Economy Diversification by Algeria to Tackle Oil Price Fall
28/04/2016 07:16 GMT

Algeria has taken necessary measures to face the decline in oil prices by banking on the diversification of production and broadening foreign partnerships, including with Russia, said in Moscow Prime... More

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Premier: Bahrain to Overcome Challenges
28/04/2016 04:36 GMT

Challenges, no matter how severe they may be, will not dissuade Bahrain from continuing on the path of comprehensive development to achieve a better future for the nation and the people, His Royal... More

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IPO Activity in MENA to be Led by KSA, Egypt
28/04/2016 07:02 GMT

The Middle East and North Africa (MENA) region witnessed only two IPOs raising US$615 million in Q1 2016, representing another quarter with limited IPO activity, according to EY. Capital raised... More

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IRISL Resumes Routes to Various Destinations across Europe
28/04/2016 07:49 GMT

The Islamic Republic of Iran Shipping Lines (IRISL) has resumed its routes to various destinations across Europe, the IRISL managing director Mohammad Saeedi said. Iran’s shipping lines to Europe had... More

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Erbil Launches Provincial Development Strategy
27/04/2016 08:23 GMT

At an official ceremony at Erbil’s historic Citadel, the Governorate of Erbil launched its Provincial Development Strategy. The ceremony was presided over by H.E. Prime Minister of the Kurdistan... More

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Kuwaiti KNPC Signs Multi-Billion Dollar Loan for Clean Fuel Project
28/04/2016 08:16 GMT

Kuwait National Petroleum Company (KNPC) has signed the first tranche of financing for its multi-billion-dollar Clean Fuels Project. The first portion, coming from local lenders and lasting for 10... More

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Eastern Libya Ships 1st Oil Cargo in Defiance of Tripoli
27/04/2016 05:20 GMT

A government based in eastern Libya has shipped its first cargo of crude in defiance of authorities in the capital Tripoli, a bold move that could deepen the divisions that have brought chaos since... More

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Omani PDO after Bolstering Crude Output
28/04/2016 06:37 GMT

PDO is exploring a new play that is seen as a key potential contributor to its goal to bolster crude output at a sustained 600,000 bpd over the coming years. The majority government-owned oil and... More

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Qatar's Ooredoo Reports Increase in Net Profit
28/04/2016 07:45 GMT

Ooredoo Group’s first-quarter (Q1) net profit has jumped 75% year-on-year (y-o-y) to QR879 million (US$241.37 million) as the telecom major benefited from “favorable foreign exchange rates in Myanmar... More

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Saudi Arabia

Saudi Aramco Plans to Set Off Diversification of Business
28/04/2016 07:12 GMT

Saudi Aramco, the biggest energy company, outlined financing plans that will support its expansion into new areas under a sweeping economic reform plan released by Riyadh this week. The reforms... More

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UAE Carrier Signs Deal with Global Risk Management Firm
28/04/2016 07:51 GMT

UAE's Etihad Airways has selected OpenLink, a global leader in trading and risk management solutions to the energy, commodities, corporate, and financial services industries, for commodities,... More

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Govt. Forces, Emirati Allies Take Control of Yemeni Oil Export Terminal
26/04/2016 05:44 GMT

Yemeni government forces and their Emirati allies took control of the country's largest oil export terminal from al Qaeda on Monday, Yemeni security officials said, a day after sweeping the militant... More

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General News

Marriott Preparing for Significant Growth in MENA
28/04/2016 07:06 GMT

Marriott International is preparing for significant growth within the Middle East and Africa (MEA), announcing the signing of a 300-suite Marriott Executive Apartments and unveiling plans to open 17... More

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