Algeria

Iran, Algeria to Expand Oil Cooperation
20/11/2017 08:48 GMT

Iran's ambassador to Algeria Reza Ameri met Algerian Energy Ministry Mustapha Guitouni. In the meeting, Ameri pointed to the two countries' constructive cooperation in OPEC and put an emphasis on... More


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Bahrain

PHD Chamber Opens 1st Intl. Office in Bahrain
20/11/2017 08:46 GMT

PHD Chamber of Commerce and Industry, a leading industry chamber in India with over 112 years of history, has opened its first international office in Bahrain to promote bilateral trade between India... More


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Egypt

Renaissance Capital Bets on Egypt as ME Risk Rises
20/11/2017 10:40 GMT

Renaissance Capital, the investment bank owned by Russian billionaire Mikhail Prokhorov, is taking a long-term bet on Egypt even as tensions in the region are on the rise. “A lot of the global... More


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Iran

Zanganeh: Iran Gas Deal with Total under Implementation
20/11/2017 11:08 GMT

Oil Minister Bijan Zanganeh, on the sidelines of a ceremony for signing an MoU with Mostazafan Foundation regarding feasibility study on feed supply to Fajr-e Jam Gas Refinery, told reporters that... More


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Iraq

Zhenhua Oil to Supply Diesel to Iraqi SOMO
19/11/2017 09:47 GMT

Sources have told Reuters that China’s state-run Zhenhua Oil will supply diesel (500 parts per million (ppm) sulfur) to Iraq’s State Oil Marketing Organization (SOMO) through a term contract for the... More


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Kuwait

Kuwait & Egypt Pen Loan Agreement
20/11/2017 09:34 GMT

The Kuwait Fund for Arab Economic Development, (KFAED) on Sunday signed a loan agreement with Egypt worth KD12.5 million (US$42.5 million) to fund a project that will provide drinking water in the... More


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Libya

Libyan NOC to Open US Purchase Office
16/11/2017 05:52 GMT

Libya's National Oil Corp plans to open a U.S. procurement office, its first international facility since a 2011 revolt left the country in disarray, to expand suppliers and convince the Trump... More


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Oman

Muscat City Desalination IPO Opens for Subscription
19/11/2017 11:08 GMT

Muscat City Desalination Company (MCDC) SAOG (under transformation) has announced the opening of its Initial Public Offering (IPO) for subscription from today, November 19, 2017. Bank Muscat is the... More


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Qatar

Qatari QInvest Completes US Murabaha Transaction
20/11/2017 09:38 GMT

QInvest, a leading private investment group in Qatar, has announced the exit of a real estate mezzanine murabaha transaction in the US. The transaction, backed by a diversified portfolio of 17... More


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Saudi Arabia

Suspects Offered Settlements to Avoid Trial: Saudi Official
20/11/2017 10:36 GMT

Saudi authorities estimate they may be able to recover between US$50 billion and US$100 billion from settlement agreements with suspects detained in an anti-corruption crackdown that has implicated... More


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UAE

Geopolitics Weigh on Region, UK Sukuk Ruling Hits UAE’s Dana Gas
20/11/2017 10:29 GMT

Middle Eastern stock markets generally fell on Sunday, weighed down by geopolitics and concern about Saudi Arabia’s anti-corruption crackdown, while Dana Gas shares sank in Abu Dhabi because of a... More


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Yemen

Yemeni Govt. to Prosecute Illegal Foreign Exchange Dealers
23/10/2017 08:47 GMT

The Saudi-backed government in Yemen has threatened to arrest foreign exchange dealers trading the rial illegally as part of its efforts to prevent a further decline in the value of the country’s... More


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General News

Renaissance Capital Bets on Egypt as ME Risk Rises
20/11/2017 10:40 GMT

Renaissance Capital, the investment bank owned by Russian billionaire Mikhail Prokhorov, is taking a long-term bet on Egypt even as tensions in the region are on the rise. “A lot of the global... More


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