Algeria

Algerian Dinar Hits Record Low
20/09/2017 04:23 GMT

Algeria’s central bank allowed the value of the country’s currency to drop to a historic low against the euro, driving concerns about inflation and social instability. Lower oil prices and shrinking... More


More Algeria News

Bahrain

Aluminum Bahrain Line 6 Pot Shell Fabrication in Full Swing
20/09/2017 04:38 GMT

Aluminum Bahrain, a leading aluminum smelter, has announced that its Line 6 Expansion Project’s pot shell fabrication is full swing at a Bahrain contractor. Alba’s Chief Executive Officer Tim Murray... More


More Bahrain News

Egypt

GE Clinches Egypt Solar Deal
20/09/2017 06:57 GMT

Egypt is rising to become the next solar hotspot. Part of the government’s ambitious sustainable energy strategy is the landmark solar Feed-In Tariff (FiT) program, which sees the utility-scale solar... More


More Egypt News

Iran

Official Reports Gas Condensate Exports via Iranian Port
20/09/2017 09:17 GMT

Iran exported a total of 206 million barrels of gas condensate through the export terminal of Assaluyeh, south of the country, last year. The Managing Director of the Iranian Oil Terminals Company... More


More Iran News

Iraq

Oil Climbs after Iraq Signals Possible OPEC Cut Extension
20/09/2017 06:46 GMT

Oil prices rose on Wednesday after Iraq's oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut, while a report showed a... More


More Iraq News

Kuwait

Kuwait Dealing with New Oil Spill
19/09/2017 05:40 GMT

Major oil exporter Kuwait is dealing with another crude oil spill off its southern coast, state news agency KUNA said on Monday, the latest in a series of unexplained leaks in the Arab state in... More


More Kuwait News

Libya

Foreign Workers Temporarily Evacuated from Libyan Oil Field
05/09/2017 06:03 GMT

Foreign workers at Libya's Sharara oil field, which is currently shut, have been temporarily evacuated because of unspecified information about activity nearby, an engineer at the field said on... More


More Libya News

Oman

Oman Oil Exploration Secures Pre-Export Financing Loan
20/09/2017 06:03 GMT

Oman Oil Exploration and Production, the exploration arm of state-owned Oman Oil, has raised a US$1 billion pre-export financing loan, a company source told Reuters on Tuesday. The loan, a five-year... More


More Oman News

Qatar

Botas Pens Qatargas LNG Deal
20/09/2017 09:27 GMT

State-run Qatargas, the world's largest producer of liquefied natural gas (LNG), said on Wednesday it had signed a medium-term sales and purchase agreement with Turkey's Botas to deliver 1.5 million... More


More Qatar News

Saudi Arabia

KSA & UK Pen Multi-Sector Cooperation Deal
20/09/2017 07:48 GMT

Saudi Arabia and the UK have signed a new agreement to promote cooperation between the two countries across several sectors including defense and security, counter-terrorism, intelligence, training... More


More Saudi Arabia News

UAE

Dubai Multi Commodity Center in Deal to Boost China Ties
20/09/2017 07:21 GMT

Dubai Multi Commodity Center (DMCC) has signed a partnership agreement with the Xi'an International Trade and Logistic Park at the Xian Dubai Free Trade Zone Economic Cooperation Conference 2017 in... More


More UAE News

Yemen

UAE’s ADNOC Distribution Pens Deals in Ethiopia, Yemen
14/09/2017 07:46 GMT

Adnoc Distribution, the Abu Dhabi-based operator of fuel service stations, announced it has signed two agreements to sell its Voyager branded engine oil and lubricant in Ethiopia and Yemen. The new... More


More Yemen News

General News

Oil Climbs after Iraq Signals Possible OPEC Cut Extension
20/09/2017 06:46 GMT

Oil prices rose on Wednesday after Iraq's oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut, while a report showed a... More


More General News