Algeria & Germany Call for Expanding Trade Ties
18/09/2014 07:38 GMT

Participants in the Algerian-German economic conference in Hamburg (Germany) on 15 and 16 September called for the strengthening of economic cooperation between the two countries, Association for... More

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Bahrain & Kazakhstan Trade Ties Discussed
18/09/2014 10:07 GMT

Industry and Commerce Minister Dr. Hassan Fakhro chaired a meeting to follow up results of His Majesty King Hamad's visit to Kazakhstan, which resulted in many agreements in various areas of... More

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Minister Predicts Growth for Egypt
18/09/2014 07:50 GMT

Egypt's finance minister is predicting growth rates of up to 6% within three years, which would mark a major turnaround following three years of political turmoil that has crippled the economy. Hany... More

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Another Part of Iran’s Frozen Assets Released
18/09/2014 10:09 GMT

The third tranche of Iran’s frozen assets was released on 17 September 2014 as agreed upon in the interim nuclear deal between Tehran and the P5+1 group, the Central Bank of Iran (CBI) said. The CBI... More

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Water Shortage Threatening Iraq's Oil Output Plans
18/09/2014 05:20 GMT

Lack of water threatens Iraq's plans to raise its oil output, boost its stumbling economy and become a leading producer in the region after Saudi Arabia. A multi-billion-dollar common seawater... More

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Kuwait Airways Studying Offer to Buy Boeing 777s
18/09/2014 09:14 GMT

Kuwait Airways is studying an offer to buy 10 Boeing 777 passenger jets, the chairwoman of the carrier said, confirming local news reports about the possible deal. The deal might be valued at about... More

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Libyan Oilfield Not Closed, Output Fluctuating
18/09/2014 05:16 GMT

Libya's El Sharara oilfield is still operating but its production is fluctuating, a spokesman for state-run National Oil Corp (NOC) said. "Output is fluctuating, falling and rising," NOC spokesman... More

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BP Oman Signs Pacts to Develop Enterprises
18/09/2014 04:57 GMT

As part of BP Oman’s Social Investment Program, Sharakah, signed agreements with four partnering companies, under the auspices of Talal bin Sulaiman al Rahbi, Deputy Secretary-General of The Supreme... More

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Qatar Investment Fund Announces Returns to Shareholders
18/09/2014 05:24 GMT

Qatar Investment Fund (QIF), the London-listed fund established to invest in opportunities in Qatar and the GCC region, has announced about 22% returns to its shareholders for the year ended June 30,... More

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Saudi Arabia

Saudi Council to Consider Tax on Unused Urban Land
18/09/2014 09:18 GMT

Saudi Arabia's Supreme Economic Council, a top policy body chaired by King Abdullah, will study whether to tax undeveloped urban land as part of efforts to end a serious housing shortage in the... More

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Global Airline Alliances Model Fractured: UAE's Etihad CEO
18/09/2014 09:16 GMT

The head of Abu Dhabi's Etihad Airways dismissed global airline alliances pursued by some rivals as a 'fractured' model showing signs of strain, adding his GCC carrier would instead invest in equity... More

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Yemen, US Discuss Oil & Gas Investment Cooperation
16/09/2014 05:07 GMT

Oil and Minerals Minister Hussein al-Kaf discussed with US ambassador to Yemen Matthew Tueller mutual investment cooperation relations in oil and gas sectors. During the meeting, al-Kaf stressed the... More

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General News

IDB Sets Sukuk Pricing
18/09/2014 10:05 GMT

The Islamic Development Bank (IDB) is aiming to price a US dollar-denominated Sukuk of benchmark size and five years duration, after releasing initial price guidance for the issue. The institution is... More

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