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The Central Bank of Bahrain cancelled a $750million bond sale less than 48hours after it was launched and just few hours after Standard and Poor’s (S&P) rating agency downgraded its credit ratings by two notches from BBB- to BB as Read more
Iraqi authorities have been secretly searching for a stolen Ir-192 after they noticed that it was missing around the end of last year. A document dated November 30 that was seen by Reuters and addressed to the environment ministry’s Center Read more
Most oil dependent countries have been downgraded by Standards and Poor’s rating agency and some Gulf countries were among those affected recently with their ratings reduced by 2notches. The agency cited that the falling oil prices contributed to the decision Read more
As Libya clocks 5 years since the war began with the uprising against the Gadhafi regime, UN special envoy told Associated Press that the Islamic State poses a major threat to the country’s stability and security. He said “every day Read more
King Mohammed VI and French president François Hollande have called on the Libyan House of Representatives “to quickly approve” the new line-up for unity government to restore peace to Libya where the prevailing violence is threatening the stability of the Read more
UN aid chief, Stephen O’Brien, told the Security Council that delivering humanitarian aid in Yemen is a major challenge as warring parties continue to limit access to areas under their control. He lamented the inconsistency of the Houthis and their Read more
Hezbollah’s Secretary General Hassan Nasrallah accused Saudi Arabia and Turkey of trying to undertake actions contrary to peace in Syria as President Assad and his allies have put the warn-torn country on a “new track.” In a speech marking the Read more
Tunisia will be receiving a delegation from the International Monetary Fund (IMF) to discuss a loan agreement and Prime Minister Habbib Essid met with Central Bank Governor Chely Avari over the weekend ahead of their arrival. A government official hinted Read more
“I have a suggestion: Give us the oil and we will give every Kurdish employee a salary like we do for every Iraqi employee,” Prime Minister Haider al-Abadi said in an interview on state television. His comments are aimed at Read more
The first cargo train coming from China arrived on Monday in Tehran marking the revival of the ‘Silk Road Economic Belt’ project spearheaded by Beijing with Iran expected to play a major role due to its geographic location. The train Read more