Algeria

Cars Held Up in Ports Addressed Soon: Algerian Minister
06/07/2015 04:50 GMT

The issue of cars held up in some ports, following the implementation of the new car dealer specifications, is to be resolved in the next few days, Minister of Industry and Mines Abdessalam... More


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Bahrain

Bahraini Govt. Body Passes Budget after Half-Year Delay
07/07/2015 08:29 GMT

Bahrain's top government advisory body has passed a state budget for 2015 and 2016 after a six-month delay during which parliament forced changes to the plan, underlining the heavy financial pressure... More


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Egypt

Kuwaiti Bank to buy Greek Bank's Unit in Egypt
07/07/2015 07:48 GMT

Kuwait's Al Ahli Bank received approval from the country’s central bank to buy Piraeus Bank's Egyptian unit, the bank announced. Al Ahli Bank was still waiting for assent from Egypt's central bank... More


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Iran

German, Italian Delegations Set to Visit Iran
07/07/2015 08:14 GMT

Germany is in correspondence with Iran to dispatch a high-ranking delegation to Tehran, said Iran’s Deputy Minister of Industry, Mine, and Trade. Hossein Esfahbodi added a 300-member Italian team is... More


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Iraq

European Firms Cut Tanker Loading as Kurdish Oil Sales Increase
07/07/2015 06:47 GMT

Oil firms BP and Eni have cancelled more tanker loadings from the Turkish port of Ceyhan due to a lack of oil in tanks owned by Iraqi state oil firm, Somo, after Iraq's semi-autonomous region of... More


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Kuwait

Kuwaiti Bank to buy Greek Bank's Unit in Egypt
07/07/2015 07:48 GMT

Kuwait's Al Ahli Bank received approval from the country’s central bank to buy Piraeus Bank's Egyptian unit, the bank announced. Al Ahli Bank was still waiting for assent from Egypt's central bank... More


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Libya

Official: Libya's AGOCO Production Ongoing
01/07/2015 04:16 GMT

Libyan oil company AGOCO is producing 250,000 to 290,000 barrels per day (bpd) with a tanker loading 1 million barrels of crude at the oil port of Hariga, a spokesman said. Production and exports... More


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Oman

Oman's Renaissance Gets Nod to Issue Bonds
07/07/2015 07:01 GMT

Renaissance Services shareholders have approved plans for the company to buy back mandatory convertible bonds issued in 2012 and issue perpetual bonds, the Omani firm said. Shareholders endorsed the... More


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Qatar

Telecom Co. Answers Call of Qatari Firms for IT Security
07/07/2015 08:00 GMT

Ooredoo has continued to enhance its managed security service portfolio, in response to growing demand from Qatar companies looking to protect their businesses from hackers and cyber... More


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Saudi Arabia

Real Estate Firm, Alinma Ink Land Deal in KSA’s Riyadh
07/07/2015 07:50 GMT

Saudi Real Estate Company has signed an agreement with Alinma Investment, a unit of Alinma Bank, to jointly buy US$480 million of land in Riyadh, it said in a statement. The company did not name the... More


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UAE

Iran, among UAE’s Top Trade Partners
07/07/2015 06:38 GMT

The value of non-oil trade between Iran and the United Arab Emirates reached US$17 billion in 2014, making Iran, Dubai’s fourth trading partner, according to sources at the UAE Ministry of Finance.... More


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Yemen

Surging Water Price Hits Yemen
30/06/2015 04:52 GMT

The price of water is rising steeply in Yemen, which may run out of water for its 25 million people, experts say, adding to the misery caused by Arab air strikes and the civil war ravaging one of the... More


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General News

Report on ME Construction Dispute Value
07/07/2015 05:07 GMT

The total value of disputes relating to major construction projects in Middle East increased significantly to US$76.7 million in 2014 compared to the previous year, Arcadis, the global natural and... More


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