Drill deeper than oil for Saudi prosperity

Important reforms centre on energy, which kingdom uses wastefully, writes John Sfakianakis

Saudi group improves deal for creditors

Ahab agrees plan with leading parties over $6.4bn debt

Cairo suspends 10% capital gains tax

Decision welcomed as regional rivals test Egyptian competitiveness

Chinese investment in Israel rises

Technology and agribusiness draw interest and funds

Saudis claim oil price strategy success

World’s largest crude exporter seeks to douse US shale surge

US shale rebound will limit oil recovery

Output from the ‘swing producer’ has changed the equilibrium

Saudis burn through foreign reserves

King Salman funds public sector salaries and large-scale projects

Israel threatened with court over tax cash

Palestinian Authority accuses Tel Aviv of withholding revenues

London hears $650m Islamic bond trial

Property group DAAR and Bank Alkhair take on former bank employee

Security concerns make business difficult

Exporters struggle to adjust to cheaper oil but importing countries enjoy some benefits

Political turmoil and economic slowdown end boom years

The plunge in the oil price and a deteriorating security situation in the region have radically altered the fiscal landscape

Energy companies pledge billions of dollars of Egypt investment

A fragile political stability in the country of 90m is luring investors back again

Gulf states put money on Sisi’s Egypt

Ruling families pledge investments and deposits worth $12bn

Egypt plans new administrative capital

Proposal for city of 7m people to relieve pressure on Cairo

Foreign investors return to Egypt

Bidding war starts over two food groups

The big drop: Riyadh’s oil gamble

Why Saudi Arabia chose not to support market as prices fell

BP back working with Fridman and Browne

Oil major and LetterOne to invest $12bn in Egypt

Cash denied to charities in conflict zones

Counter-terrorism legislation causes banks to block funding, report says

Dubai to build major post-crash project

Vote of confidence in financial centre despite competition from Abu Dhabi

Oil fall may trigger Opec emergency meeting

Growing alarm over impact on members’ economies