Saudi Arabia's Capital Market Authority (CMA) announced new rules permitting foreign investors to buy shares directly in initial public offerings (IPO). The new policy will take effect at the start of 2017.

The Iraqi oil ministry and newly established Dhi Qar Oil Company are reviving plans to boost production and refining of crude oil from the Nassiriya field in southern provinces at a capacity of 300,000b/d, delayed from 2014 due to the emerged IS violence.

In exclusive statements made to Youm 7, former Minister of Petroleum Osama Kamal said that the ideal way to deal with foreign companies that want to invest in Egypt is to prepare banking feasibility studies in advance.