Algeria

Housing Units Delivered Nationwide in Algeria
26/05/2019 08:33 GMT

The minister of Housing, Urban Planning and City, Kamel Beldjoud, launched Saturday, in Algiers, the delivery of keys to 4,759 subscribers of AADL housing program in many parts of the country. A... More


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Bahrain

Bahrain-Based Investcorp to Acquire Capital Advisory Firm
27/05/2019 03:16 GMT

Bahrain-based Investcorp, a leader in alternative investment products, has entered into an agreement to acquire Mercury Capital Advisors (Mercury), one of the world’s leading institutional capital... More


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Egypt

Egypt Buys Local Wheat
27/05/2019 03:16 GMT

Egypt, the world’s largest wheat importer has bought 2.7 million tons of wheat from its farmers so far this season, the state-owned Al Akhbar newspaper said on Sunday. Egypt has said it aims to... More


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Iran

Production & Exports Hit Record at Iranian Petchem Co.
26/05/2019 09:17 GMT

Pardis Petrochemical Company, hit new records in 1397 (March 2018-19) in urea & ammonia production and exports. Urea exports hit annual record, urea & ammonia production hiked 32% and 21%,... More


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Iraq

Tribalco Bags Iraq Deal
26/05/2019 08:31 GMT

Tribalco LLC, Bethesda, Maryland, has been awarded a US$14,425,217 firm-fixed-price Foreign Military Sales (Iraq) contract for computer hardware, services and MEMEX software. One bid was solicited... More


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Kuwait

Sharp Fall in Kuwaiti Equate’s Q1 Net Income
27/05/2019 03:16 GMT

The Equate Group, a global producer of petrochemicals, today announced a net income after tax of US$183 million for Q1 2019, a 57% decrease from US$435 million in the same period last year. The Q1... More


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Libya

Libya's NOC Says Plans to Develop North Hamada
26/05/2019 07:39 GMT

Libya's state-run National Oil Corp (NOC) plans to start developing the North Hamada Oil Field, in the northwest of the country, NOC said in statement on Friday. "A technical team held a workshop on... More


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Oman

Oman LNG Signs Natural Gas Liquids Sales Agreement with Oman Oil
26/05/2019 07:01 GMT

Oman LNG has signed an agreement committing its output of Natural Gas Liquids (NGL) — a byproduct of its gas liquefaction operations — to Oman Oil and Orpic Group. The Sales and Purchase Agreement... More


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Qatar

Qatari Firm in Deals to Purchase Modern Dry Bulk Carriers
27/05/2019 03:16 GMT

S’hail Shipping has entered into agreements to purchase two modern dry bulk carriers worth nearly QR75 million (US$20.7 million). This was announced by Mohamed Khalifa al-Sada, S’hail Shipping... More


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Saudi Arabia

Saudi Aramco Starts Fuel Trading from UAE with ex-BP, Pemex Hires
27/05/2019 06:26 GMT

Saudi Aramco hired two Singapore-based traders and began dealing in fuel at the Middle East’s main bunkering port as the world’s biggest oil exporter expands further into the trading... More


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UAE

Saudi Aramco Starts Fuel Trading from UAE with ex-BP, Pemex Hires
27/05/2019 06:26 GMT

Saudi Aramco hired two Singapore-based traders and began dealing in fuel at the Middle East’s main bunkering port as the world’s biggest oil exporter expands further into the trading... More


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Yemen

Yemeni Houthis Launch Drone Attack on Saudi Airport
22/05/2019 05:57 GMT

Yemen’s Iran-aligned Houthi movement launched a drone attack on Saudi Arabia’s Najran airport, the group’s Al Masirah TV said early on Wednesday. It said it targeted hangars containing war planes.... More


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General News

Expedia Continues Big Push into Mideast
27/05/2019 03:18 GMT

Expedia, one of the world's leading travel companies, is ramping up efforts to position itself as the leader in the online travel booking space, especially in the Middle East, which is picking up the... More


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