Algeria

Comintal Algeria Pens Agreement with GRTG
24/06/2018 09:29 GMT

Algeria Telecom stands to benefit from spare fiber optic network infrastructure as a direct result of a 10-year deal penned between telecommunications infrastructure company Comintal Algeria and... More


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Bahrain

Bahrain Mulling Free Petrol for Citizens
24/06/2018 05:15 GMT

In a move to counter the rising cost of living and fuel prices, Bahrain mulls giving its citizens 100 liters of free petrol every month. The free proposal, which will be voted on by Council of... More


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Egypt

Egypt's Fuel Subsidy Reform Credit Positive
25/06/2018 04:23 GMT

Egypt’s new government, which was sworn in last Thursday, increased fuel prices by 35.0%-66.6% last Saturday with immediate effect. The price hike is part of the reform agenda agreed with the... More


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Iran

New WEP Offshoot to Tabriz Petchem Complex Makes Progress
25/06/2018 05:49 GMT

Managing Director of the Tabriz Petrochemical Company Siavash Derafshi said that the construction of a new offshoot from the West Ethylene Pipeline (WEP) with 156 kilometers long started late August... More


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Iraq

Oryx: Successful Appraisal Well at Iraqi Field
25/06/2018 04:23 GMT

Oryx Petroleum has announced an update on the drilling of an appraisal well targeting the Tertiary reservoir at the Banan field in the Hawler license area in the Kurdistan Region of Iraq. As at... More


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Kuwait

Boursa Kuwait Eyes MSCI Emerging Markets Status
24/06/2018 09:00 GMT

Morgan Stanley Capital International (MSCI) has announced that it will include the Boursa Kuwait in the MSCI Kuwait Index in its 2019 Annual Market Classification Review for a potential... More


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Libya

Libya's NOC Confirms LNA Control of Oil Ports, Hopes for Quick Restart
24/06/2018 06:43 GMT

The head of Libya's National Oil Corporation (NOC) confirmed on Friday that Khalifa Haftar's Libyan National Army (LNA) had regained control of the key oil ports of Ras Lanuf and Es Sider, and said... More


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Oman

Iranian Petchem Co. Opens Commercial Office in Oman
24/06/2018 08:06 GMT

Commercial Manager of the Amir Kabir Petrochemical Company Hamid-Reza Rastegar said that the company opened a commercial office in Oman in order to manage the effect of sanctions, to diversify its... More


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Qatar

Qatari Banks Cancel 3-Way Merger as GCC Boycott Bites
24/06/2018 09:02 GMT

Three of the Qatar’s leading banks - Masraf Al Rayan (MAR, A1 negative, baa21), Barwa Bank Q.S.C. (A2 negative, baa3) and International Bank of Qatar Q.S.C. (IBQ, A2 negative, baa3) called off the... More


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Saudi Arabia

KSA Pledges Measurable Oil Supply Boost as OPEC, Russia Agree Deal
24/06/2018 08:23 GMT

OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers. The Organization... More


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UAE

UAE, South Africa Sign Deal for Space Exploration
24/06/2018 09:02 GMT

The UAE Space Agency has signed its first memorandum of understanding (MoU) with the South Africa National Space Agency (Sansa) that outlines a framework for cooperation in the peaceful exploration... More


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Yemen

Missile Launched at Saudi Aramco Facility, Yemeni Houthis Say
20/06/2018 07:16 GMT

The Iran-aligned Houthi movement in Yemen said it launched a missile targeting a facility of oil firm Aramco in Asir in southwestern Saudi Arabia, Houthi-run media al-Masirah TV and SABA reported on... More


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General News

Qatari Banks Cancel 3-Way Merger as GCC Boycott Bites
24/06/2018 09:02 GMT

Three of the Qatar’s leading banks - Masraf Al Rayan (MAR, A1 negative, baa21), Barwa Bank Q.S.C. (A2 negative, baa3) and International Bank of Qatar Q.S.C. (IBQ, A2 negative, baa3) called off the... More


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