Latest in Tag: oil prices Highlight

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Latest in Tag: oil prices

Crude oil prices down Daily News Egypt

Oil prices sink amid demand fears

Oil prices plunged as West Texas Intermediate for September delivery fell $1.35 to$39.92 a barrel, while Brent crude lost 81 cents to $42.94 a barrel


Low oil prices force rethink on reforms in Gulf states

The rapid decrease in oil prices has caused widespread fear in the Gulf states. Far-reaching economic reforms are inevitable. The question is, can reforms work in an absolute monarchy? In the Gulf states, numerous savings measures are currently under way. In the United Arab Emirates and Kuwait, subsidies were reduced, and fuel prices were raised. …

Deutsche Welle

Iraq: A tale of two shocks

By Masood Ahmed Iraq is facing a “double shock” from the self-proclaimed Islamic State of Iraq and Syria (ISIS) insurgency and the global plunge in oil prices. While the new government led by Prime Minister Haidar Al- Abadi was formed with the express objective of dealing with the insurgency and addressing the humanitarian disaster it …

Daily News Egypt