Total, Algerian Sonatrach Planning Joint Projects
14/12/2017 09:33 GMT

Algerian state energy firm Sonatrach and Total are planning to work more closely together on offshore, petrochemical, solar energy and shale exploration projects, Sonatrach’s CEO said on Wednesday.... More

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CBB Partners with Bahrain Fintech Bay
14/12/2017 11:02 GMT

The Central Bank of Bahrain (CBB) has announced a partnership on December 13 officially endorsing the launch of Bahrain FinTech Bay (BFB) and its fintech initiatives in Bahrain. The announcement is... More

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Pilot Production to Soon Start from Egypt's Zohr
14/12/2017 09:56 GMT

Egypt will test production from its giant Zohr natural gas field in a few days, according to the Ministry of Petroleum. The ENI-operated project will begin pilot production before commercial output... More

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Signing of Oil Contracts on Agenda: Iranian Minister
14/12/2017 08:50 GMT

Iranian Minister of Petroleum Bijan Namdar-Zangeneh claimed that negotiations for signing 10 oil contracts are seriously being followed up, but both domestic and international factors could affect... More

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UAE-Based Firm Grabs Basra Oil Co. Deal
14/12/2017 10:00 GMT

UAE-based oil services company Petrofac announced today the winning of a US$160 million contract from the Basra Oil Company, BOC, formerly known as the South Oil Company, in southern Iraq. The... More

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LS HongQi Secures Kuwait Cable Supply Deal
14/12/2017 10:08 GMT

LS HongQi Cable & System, the local manufacturing unit of LS C&S in China, said it has been awarded a 58 billion won (US$53 million) contract by Kuwait's Ministry of Water for supply of ultra high... More

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Libya's Nafusa Oil Operations Eyes Production from New Project
13/12/2017 08:27 GMT

Libya's Nafusa Oil Operations is hoping to produce 10,000 barrels of oil per day (bpd) of oil next year from a new project in the western Ghadames basin ( Ghadames Gas Field ), the National Oil... More

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Omani Firm Plans Waste-To-Energy Project
14/12/2017 05:17 GMT

The Oman Power and Water Procurement Company (OPWP) is planning a first of its kind ambitious waste-to-energy project in the sultanate, and will commission a feasibility study for the project soon,... More

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Qatar to Deepen Venture Capital Financing for SMEs
14/12/2017 11:18 GMT

Qatar seeks to deepen venture capital financing for small and medium enterprises (SMEs), including startups, while looking to develop the regulatory framework to support capital market renminbi (RMB)... More

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Saudi Arabia

Stimulation Plan Gets Saudi King's Nod
14/12/2017 10:25 GMT

Saudi Arabia's King Salman bin Abdulaziz Al Saud has issued a royal decree approving the private sector stimulation plan and allocating a total of SR72 billion (US$19.2 billion) for the plan. The... More

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Strong Interest as Abu Dhabi’s ADNOC Distribution Listed
14/12/2017 11:06 GMT

Investor interest was strong Wednesday as Abu Dhabi’s state energy company listed a stake in its retail distribution arm, the first time the emirate has sold shares in one of its oil firms. The Abu... More

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UAE Refutes Missile Attack Claim by Yemeni Houthis
04/12/2017 10:51 GMT

The United Arab Emirates has denied a claim by Yemen's Houthi rebels that a missile fired by them had targeted the country's under-construction nuclear plant. Houthis had claimed on 3 December that... More

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General News

MENA Construction Sector to Outpace Global Growth
14/12/2017 05:35 GMT

The construction sector in the Middle East and North Africa (MENA) region is set to outpace the global growth, expanding by 5.8 % in 2018 to hit US$225 billion, according to BMI Research, a Fitch... More

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