New Cities, Major Urban Poles to Benefit from Effective Support: Algerian Minister
12/07/2018 06:46 GMT

Minister of Housing , Urban Planning and the City Abdelwahid Temmar affirmed Tuesday, in Annaba, that the management of the new cities and major urban poles constitutes, for his department, “a high... More

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VIVA Enters Into Long-Term Partnership with Sofitel Bahrain
15/07/2018 08:24 GMT

VIVA Bahrain has entered into a long-term partnership with Sofitel Bahrain Zallaq Thalassa Sea and Spa. This is part of the telecom company’s effort to equip Bahrain’s key business industries with... More

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Egyptian General Petroleum Corp. Hires HSBC to Raise Loan
15/07/2018 05:58 GMT

Egyptian General Petroleum Corp (EGPC) has hired HSBC to arrange a loan of around US$1 billion, five banking sources familiar with the matter said, the latest sign of international banks' increased... More

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US Investment in Iran LNG Sector Only a Proposal: Official
15/07/2018 08:14 GMT

Managing Director of National Iranian Gas Export Company (NIGEC) Mehran Amir-Moeini said no instruction has been issued for holding negotiations with US on its participation in Iran LNG industry,... More

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ONEm Partners with Asiacell Iraq
15/07/2018 08:18 GMT

UK-based ONEm is partnering with Asiacell to bring unlimited news and entertainment content from Reuters to Iraq. Asiacell subscribers can now exclusively access global news on any mobile device. The... More

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Kuwait Fund Inks Loan for Egyptian Wastewater Treatment
15/07/2018 05:52 GMT

Kuwait Fund for Arab Economic Development (KFAED) on Thursday (12 July) signed a KD50 million (US$170 million) loan for the Egyptian government, which will contribute to the construction of a sewage... More

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Production Cut at Libyan Field after Workers Abducted
15/07/2018 08:10 GMT

Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National... More

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Man Energy Solutions Bags Oman LNG Deal
15/07/2018 08:08 GMT

German multinational firm MAN Energy Solutions has won an order from Oman Liquefied Natural Gas LLC (Oman LNG) to equip a new power plant with nine MAN 51/60 gas engines. The contract was signed by... More

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Qatari Nakilat’s Profits Rise in Q1
15/07/2018 09:30 GMT

Nakilat has recorded a net profit of QR445 million (US$122.2 million) for the first half of the year ended 30 June 2018, an increase of 9%, compared to QR409 million (US$112.3 million) posted during... More

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Saudi Arabia

KSA to Invest in S. Africa, Focus on Energy
15/07/2018 05:50 GMT

Saudi Arabia will invest at least US$10 billion in South Africa, mostly in the energy sector, including building oil refineries, the spokeswomen for South Africa's president Cyril Ramaphosa said on... More

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Criminal Case against UAE's Abraaj Founder Dismissed
15/07/2018 08:22 GMT

A criminal case against private equity firm Abraaj founder Arif Naqvi and another executive for issuing a check without sufficient funds has been dismissed, the presiding judge said on Sunday. The... More

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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

Brent/Dubai EFS Tumbles to 7-Month Low on Weaker Brent
15/07/2018 07:16 GMT

The Brent/Dubai Exchange of Futures for Swaps, a key indicator of ICE Brent crude futures' premium to benchmark cash Dubai, fell to a near seven-month low on Thursday as Brent prices tumbled more... More

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