Algeria

Algeria & Nigeria Sign Plan to Boost Pending Bilateral Mega Projects
16/10/2018 10:47 GMT

Algeria and Nigeria on Monday signed a plan to boost bilateral economic cooperation, on the occasion of visiting Nigerian Foreign Minister Geoffrey Onyeama to Algiers. The cooperation included... More


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Bahrain

Kooheji JV to Develop Tallest Residential Towers in Bahrain
16/10/2018 08:18 GMT

Bahrain's Kooheji Golden Gate has joined hands with two India-based real estate companies - Ajmera Realty and Mayfair Housing - to develop the kingdom's tallest residential towers featuring a total... More


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Egypt

One FSRU Vessel to Leave before Week-End: Egyptian Minister
16/10/2018 08:40 GMT

Egypt's petroleum minister said on Tuesday that a regasification vessel would leave Egypt by the end of the week, a day after Norway's Hoegh LNG said Egypt was to give up one of its two floating... More


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Iran

Analysis: India Crafts Alternative Crude Buying Strategy amid Iran Vacuum
16/10/2018 09:57 GMT

India will be looking to ship in more crude oil from Saudi Arabia and the United Arab Emirates to fill part of the vacuum created by reduced appetite for supplies from Iran, which is facing US... More


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Iraq

Iraq Issues New Banknote Designs
15/10/2018 05:13 GMT

The Central Bank of Iraq (CBI) has released a series of new banknote designs, which will enter circulation next week. According to a report from Rudaw, the notes are intended to modernize the... More


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Kuwait

Kuwaiti Carrier Inks Purchase Deal for A330neo Jets
16/10/2018 08:30 GMT

Kuwait Airways, the national carrier of the country, has signed a purchase agreement (PA) with Airbus for eight A330-800 aircraft, marking an important step in the airline’s fleet renewal and... More


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Libya

Libya's Crude Oil Output Hit by Sharara Security Fears: Sources
10/10/2018 08:31 GMT

Libya's crude oil output has dipped again due to the deteriorating security situation around its largest oil field Sharara , sources said Tuesday. Sources with knowledge of Libya's production said... More


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Oman

UAE’s MAF to Open Carrefour in Oman
16/10/2018 10:45 GMT

Muscat National Development & Investment Company (Asaas) has signed a lease agreement with Majid Al Futtaim Group represented by the Carrefour brand to be one of the brands in Hayy Al Sharq — the... More


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Qatar

Oriental Energy to Get Qatar Petroleum LPG
16/10/2018 08:49 GMT

Qatar Petroleum signed a sale and purchase agreement with Oriental Energy to supply China with 600,000 metric tons of liquefied petroleum gas (LPG) per year for a period of five years. The long-term... More


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Saudi Arabia

Saudi Minister Compares EV Hype to Peak Oil Misconceptions
16/10/2018 10:38 GMT

Saudi Energy Minister Khalid Al-Falih on Monday questioned what he described as the “hype” of the electric vehicle market and compared it to past misconceptions around the theory of peak oil. He told... More


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UAE

UAE’s MAF to Open Carrefour in Oman
16/10/2018 10:45 GMT

Muscat National Development & Investment Company (Asaas) has signed a lease agreement with Majid Al Futtaim Group represented by the Carrefour brand to be one of the brands in Hayy Al Sharq — the... More


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Yemen

Yemen Conflict Could Push Millions More to Brink of Famine: UN
16/10/2018 08:57 GMT

The number of Yemenis on the brink of famine could rise to 12 million - or two in five of the population - from around 8.5 million in coming months due to escalating war and a deepening economic... More


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General News

Russian, Iranian Ministers Discuss Oil Production Recovery
16/10/2018 08:57 GMT

Russian Energy Minister Alexander Novak held a meeting with Iran’s Oil Minister Bijan Namdar Zanganeh on Monday (15 October). Ministers discussed further recovery of oil production within the OPEC+... More


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