Shipping and insurance costs have passed one-third of crude's value this year, OPEC's Secretary General told an online workshop that OPEC, the IEA and the IEF convened on 4 November. For producing and consuming economies…
IMF staff and Jordan reached a staff-level agreement on the sixth Extended Fund Facility review and third Resilience and Sustainability Facility review,…
Global progress against extreme poverty has stalled, according to the World Bank's Poverty, Prosperity, and Planet Report 2026, published on 26 October.…
Saudi Finance Minister Mohammed Al-Jadaan will chair the International Monetary and Financial Committee into a fourth year, and the committee's members, meeting…
Shipping and insurance costs have passed one-third of crude’s value this year, OPEC’s Secretary General told an online workshop that OPEC, the IEA and the IEF convened on 4 November. For producing and consuming economies alike, that puts the cost of moving and insuring a cargo at more than a third of what the crude…
Oman’s economy grew 3.8% in the first half of 2026, supported by 9.7% growth in petroleum activities, the Ministry of Economy reported to an IMF mission on 4 November. Both parts of the economy grew in the first half, and the Fund projects 4.1% growth for Oman for the full year, a figure that covers…
Fitch Ratings revised BNP Paribas’ outlook to Negative from Stable on Tuesday and affirmed its AA- rating, carrying its 30 October move on France through to the bank’s operating environment. For the bank’s creditors the ratings hold today, but their direction now hangs on France: a sovereign downgrade to A would likely take BNP Paribas…
IMF staff and Jordan reached a staff-level agreement on the sixth Extended Fund Facility review and third Resilience and Sustainability Facility review, worth an estimated $294m once the Board approves. For Jordan’s government and its creditors, the agreement keeps a programme approved in January 2024 on track through a war that has cut tourism and…
The International Energy Agency projects a 3% fall in global LNG supply in 2026, the steepest on record, and warns low European storage could keep markets tight into 2027. For gas importers in Europe and Asia, the review warns that competition for a small pool of flexible cargoes could intensify this winter. Prices are already…
Egypt signed €58.22 million of development financing from the International Fund for Agricultural Development on Monday for a Nile Valley farm water project, alongside a $470,000 grant. For farmers in Beni Suef and Minya, the larger agreement helps finance modern irrigation and drainage across 30,000 feddans, with an estimated 90,000 rural households set to benefit,…
Oracle’s $10bn note offering drew investment-grade ratings from Fitch, Moody’s and S&P Global Ratings on 2 November; Fitch and Moody’s also affirmed the company’s ratings, with Moody’s outlook still negative. For Oracle’s creditors, the agencies place the new debt in the same BBB band, but Fitch and Moody’s split on direction: Fitch keeps a stable…
Banque du Caire shares began trading on the Egyptian Exchange after an EGP 36.37 billion offering, the exchange’s largest ever, whose public tranche was covered over 27 times. For Egypt’s state offerings programme, the result answers the question that matters most: whether local and foreign money will commit at size to a state bank. Orders…
Government support to agriculture rose nearly 15% in two years to a record above $950 billion in 2025, with nearly half in potentially most distorting forms, the OECD said. For farm ministries and food importers, the Agricultural Policy Monitoring and Evaluation 2026 report, published on 2 November, shows support growing faster than the value of…
Egypt signed a $1 billion World Bank financing agreement on 1 November, the second of three development policy operations backing private investment, sounder public finances and a greener economy. For Egypt’s budget, this is concessional money tied to reforms the government says are already under way, from wider private participation to more efficient management of…