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Moody's downgrades Bahrain and Iraq’s credit outlook to negative
With no oil revenues and limited access to affordable debt, some of both countries’ spending drives could be derailed
Qatar could extend FM on gas beyond June, Edison says
PLUS: Libya goes after corruption in oil sector
IEA cuts outlook for oil demand as supply nosedives
PLUS: Higher inflation in Cairo + Muscat as luxury retail spending stumbles in Dubai
EBRD extends EUR 5 bn lifeline for war-affected economies
PLUS: Paris Criminal Court hands down terrorism finance ruling to Lafarge for Syria cement factory
Big oil and gas discoveries in the Mediterranean and Libya are very welcome news for Egypt
Eni, Repsol, and Sonatrach all reported big finds that should be fairly quick to come to market
MENA oil exporters search for sustainable rerouting alternatives
In an ideal world, energy exporters in the region would cooperate to establish a redundant network of pipelines
Another Neom contract canceled
AND: Morocco to launch secondary market for bad debt
A growing repair bill
The recovery timeline for facilities across the region will also depend on how fast capital is deployed
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