor’s (S&P) rating agency decided to downgrade Saudi Arabia’s long term foreign and local currency sovereign credit ratings from AA- to A+ on Friday citing the effects of the low oil prices but authorities in Riyadh are not Read more

Tunisia: Interest rates reduced to boost investment, revive economy

Tunisia’s central bank, for the first time since the end of the Ben Ali regime, has cut interest rate by 0.50% because inflation has dropped. It hopes that the decision will contribute to reviving economy and attracting foreign investment. A Read more

Turkey-EU: Our target is clear, full integration, Zeybekci tells EU

Ahead of President Erdogan’s October visit to Brussels, interim economy minister Nihat Zeybekci told the Turkey-Italy Business Forum, held as part of the National Day of Turkey at Expo Milano 2015, that Ankara wants to be a fully integrated member Read more