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Qatar to buy fuel for Gaza's only power plant: UN official

A top United Nations official said Tuesday that Qatar is buying fuel to restart the only power plant in the beleaguered Gaza Strip. Jamie McGoldrick, the U.N.'s resident humanitarian coordinator, said this will add a few more hours of electricity for Gaza's 2 million residents, who...

Foreign investment in Egypt falls, pain ahead

Foreign direct investment in Egypt’s nonoil economy fell in the second quarter to its lowest levels since just after an IMF-backed austerity plan began nearly two years ago, a sign that more pain may lie ahead before Egyptians begin reaping benefits. Egypt is counting on new private-sector...

Oil giant Aramco IPO by 2021: Saudi crown prince to Bloomberg

Saudi Crown Prince Mohammed bin Salman said that oil giant Aramco's initial public offering will go ahead by early 2021 after reports emerged the plan had been scrapped, Bloomberg reported. "I believe late 2020, early 2021," Prince Mohammed told Bloomberg in an interview published late...