Middle East

Dragon Oil commences production of crude oil in Egypt

Production set initially at 3,000 barrels of crude oil per day

US economic worries lower global oil prices

Offsetting an earlier $2 increase

Egypt moves to international debt markets, eyes Gulf currency-denominated bonds

Difficulties securing affordable financing currently, given the country’s strict monetary policy and credit rating

Oil prices slip over 1 percent as concerns ease over Middle East supplies

Investors are focused on the outcome of Wednesday's Fed meeting

Top Guinness World Records set in the Middle East

The region continues to break barriers

Startups in UAE, Saudi, and Egypt raised almost $3.5 billion in 2022

The UAE came out on top with $1.85 billion in investments