Algeria

Algeria Hosting Foreign Ministers on Libya Crisis
23/01/2020 11:28 GMT

Algeria hosted foreign affairs ministers from countries bordering Libya to discuss the conflict on Thursday, its Foreign Ministry said. Ministers from Egypt, Tunisia, Sudan, Chad, Mali and Niger are... More


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Bahrain

Bahrain Bourse 2nd-Best Performing Market in GCC
26/01/2020 05:13 GMT

The Bahrain All Share index, the bellwether of the Bahrain Bourse (BHB), was the second-best performing market in the GCC in 2019, after remaining range bound in 2018. According to Kamco Research, a... More


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Egypt

Egypt Gas Board Gives Nod to Taking Part in Establishment of New JV
23/01/2020 10:24 GMT

The board of directors of Egypt Gas has approved a decision to take part in establishing a joint stock company for producing molasses-based bioethanol. The gas firm decided to contribute us$6 million... More


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Iran

Iran's Garment Output Rises in 9 Months On Year
26/01/2020 06:07 GMT

Iranian Industry, Mine & Trade Minister Announced that the country’s garment output has risen 20% during the first nine months of the current Iranian calendar year (March 21-December 21, 2019), IRIB... More


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Iraq

Iraq Approves Delayed Gas Deals Aiming to Avoid Sanctions
26/01/2020 06:19 GMT

Iraq's cabinet has greenlighted the drilling of several gas blocks nearly two years after the contracts were first awarded, as the country seeks to lessen its energy dependence on Iranian supplies... More


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Kuwait

Official: Trade between Iran, Kuwait can reach US$2 billion in Five Years
26/01/2020 05:27 GMT

Iran and Kuwait can boost annual trade transactions with each other to US$2 billion, from the current figure of US$250 million, by setting out a five-year vision, said an Iranian official. This is... More


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Libya

Algeria Hosting Foreign Ministers on Libya Crisis
23/01/2020 11:28 GMT

Algeria hosted foreign affairs ministers from countries bordering Libya to discuss the conflict on Thursday, its Foreign Ministry said. Ministers from Egypt, Tunisia, Sudan, Chad, Mali and Niger are... More


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Oman

OOMC Inks Fuel Supply Deal with Port of Duqm
23/01/2020 09:52 GMT

As part of efforts to broaden its services and serve Oman’s expanding fuel requirements, Oman Oil Marketing Company (OOMC) has entered into a long-term fuel supply agreement with the Port of Duqm.... More


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Qatar

Qatari Firm Ranks 6th Among Top 50 Listed Property Firms in ME
23/01/2020 05:21 GMT

Barwa Real Estate Group ranked 6th in the 2019 top 50 listed property companies in the Middle East, according to a report published by Forbes Middle East magazine. The ranking featured the top 50... More


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Saudi Arabia

First Millennium Central Hotel to Debut in KSA
26/01/2020 05:10 GMT

Millennium Hotels & Resorts Middle East has announced the signing of its first Millennium Central property in Saudi Arabia in partnership with Hasaad Real Estate, on stage at the Saudi Arabia... More


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UAE

Dubai Islamic Bank Completes Acquisition of Noor Bank
26/01/2020 05:13 GMT

Dubai Islamic Bank (DIB) has announced the completion of the acquisition of Noor Bank in a transaction structured through a share swap, after securing necessary approvals from the relevant regulatory... More


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Yemen

UN Investigators Find Yemen's Houthis Did Not Carry Out Saudi Oil Attack
12/01/2020 06:02 GMT

Yemen’s Houthi group did not launch an attack on Saudi Arabia’s oil facilities in September, according to a confidential report by U.N. sanctions monitors seen by Reuters on Wednesday, bolstering a... More


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General News

Barkindo: Too Early to Talk about OPEC+ Deal Extension Until End-2020
26/01/2020 06:14 GMT

OPEC Secretary-General Mohammad Barkindo said on Thursday it was premature to talk about the possibility of a global deal on oil production curbs being extended until the end of this year, TASS news... More


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