Algeria

Decrease in Algeria Forex Reserves
09/03/2021 05:36 GMT

Algeria's foreign exchange reserves currently stand at US$42 billion, President Abdelmadjid Tebboune said, down from US$60 billion in the first quarter of 2020. A fall in global crude prices have... More


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Bahrain

Dilmunia Canal Bahrain's Newest Attraction
08/03/2021 05:19 GMT

People in Bahrain have a new destination to flock to over the weekends: the Dilmunia Canal, Phase 1 of which was announced open for the public. The much-awaited project will be celebrated with a... More


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Egypt

Extra Time for SDX on Egypt’s West Gharib
08/03/2021 05:18 GMT

SDX Energy Plc announced that it has received final approval from the Egyptian authorities to extend the Production Services Agreements governing its producing Meseda and Rabul oil fields in its West... More


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Iran

Tehran, Baghdad Discuss Release of Iran’s Frozen Assets
09/03/2021 07:13 GMT

Iranian Ambassador to Iraq Iraj Masjedi and the neighboring Arab country’s Finance Minister Ali Abdul-Amir Allawi conferred on the releasing of Tehran’s frozen funds a day after it said US$3 billion... More


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Iraq

Tehran, Baghdad Discuss Release of Iran’s Frozen Assets
09/03/2021 07:13 GMT

Iranian Ambassador to Iraq Iraj Masjedi and the neighboring Arab country’s Finance Minister Ali Abdul-Amir Allawi conferred on the releasing of Tehran’s frozen funds a day after it said US$3 billion... More


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Kuwait

Expats in Kuwait Allowed to Transfer Work Permit from Govt. to Private Sector
08/03/2021 05:16 GMT

Kuwait's Public Authority for Manpower (PAM) announced that expats working in the government sector are able to transfer their work permits to the private sector. In a statement, PAM pointed out that... More


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Libya

Libya’s Unity Govt. to restore Oil & Gas Ministry
08/03/2021 08:31 GMT

The new Libyan unity government will restore an oil and gas portfolio as one of 27 ministries to administer the war-ravaged OPEC member until December elections, according to the office of the prime... More


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Oman

Oman's Madayn Sees Commercial Tower Completion in 2022
09/03/2021 06:33 GMT

Oman's Public Establishment for Industrial Estates (Madayn) said work is in progress at its Facility Building coming up within the Al Mazunah Free Zone. Valued at more than RO3 million (US$7.7... More


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Qatar

Doha-Based MPHC Announces 2020 Profit
09/03/2021 05:41 GMT

Mesaieed Petrochemical Holding Company (MPHC), one of the region’s premier diversified petrochemical conglomerates based in Qatar, has announced a net profit of QR532 million (US$147.413 million) for... More


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Saudi Arabia

KSA’s Oil Exports Normal Following Yemeni Houthi Attacks
09/03/2021 07:29 GMT

Crude exports from Saudi Arabia's oil terminals at Ras Tanura were proceeding normally on March 8, according to commodity data company Kpler, a day after a drone attack targeted the port but did no... More


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UAE

Shurooq Opens Parks in Sharjah
09/03/2021 06:33 GMT

Sharjah Investment and Development Authority (Shurooq) has announced the opening of two new parks - Kshisha and Shaghrafa - in the Al Rahmaniyah neighborhood in Sharjah, of which one is a female-only... More


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Yemen

KSA’s Oil Exports Normal Following Yemeni Houthi Attacks
09/03/2021 07:29 GMT

Crude exports from Saudi Arabia's oil terminals at Ras Tanura were proceeding normally on March 8, according to commodity data company Kpler, a day after a drone attack targeted the port but did no... More


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General News

OPEC+ Decision Positive Step: Oman
08/03/2021 09:50 GMT

The Omani government has greeted Thursday’s decision by the OPEC+ alliance to maintain production cuts through April as a “positive step” that helped propel international oil prices to their highest... More


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