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Egypt has bombed targets in Libya in a swift retaliation to the execution of 21 Egyptians by a group affiliated with Islamic State.
In a move set to frustrate Turkey's leaders, the country's central bank decided not to hold an emergency rate-setting meeting.
Despite struggling to recover from the 2003 war and the continuing ISIS insurgency, Iraq produced a record amount of oil last month.
Moody's on Tuesday downgraded its debt rating for Venezuela, citing an increased likelihood of a default due to lower oil prices.
Venezuelan President Nicolas Maduro resumed his tour of oil producers in the Middle East, as the country seeks protection from plummeting oil prices.
As the price of oil continues to hover around five-year lows, investors are scrambling to make sense of Saudi Arabia’s oil policy.
Iranian President Hassan Rouhani has tabled the possibility of a referendum on the country's controversial nuclear negotiations.
Hollywood movie “Exodus: Gods and Kings” was banned this week in the UAE and Qatar, as the religious epic proves controversial in the Middle East.
Oil-rich Saudi Arabia is expected to defy the recent slide in the price of oil and keep to its spending commitments.
The airline industry will reap the benefits of lower oil prices, which could fall to as low as $30 a barrel, according to Emirates Airline's CEO.
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