Home » November 24th, 2015 Entries posted on “November, 2015”

Algeria wants united effort to increase prices

In his address to the 3rd summit of the Gas Exporting Countries Forum (GECF) in Tehran, Algerian Prime Minister Abdelmalek Sellal called for an agreement between members because the low global prices are not in the interest of the stakeholders. Gas prices have been low for more than a year forcing countries heavily dependent on […]

November 24th, 2015 | Posted in Headlines,World News | Read More »

Iran: Khamenei and Putin slam U.S

President Vladmir Putin who was in Tehran Monday assured the Supreme leader Ayatollah Khamenei of Russia’s support to Iran, a country that he described as “an independent and strong country with very good prospects.” Putin said Moscow considers Iran as “a trustworthy and reliable ally in the region and the world.” Iran and Russia share […]

November 24th, 2015 | Posted in Headlines,World News | Read More »

Libya: Qatar seals agreement between Tebus and Tuaregs

Qatar’s mediation efforts made it possible to sign a peace and reconciliation agreement between the Tebu and the Tuareg tribes that are fighting in the southern part of Libya over the control of oilfields.  The region is not controlled by the two rival governments and both tribes accuse each other of using mercenaries during clashes. […]

November 24th, 2015 | Posted in Headlines,World News | Read More »

Turkey hardens Syrian tone, could intervene to protect Turkmen

Turkey could for the first time be engaged militarily in the Syrian war after Prime Minister Ahmet Davutoglu stated that Turkish forces are “instructed to retaliate to any development that would threaten Turkey’s border security.” The statement was made following the airstrikes launched by Russian war planes near Turkey’s border during the weekend. Sources close […]

November 23rd, 2015 | Posted in Headlines,World News | Read More »

Oman’s S&P ratings downgraded, outlook also negative

Oman’s sovereign debt has been downgraded by the Standard and Poor’s (S&P) rating agency from A- to a BBB+ citing a negative outlook because “the government’s fiscal and external positions could deteriorate beyond our current expectations over the next two years.” The low global oil and gas prices led to the decision considering that Muscat […]

November 23rd, 2015 | Posted in Finance,Headlines | Read More »

Libya: Draft agreement will not change, UN Special Envoy tells rival governments

The new U.N special envoy to Libya Martin Kobler had his first official contact with the representatives of the two rival governments in Libya during the weekend to continue the U.N-led dialogue for a political agreement. Kobler visited the Tobruk-based government Saturday before heading to Tripoli for talks with the General National Congress (GNC.) He […]

November 23rd, 2015 | Posted in Headlines,World News | Read More »

Yemen: Houthis head to Oman for talks

The Houthi Movement has announced that a delegation will be leaving Sana’a for Oman for talks with Special envoy Ismail Ould Cheikh Ahmed on ways to end the ongoing war. Spokesman Mohammed Abdul Salam stated in a post on Facebook that they will be partaking in the discussions after the “positive response” they had concerning […]

November 22nd, 2015 | Posted in Gulf News,Headlines | Read More »

Turkey warns Russia of “serious consequences” after bombardments

Ankara is angered by Russia’s bombing of the Bayirbucak area, northwestern Syria, close to its Yayladag border gate in Hatay province. The foreign ministry summoned Russian Ambassador Andrei Karlov to protest against the “intensive” bombing of “civilian Turkish villages.” Ankara and Moscow support different sides in the five-year old Syrian war. Russia’s latest intensified intervention […]

November 22nd, 2015 | Posted in Headlines,World News | Read More »

Paris Attacks: President Holland Thankful for Morocco’s Assistance

President Francois Hollande of France held a meeting Friday at the Elysée with King Mohammed VI to whom he expressed thanks for the “effective assistance” extended by Morocco to his country, following the Paris terror attacks of last Friday. “The President of the French Republic expressed his thanks to HM King Mohammed VI for the […]

November 21st, 2015 | Posted in Headlines,World News | Read More »

Gulf Countries Invested Heavily in North Africa over Past Decade

Oil-rich Gulf companies have invested nearly $ 12 billion in sub-Saharan Africa in the past decade, but they injected nearly 10 times as much in North Africa over the same period, according to a study. The findings of this study were unveiled lately by Dubai Chamber of Commerce and Industry on the sidelines of the […]

November 21st, 2015 | Posted in Finance,Headlines | Read More »