Emerging debt market trading fell by 12% in the first quarter of 2013. (Photo : Reuters)The image is the facade of the New York Stock Exchange. The trading volume for debts from emerging markets declined by 12% in the first quarter of 2013 compared to the previous year.
Tags: Middle East
Sinopec to purchase Apache Egypt assets for USD3.1 billion
China Petrochemical Corp.'s unit, Sinopec International Petroleum Exploration & Production Corp. had agreed to pay USD3.1 billion for Apache's Egyptian oil and gas businesses.
US issues worldwide travel alert after citing al-Qaeda's threat
The US State Department announced an international travel alert for terrorist attacks in the Middle East, North Africa and South Asia.
Ramadan's impact on the economy
The Islamic holy month would again denote an increase in demand for goods and services as it lowers productivity and performance.
Egypt gains Saudi Arabia, Kuwait, UAE support
Three countries pledged support for Egypt's dying economy. Three countries still believe in the conflicted country of Egypt. These nations - the Kingdom of Saudi Arabia, Kuwait, and the United Arab Emirates, expressed their support towards the Egypt saying that the North African country is "too big to fail.
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Chevron Phillips is planning a growth program in the Middle East. (Photo : Reuters)The image is the corporate logo of Chevron Phillips. The petrochemical joint venture between US oil firm Cheveron Corp and oil refiner Philips 66, Chevron Phillips Chemical Co, is now exploring ways to increase its presence in the Middle East.
