Algerian Sonatrach to Support Forest Protection Program
13/01/2021 05:56 GMT

Algeria’s national oil and gas company Sonatrach has reaffirmed its support for the annual reforestation and forest protection program, a group statement said. The CEO of Sonatrach, Toufik Hakkar,... More

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Bahraini Investcorp's Portfolio Company Acquires NIS
14/01/2021 11:09 GMT

Investcorp, a leading global provider and manager of alternative investment products, has announced that its portfolio company, Calligo Holdings Limited, the world’s first end-to-end managed data... More

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Egypt Pens MoU with Siemens for High-Speed Train Line
14/01/2021 11:23 GMT

Egypt signed a memorandum of understanding with Germany’s Siemens on Thursday for construction of a US$23 billion high-speed train line linking Egypt’s eastern and northern coasts, the cabinet said... More

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Iraq & Iran to Launch Joint Investment Fund
14/01/2021 11:49 GMT

Iran's Energy Minister Reza Ardakanian stressed the need to support Iranian and Iraqi private sectors and remove the obstacles to investment in order to achieve the goal of annual trade exchange of... More

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French Firm Grabs Major Iraqi Deal
14/01/2021 11:52 GMT

Turkey has lost a major construction bid in Mosul to the French, the latest curveball France has thrown Turkey in the two countries’ struggle for influence in the Middle East and North Africa region.... More

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GCC Dispute End Positive Development For Region: Kuwait's NBK
12/01/2021 10:48 GMT

The end of the GCC dispute is a “positive” development for the region; National Bank of Kuwait said and noted the “economic impact of this reconciliation could be limited” but still would translate... More

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Libya's Sanalla Attends 13th OPEC+ Ministerial Meeting
13/01/2021 07:35 GMT

The Chairman of the Board of Directors of Libya’s National Oil Corp (NOC), Eng. Mustafa Sanalla, participated in the 13th OPEC and non-OPEC Ministerial Meeting held via videoconference. The Meeting... More

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Deal Signed between Madayn & Oman LNG
14/01/2021 07:47 GMT

The Public Establishment for Industrial Estates (Madayn), signed an agreement with Oman LNG Development Foundation to finance business incubator project at Sur Industrial City. The signing of the... More

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Qatar Petroleum Launches New Sustainability Strategy
14/01/2021 07:30 GMT

Qatar Petroleum has launched its new Sustainability Strategy, which highlights its commitment and sense of responsibility as a major energy producer, and sets a roadmap for a sustainable and more... More

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Saudi Arabia

Crown Prince: Huge Investment Opportunities to be Available in KSA
14/01/2021 09:13 GMT

Major investment opportunities worth US$6 trillion will be available in the Kingdom of Saudi Arabia (KSA) over the next 10 years within the framework of the opportunities provided by the Kingdom's... More

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GDFRA & Dubai Tourism Pen Deal
14/01/2021 11:02 GMT

The General Directorate of Residency and Foreigners Affairs - Dubai (GDRFA–Dubai) and the Department of Tourism and Commerce Marketing (Dubai Tourism) have announced the signing of a strategic... More

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US to Designate Yemeni Houthi Movement as Foreign Terrorist Group
12/01/2021 11:07 GMT

The outgoing US administration is to designate Yemen’s Houthi movement as a foreign terrorist organization, a move the United Nations warned could undermine peace talks and make it harder to feed... More

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General News

Saudi Cabinet Approves Amendments to Contractors Authority, Trademark Law of GCC
13/01/2021 09:29 GMT

The Saudi Cabinet, headed by Custodian of the Two Holy Mosques King Salman bin Abdulaziz, approved on Jan. 12 amendments to the organization of the Saudi Contractors Authority, SPA reported. The... More

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