international markets

Ireland unveils loans to help small businesses cope with Brexit

Dublin - Muslimchronicle

The Irish government unveiled Tuesday a 300-million-euro ($354 million) loan scheme for small businesses buffeted by Brexit, in a move designed to spur innovation and investment needed to tap new markets. The loan scheme for small and medium-sized businesses was announced as part of a major Brexit-proofing spending package in Irish Finance Minister Paschal Donohoe's 2018 budget. The heavy relianceRead more

Parliament efforts to cancel salaries’ cuts

Baghdad - Omar El Swedy

Iraqi PM, Haitham Al – Jubouri said that he submitted a proposal to cancel officials and retired salaries’ cuts after the increase of Iraq financial resources, because of the raise in oil prices in international markets. Three years ago, Iraq took extreme measures to face the collapse of oil prices and spend on its war against Daesh, so the governmentRead more

Kuwait to borrow more from international market

Kuwait City - Arab Today

Kuwait will increase its borrowing on international markets to plug a budget deficit resulting from low oil prices, the finance minister said on Tuesday. The move comes after the Gulf state raised $8 billion (€7.5 billion) last month in its first international bond issue. “We will continue to be present in the international (debt) market but in a prudent, rationalRead more

Economic situation dominates parties' electoral campaigns

Algeria - Rabia Khureis

Algeria's difficult economic and financial situation as a result of the collapse of oil prices in the international markets dominated the election campaigns of the political parties during the campaigns of the elections, scheduled to be held on May 4. The National Rally for Democracy (NRD), the second political group in Algeria, led by the Director of the Office ofRead more

Kuwait Oil Price Up to USD 51.16 per Barrel

Kuwait - QNA

The price of Kuwaiti oil went up 39 cents to reach USD 51.16 per barrel (pb) on Friday after being at USD 50.77 pb the day before, Kuwait Petroleum Corporation (KPC) said Saturday. International markets also saw a hike in prices after demand was up in China and uncertainties growing over a comeback for American production, especially after theRead more

Kuwaiti Oil Barrel Down 40 Cents, Reaches USD 50.31 pb

Kuwait - QNA

Kuwaiti oil barrel dropped 40 cents to reach USD 50.31 per barrel on Tuesday, compared to USD 50.71 pb on Monday, said the Kuwait Petroleum Corporation (KPC) on Wednesday. Meanwhile, oil prices rose in international markets due to expectations of a severe drop in US crude reserves. However, prices saw a slight drop as Libya announced the re-opening ofRead more

Rage erupts in Morocco after rise in fuel prices

Rabat - MENA

Rage erupted in the Moroccan streets after a rise in fuel prices in Moroccan markets despite its decline in the international markets. Earlier, activists launched a campaign on Facebook, calling for boycotting gas stations nationwide for 24 hours. This campaign is expected to incur on the hydrocarbon sector and other sectors in Morocco great financial losses. Moroccan citizens also expressedRead more

Khartoum to host third int'l oilseeds congress

Khartoum - Arab Today

The Sudanese capital Khartoum will host on Sunday the third international oilseeds congress organized by the Exporters Chamber at the Federation of Chambers of Commerce. The Chairman of the Exporters Chamber Wagdi Mirghani told MENA corespondent here that the gethering aims at empowering Sudan and helping it restore its previous position at international markets. He further reiterated that the conferenceRead more

Kuwaiti Oil Price up to $47.53 pb

Kuwait - QNA

The price of Kuwaiti oil barrel rose 66 cents reaching USD 47.53 on Wednesday, compared to USD 46.87 per barrel on Tuesday, said Kuwait Petroleum Corporation (KPC) Thursday. Meanwhile, in international markets, oil prices went up more than 2% Wednesday because of unexpected substantial decline in the US crude stocks, where US Energy Information Administration said crude inventories fellRead more

Saudi Arabia draws record $67bn demand for first international bond

Dubai/London - Arab Today

Saudi Arabia attracted massive investor demand of about $67 billion on Wednesday for its first international bond offer, as the Kingdom allayed concern about the impact of low oil prices on its finances. A source familiar with the offer said order books had come close to the $69 billion record for an emerging markets bond issue that was set byRead more