IMF calls for targeted subsidies in Middle East

WASHINGTON, (Reuters) -The International Monetary Fund on Wednesday urged Middle East countries to target government subsidies at the poorest households after a wave of social unrest toppled rulers in Egypt and Tunisia.
The protests have highlighted the need to ensure that economic growth benefits everyone and not just a select few, I...

EU pushes strategic gas pipelines to merge

BRUSSELS/VIENNA, Feb. 18, (REUTERS )-European Union officials are pushing for a merger of two strategic gas pipeline projects to help secure supplies from Central Asia to the world's second-biggest gas market, industry sources say.
Vying to transport gas from Azerbaijan are the Austrian-led Nabucco consortium and the Interconnector Turke...

OSM Discusses with Chadian Delegation Exchange of Expertise, Bilateral Relations

The Oil State Minister (OSM), Ali Ahmed Osman, met with the Chadian delegation visiting the country these days and discussed with them the bilateral relations in field of oil and ways of exchanging expertise and visits between the two countries.
The meeting was attended by Secretary General of the ministry, Advisor to the Chadian President for Oil Affairs, Abdul-Karim...

Euro hits 2-month high vs dollar as stocks rise

LONDON, (Reuters) - World stocks edged up on Friday but were set to post their biggest weekly drop in eight weeks on concerns that rising inflation in emerging economies could lead to aggressive policy action and hurt global growth. Spain's stocks rose. Madrid plans a partial state takeover of its weakest savings banks as it seeks to reassure inv...

Ministry of Oil Begins Arrangements for Oil Exploration in Number of Blocs

The Sate Minister at the Ministry of Oil, Eng. Ali Ahmed Osman pointed out that the Ministry had begun to set up a number of arrangements to speed up oil exploration in number of blocs, including Al-Foula and Abu-Jabra ones.
Eng. Osman said, in a press conference, held, Thursday, January 6, by Minister of Finance and National Economy, ...