Oil Prices Unsustainable, Unacceptable, Buhari

Nigeria’ Muhammadu Buhari called for cooperation between oil producing countries, both OPEC and non-OPEC members, to stabilize the prices of oil in the global market. In a statement released by the Nigerian presidency Sunday, after a meeting between President Buhari Read more

Lebanon: Hezbollah slams Saudi claiming influence projection, authorities divided

Politicians in Lebanon are in disarray following the $3million military aid suspension to the Lebanese army by Riyadh that was followed few days after by travel warnings from Saudi Arabia, Bahrain and Kuwait to the country. The decision is believed Read more

Relations between Rabat & Brussels Souring

Moroccan Government, irked by a European court ruling annulling an agriculture trade deal, has decided to freeze all contacts with the European Union institutions. A spokesman for the Moroccan government said Thursday the Kingdom has no choice but to suspend Read more

Oman to Issue International Bond despite Ratings Downgrade

A week after Oman’s credit ratings were downgraded by Standard and Poor’s from BBB+ to BBB-, sources have revealed that the government is preparing to issue a sovereign dollar bond but the Finance Ministry refused to confirm or deny the Read more

Turkey Bombards PKK Headquarters after Sabotage Allegations

Turkish air force on Wednesday shelled for almost two hours the Kandil Mountain believed to be the headquarters of the Kurdistan Workers’ Party (PKK,) targeting logistical centers, ammunition depots and shelters. The assault took place on the same day that Read more

KSA, Nigeria Discuss Oil issues, Agree on Price Stabilization

Saudi Deputy Oil Minister Prince Abdulaziz bin Salman and Nigerian Oil Minister Emmanuel Ibe Kachiwkuto met in Riyadh to discuss the oil market with both parties agreeing that consultations and cooperation between all oil producers are the best way to Read more