The Es Sider terminal and nearby Ras Lanuf stopped working three weeks ago when fighting broke out between rebel groups and government forces.
Dubai’s index tumbled 5.0 per cent as most stocks declined.
Libya is surviving on a mere 128,000 barrels per day from fields connected to the eastern port of Hariga, an oil official said.
Output from Libya remains at a fraction of the 1.6 million barrels a day it produced prior to the 2011 ouster of leader Muammar Gaddafi.
Dubai’s index fell 0.7 per cent after jumping 2.6 percent on Sunday.
UAE-based private equity firm Abraaj has been battling Kellogg since last month, when the U.S. group scuppered its deal to snap up Bisco Misr.
The CEO of one of the world’s largest and oldest private banks gives his insight into the evolving world of wealth management, potential acquisition targets, and his plans for the Middle East.
Although Russia has invited opposition groups to participate in peace talks it did not specify which groups were invited.
The speed of the urbanisation process has put additional stress on social services and infrastructure in a region already deeply vulnerable to climate change.
While cloud computing is expected to grow in the Middle East and Africa, concerns about security are pushing against that trend.
The International Monetary Fund expects Iran’s economy to expand 1.5 per cent in 2014.
Oil, gas and petrochemicals is the most favoured industry in the region, writes Suhail Masri, VP of Sales at Bayt.com.
Gulf states agreed in November to end a dispute with Qatar over its promotion of “Arab Spring” revolts.
Iraq’s oil minister Adel Abdul Mahdi did not specify the form of intervention that OPEC should adopt.
Nilesh Ashar, partner and head of Tax for KPMG in the UAE, analyses the impact of investment regulations and tax laws on foreign businesses foraying into the Middle East.
The Observatory, which monitors Syria’s war with a network of sources, said the pilot was believed to have an Arab nationality.
Dubai’s main index was up 2.2 per cent at 3,802 points with property stocks dominating trade.
Egyptian President Abdel Fattah al-Sisi suggested in November he was considering pardoning Greste and two other journalists of Qatar-based Al Jazeera television.
Activists say that the death toll since the military campaign was launched in late September was probably higher among the hardline Islamist insurgents.
Dubai’s main index was down 0.4 per cent with trade focusing on real estate developers.
Regional professionals say they check and respond to official emails and phone calls while on vacation, finds new poll.
The Dubai index climbed 0.6 per cent after a 9.9 per cent jump on Sunday.
Increased tourist flows to the region have catapulted the Middle East into the top global market for luxury spending, a new report says
Kellogg said on Thursday that it would improve its offer to 86.36 Egyptian pounds per share, hoping to secure the deal.
Stock markets in Saudi Arabia and the UAE soared on Thursday as the price of oil rebounded.
The officers were killed on Wednesday when their plane crashed during a joint exercise in Egypt.
The regulator has yet to approve Abraaj’s new offer.
The ratings agency said that large government funded infrastructure projects will continue to drive growth in the GCC even if oil prices slide.
A wave of panic selling wiped out $49 billion of stock market value across the Gulf Arab economies on Tuesday.
The Kuwaiti ship collided with a fishing vessel in the Red Sea, killing 13 Egyptians.