Middle East
  • With the country in a situation still deeply precarious, the infusion of funds won’t be enough: it’s an unsustainable remedy for long-lasting structural problems. Middle East,Egypt,Egypt economy,Mohamed Morsi,Muslim Brotherhood,Qatar,Saudi Arabia,United Arab Emirates,Alex Erquicia
  • The estimated $7.3 million project will include a garden with plants mentioned in the Islamic holy book and an air-conditioned tunnel depicting events from the Quran.

    LAST UPDATE : Jun 20, 2013, 4:34 PM EDT
  • Besides a nasty turn in the protests, a particularly big risk factor for its economy could come from beyond its shores — the U.S. Federal Reserve.

    LAST UPDATE : Jun 11, 2013, 12:07 PM EDT
  • Saudi Arabia’s Oil Minister al-Naimi. Photo Credit: Reuters/Leonhard Foeger If OPEC is eventually forced to trim its oil exports in response to the shale boom, Saudi Arabia will have to shoulder most of the production cuts. Past experience suggests Saudi Arabia would have to absorb about two-thirds of any cutbacks even though it accounts for only one-third of the organisation’s exports. Riyadh’s views about the acceptability of current prices, and whether to cut…Middle East,lower oil,oil,oil exports,oil production,OPEC,Petroleum politics,Saudi Arabia,Reuters Comment
    Published Date : May 31, 2013, 6:54 PM EDT
  • Those in government believe this shows a desire to bring some fresh air into the negotiations with the IMF, though many outsiders don’t expect any significant changes.Middle East,Egypt,Fayyad Abdel Moneim,International Monetary Fund,Libya,Muslim Brotherhood,Qatar,Alex Erquicia
    Published Date : May 09, 2013, 7:17 PM EDT