Algeria

Transneft Grabs Algeria Deals
13/12/2018 10:24 GMT

Algerian energy giant Sonatrach on Wednesday signed two contracts with the Russian transport company Transneft over security of liquid fuel transport for the Sonatrach pipeline transport, APS News... More


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Bahrain

Lulu Opens New Hypermarket in Bahrain
09/12/2018 05:11 GMT

Lulu Group, a retail giant in the Middle East, has further expanded its presence in Bahrain by opening its latest hypermarket in the newly opened Atrium Mall in Saar. The new hypermarket which is... More


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Egypt

Egypt Keen on Higher Production at Zohr
13/12/2018 11:04 GMT

Egypt is currently accelerating the manufacturing of the fifth, sixth, and seventh production units at the supergiant offshore gas field Zohr in Port Said, the Egyptian petroleum minister said. The... More


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Iran

Iran & Oman Launch Direct Sea Route
13/12/2018 10:43 GMT

Iran and Oman launched a direct sea route between their strategic ports which would facilitate trade exchanges between the two countries, said a senior official from Hormuzgan Province. Director... More


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Iraq

EU, World Bank Support Iraq Energy Sector Reforms
13/12/2018 05:26 GMT

In the framework of the financing agreement signed by the Government of Iraq (GoI) and the European Union (EU) committing €14 million to support the government’s efforts to ensure increased and more... More


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Kuwait

Kuwaiti JV Refinery Project Begins Operation in Vietnam
13/12/2018 05:26 GMT

Vietnam’s new oil refinery jointly owned by the Kuwaiti, Japanese and Vietnamese companies has begun commercial operation, Japan’s leading refiner Idemitsu Kosan Company announced. The 200,000... More


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Libya

UNSMIL Comments on Deteriorating Situation in Southern Libya
13/12/2018 09:57 GMT

The United Nations Support Mission in Libya (UNSMIL) expresses its strong condemnation of Sunday’s consecutive, but unrelated, attacks against civilians and facilities in the South of Libya and calls... More


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Oman

Iran & Oman Launch Direct Sea Route
13/12/2018 10:43 GMT

Iran and Oman launched a direct sea route between their strategic ports which would facilitate trade exchanges between the two countries, said a senior official from Hormuzgan Province. Director... More


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Qatar

Qatar Chamber & Paltrade Ink MoU
13/12/2018 10:14 GMT

Qatar Chamber and the Palestine Trade Council (Paltrade) signed an agreement to strengthen Qatar-Palestine private sector co-operation and to promote partnerships between companies from both... More


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Saudi Arabia

Riyadh-Based SDB, Al Yusr Ink Deal
13/12/2018 09:26 GMT

The Riyadh-based Social Development Bank (SDB) and Al Yusr Leasing and Financing Company, in the presence of Small & Medium Enterprises General Authority “Monsha’at”, signed a strategic financing... More


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UAE

Arada Awards Sharjah Deals
13/12/2018 09:33 GMT

The UAE's newest developer Arada has awarded three main construction contracts at its two record-breaking projects, Aljada and Nasma Residences, in the northern emirate of Sharjah. Together these... More


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Yemen

Houthis Reject Govt. Proposals over Sanaa Airport in Yemen Peace Talks
09/12/2018 05:09 GMT

Yemen’s Saudi-backed government has proposed reopening the Houthi-held airport in the capital Sanaa on condition planes are inspected in the airports of Aden or Sayun which are under its control, two... More


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General News

OPEC Says It Replaced Iran Oil Loss
13/12/2018 09:20 GMT

In a monthly report, the Organization of the Petroleum Exporting Countries said 2019 demand for its crude would fall to 31.44 million barrels per day, 100,000 bpd less than predicted last month and... More


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