Bloomberg Energy companies in the Middle East reduced their borrowing by 26 percent in 2016 as an increase in oil prices late in the year provided revenue needed for exploration and production. Bonds and loans issued by energy producers in the six-nation Gulf Cooperation Council declined 26 percent to $17.5 billion from a record $23.7 billion in 2015, data ...

  Bloomberg Iran qualified 29 international oil companies to bid in upcoming tenders for crude and natural gas development projects as the Persian Gulf state seeks investment in energy. China National Petroleum Corp., Royal Dutch Shell Plc and Total SA are among the companies that will be invited to bid in tenders, according to a list published on the website ...

  Bloomberg Mexican consumer companies from Wal-Mart de Mexico SAB to El Puerto de Liverpool SAB may see sales flag when the country raises gasoline prices by as much as 20 percent in January. Retailers may be the most affected by the jump in prices, which risks eroding consumer sentiment and purchasing power amid a weakening peso that has already ...