Economy

 Libya was producing 685,000 barrels of oil per day (bpd) on Sunday, up from around 600,000 a day last month, an official from the National Oil Corporation (NOC) said. Output…

AFP photo Beijing has pledged to open up more economic sectors to foreign investment, an official statement said, as foreign chambers of commerce complain of a worsening business environment in…

Russia’s Gazprom said on Dec. 27 it had filed proposals with the European Commission aimed at resolving a five-year EU case over the Russian gas giant’s alleged monopoly practices. The…

REUTERS photo Russian nuclear group Rosatom would be interested in taking an equity stake in French peer Areva if the French government allows it, a top Rosatom executive said on…

Egyptian Oil Minister Tarek El Molla has signed three offshore oil and gas exploration and production deals worth a total of at least $220 million with France’s Total, Britain’s BP,…

Chinese Foreign Minister Wang Yi (R) shakes hands with his Sao Tome counterpart Urbino Botelho as the countries sign an agreement to restore diplomatic ties (AFP Photo/GREG BAKER) China promised…

REUTERS photo China’s non-financial outbound direct investment (ODI) is likely to hit 1.12 trillion yuan ($161.19 billion) in 2016 and foreign direct investment into China will total 785 billion yuan,…

Egyptian President Abdel Fattah al-Sisi  Egyptian President Abdel Fattah al-Sisi said on Saturday that the military’s economic activity accounted for no more than two percent of the country’s output, dismissing…

Greek Finance Minister Tsakalotos and Eurogroup President Dijsselbloem Eurogroup chief Jeroen Dijsselbloem said on Saturday talks about initial Greek debt relief measures would be resumed after being frozen mid-month over…

AFP photo Credit Suisse and Deutsche Bank have been hit with a combined penalty of more than $12 billion over the sale of U.S. toxic debt, further hampering two of…