Algeria

Bank of Algeria Introduces Facilitation Measure for Non-Hydrocarbon Exporters
30/06/2016 08:27 GMT

The Bank of Algeria has recently introduced a facilitation measure for the non-hydrocarbon exporters by removing its previous agreement for the payment of the import bills of raw materials by these... More


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Bahrain

Bahraini Investcorp Seeking More Opportunities in KSA
30/06/2016 07:56 GMT

Investcorp is seeking more opportunities in Saudi Arabia, aiming to capitalize on the kingdom's plans for a significant reform of its economy, the co-chief executive of the alternative investment... More


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Egypt

Egypt Starts Loan Talks with IMF
28/06/2016 08:56 GMT

Egypt’s central bank has begun negotiations with the International Monetary Fund over a US$5 billion loan, a minister from Egypt’s economic group of ministers said. The negotiations, which started... More


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Iran

Iran Eyeing Iraq & Even Syria for Trade
30/06/2016 07:41 GMT

Fresh milk, antibiotics and cement: Iran finds neighboring Iraq its closest ally in the Arab world as well as a big market for its domestically produced goods. Once bitter enemies, non-Arab Iran and... More


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Iraq

Crude Exports by Iraq Set to Fall in June
30/06/2016 08:23 GMT

Iraq’s oil exports are set to decline in June for a second month, according to loading data and an industry source, adding to signs that supply growth from OPEC’s second-largest producer is slowing... More


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Kuwait

Kuwaiti Agility Forms Logistics JV in S. Africa
30/06/2016 04:55 GMT

Agility, a leading global logistics provider, has formed a joint venture (JV) in South Africa with Super Group, a Johannesburg-based supply chain management and transportation specialist, after... More


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Libya

Nepal Nationals Banned from Working in Iraq, Libya, Syria & Afghanistan
29/06/2016 04:23 GMT

Nepal has reportedly banned its nationals from working in Libya, Iraq, Syria and Afghanistan, following the killing of 13 security personnel from Nepal in a suicide attack claimed by Talban in the... More


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Oman

Fuel Prices Might Climb in Oman
30/06/2016 08:43 GMT

Fuel prices are likely to go up again in July as the Ministry of Oil and Gas is preparing to unveil the revised prices on Thursday. When announced, this will be the sixth month in a row that the cost... More


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Qatar

Karwa Pens MoU with Qatar’s Ministry of Transport
30/06/2016 08:27 GMT

The Ministry of Transport and Communications (MOTC) signed Wednesday a Memorandum of Understanding (MoU) with State Public Transport Company Mowasalat (Karwa) regarding the possession and utilization... More


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Saudi Arabia

Bahraini Investcorp Seeking More Opportunities in KSA
30/06/2016 07:56 GMT

Investcorp is seeking more opportunities in Saudi Arabia, aiming to capitalize on the kingdom's plans for a significant reform of its economy, the co-chief executive of the alternative investment... More


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UAE

Abu Dhabi Ports, Agthia Group Sign Lease Agreement
30/06/2016 08:27 GMT

Abu Dhabi Ports and Agthia Group recently signed a lease agreement aimed at expanding the group’s existing Grand Mills Flour and Animal Feed facilities at Zayed Port. The new agreement was signed by... More


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Yemen

Yemen’s Wartime Central Bank Committed to Staying Neutral
12/06/2016 10:03 GMT

As civil war engulfs Yemen, the central bank is so committed to staying neutral that it pays salaries of soldiers on both sides. The bank distributes money to public-sector workers in both government... More


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General News

ME Money-Statistics Fog Ups Risk as Weak Oil Hits GCC
30/06/2016 08:39 GMT

A sharp revision of economic data in Saudi Arabia suggests its economy may be weaker than previously thought, underlining the risks which investors in the GCC face as they try to estimate the damage... More


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