Algeria

OPEC, Non-OPEC Talks Intensify Ahead of Algiers Summit
20/09/2018 04:32 GMT

With a critical meeting in Algiers fast approaching, a fractured OPEC and its allies are still searching for consensus on how members with spare output capacity can equitably distribute the extra... More


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Bahrain

Ithmaar, Eazy Financial Services to Launch Biometric Payment Network in Bahrain
20/09/2018 04:34 GMT

Ithmaar Bank and Eazy Financial Services announced plans to launch the region’s first biometric payment network, supported by the Labor Fund “Tamkeen”, providing a new and more efficient alternative... More


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Egypt

Egypt Sees Surge in Share Offerings, Testing Market
20/09/2018 04:34 GMT

A surge of new shares offerings over the next few months will test whether Egypt can withstand emerging market contagion after currency crises that rattled Turkey and Argentina last month. The... More


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Iran

Specialized Workgroups Formed at National Iranian Gas Company
18/09/2018 09:43 GMT

Secretary of efficiency commission at the National Iranian Gas Company (NIGC) Majid Keshavarz said that specialized efficiency workgroups have been formed. He explained that a specialized... More


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Iraq

IOCs to Discuss Basra’s Oil & Gas Megaprojects
20/09/2018 03:42 GMT

The 5th annual CWC Basra Megaprojects Conference – Oil, Gas & Environment will be held from 9-10 October in Istanbul, Turkey chaired by the EU Ambassador to Baghdad, Ramon Blecau. In a show of... More


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Kuwait

Kuwaiti KOC Opens Door for Development of New Projects
18/09/2018 08:11 GMT

The Kuwait Oil Company (KOC) has opened the door for the development and execution of a number of future projects for registered international specialized contractors according to the specific... More


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Libya

Attack on Libyan NOC HQ Pushes Up Mediterranean Sweet Crude Oil Prices
12/09/2018 07:38 GMT

Uncertainty over the reliability of crude oil loading out of Libya following an attack on the National Oil Corporation's headquarters has pushed up the market value for alternative sweet crudes in... More


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Oman

GPCA Event in Oman: Fertilizer Industry Vital to Global Food Security
20/09/2018 03:48 GMT

Fertilizer industry has a crucial role to play in addressing global food security challenges, as the world’s population continues to expand rapidly, driving demand for nutrition and resource... More


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Qatar

Qatar Airways Announces Revenue Loss
20/09/2018 04:34 GMT

Qatar Airways says it suffered a US$69 million loss this year off revenue of US$11.5 billion amid a boycott of Doha by four Arab nations. The carrier made the announcement in a statement Tuesday,... More


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Saudi Arabia

KSA in Line for Multibillion-Dollar Infrastructure Dividend
20/09/2018 04:34 GMT

Saudi Arabia stands to collect an “infrastructure dividend” worth billions as it pushes ahead with its diversification drive, powered by a localization program involving partnerships between KSA... More


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UAE

Abu Dhabi Islamic Aims to Up Lending after Capital Hike
20/09/2018 04:34 GMT

Abu Dhabi Islamic Bank expects to increase lending in 2018 after boosting its capital, its acting chief executive said, adding that the rate of profit growth will slow as the sharia-compliant bank... More


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Yemen

Yemen Central Bank Takes Steps to Face Currency Crisis
11/09/2018 10:33 GMT

The Governor of the Central Bank of Yemen, Dr. Mohammed Mansour Zammam, said on Monday that a number of steps have been taken to ease pressure on currency markets and provide basic commodities to... More


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General News

OPEC, Non-OPEC Talks Intensify Ahead of Algiers Summit
20/09/2018 04:32 GMT

With a critical meeting in Algiers fast approaching, a fractured OPEC and its allies are still searching for consensus on how members with spare output capacity can equitably distribute the extra... More


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