Business & Economy Bound

A complaint by rights groups over a toxic spill at an oil site in Chad linked to the British subsidiary of mining giant Glencore has cleared a hurdle in the UK, Britain's trade ministry said. The case relates to an accident in September 2018 at the Badila oilfield in...

The first direct flights since 2017 between Qatar and its former rivals Egypt and the UAE took to the skies on Monday, following the end of a regional crisis. Egypt and the United Arab Emirates (UAE) joined Saudi Arabia and Bahrain in cutting ties with Qatar in June...

Algeria's oil revenues collapsed in 2020, according to energy ministry figures released Sunday, exacerbating an economic crisis in the North African country which is heavily dependent on crude income. "The overall volume of hydrocarbon exports reached 82.2 million...

Algerian President Abdelmadjid Tebboune on Thursday approved a 2021 budget which foresees a deficit of around 14 percent of GDP, the presidency said, as the oil-dependent country grapples with economic woes.  Algeria's economy has been clobbered by tumbling crude...