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Coping with day-to-day life

  Laval / AFP Welcomed with open arms — some even received coats from Prime Minister Justin Trudeau himself — the Syrian refugees who arrived in Canada a year ago are now facing their share of difficulties. Among them, 50-year-old Fahed Fattouh came with his wife and their two children after they fled the war-battered city of Aleppo via Beirut ...

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Historic OPEC deal boosts Iran budget

Tehran / AFP Iran’s President Hassan Rouhani presented his budget on Sunday, with OPEC’s decision to cut production helping to boost its expected oil revenues. Rouhani’s 2017-2018 budget is based on oil prices of $50 per barrel, up from $40 last year, with a focus on unemployment, water resources, railways and the environment. The sums look realistic after last week’s ...

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Kuwait Energy aims to close RBL loan of up to $100mn by year-end

  Reuters Kuwait Energy plans to close by the end of this year a reserve-based lending (RBL) loan facility of up to $100 million, sources familiar with the situation said. The Kuwaiti oil and gas exploration and production company, with assets in Egypt, Iraq, Oman and Yemen, is likely to obtain the financing on a bilateral basis from the European ...

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