Algeria

Spain's April Oil Imports Hike Led by KSA, Iraq & Algeria
26/06/2017 08:45 GMT

Spanish imports of crude oil rose by nearly 1% year on year in April to 5.32 million tons, with Saudi, Iraqi and Algerian shipments registering the largest percentage increases, government data... More


More Algeria News

Bahrain

Swiss-Belhotel Expands in Bahrain
26/06/2017 09:11 GMT

Swiss-Belhotel International (SBI) has signed a management agreement with Hassan Lari Property Development & Management to operate Swiss-Belresidences Juffair in Bahrain. This latest announcement is... More


More Bahrain News

Egypt

Social Spending Hiked to Ease Austerity Pain in Egypt
22/06/2017 03:59 GMT

Egypt’s budget for the next 12 months will include a 75 billion Egyptian pound (US$4.17 billion) social spending package, the Finance Ministry said, a day after President Abdel Fattah El-Sisi... More


More Egypt News

Iran

Iranian Petchem Plant, Germany's Siemens Sign Contract
25/06/2017 09:15 GMT

The Managing Director of Fanavaran Petrochemical Company Bahman Behzadi announced a new contract has been signed with Germany’s Siemens aiming at increasing the power of turbines in the complex. He... More


More Iran News

Iraq

Spain's April Oil Imports Hike Led by KSA, Iraq & Algeria
26/06/2017 08:45 GMT

Spanish imports of crude oil rose by nearly 1% year on year in April to 5.32 million tons, with Saudi, Iraqi and Algerian shipments registering the largest percentage increases, government data... More


More Iraq News

Kuwait

IBM, Zain Launch Cloud Recovery Service in Kuwait
22/06/2017 03:59 GMT

IBM and Zain, a top telecom company in Kuwait, have partnered to launch a new cloud disaster recovery service that will provide IBM and Zain’s enterprise customers with cloud-based business... More


More Kuwait News

Libya

Glencore’s Rights to Export Oil from Libyan Port Taken Away
25/06/2017 05:46 GMT

Authorities in Eastern Libya have withdrawn Glencore’s rights to export oil from the Marsa al Hariga port. The withdrawal of rights can be attributed to the fact that one of the oil trader’s major... More


More Libya News

Oman

New Hotels Launch Operations in Oman
26/06/2017 04:57 GMT

As many as 13 new hotel facilities commenced operations in the Sultanate of Oman during the first five months of this year — part of a portfolio of 81 properties set for launch over the 2017-2018... More


More Oman News

Qatar

Belgian Firm Announces Completion of Road Upgrade Project in Qatar
26/06/2017 05:08 GMT

Six Construct, a subsidiary of the Besix Group, and one of the largest Belgian construction companies operating in the Middle East, recently announced the completion of Al Rayyan Road upgrade project... More


More Qatar News

Saudi Arabia

Spain's April Oil Imports Hike Led by KSA, Iraq & Algeria
26/06/2017 08:45 GMT

Spanish imports of crude oil rose by nearly 1% year on year in April to 5.32 million tons, with Saudi, Iraqi and Algerian shipments registering the largest percentage increases, government data... More


More Saudi Arabia News

UAE

Abu Dhabi Ports Unit Launches Key e-Payment Solutions
26/06/2017 10:27 GMT

Maqta Gateway, a subsidiary of Abu Dhabi Ports, and the developer and operator of Maqta Port Community System (MPCS), has announced the launch of new innovative solutions covering online payment and... More


More UAE News

Yemen

ICD & TIIB Enter into Partnership to Support BRAVE Project in Yemen
14/06/2017 08:21 GMT

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private sector arm of IDB Group, and Tadhamon International Islamic Bank (TIIB) (www.TIIB.com) have... More


More Yemen News

General News

GCC Fiscal Deficit Slated to Remain Large on Weak Oil
26/06/2017 09:46 GMT

With oil and gas prices expected to remain low, the GCC fiscal deficit, excluding investment income, is slated to remain large at US$140 billion this year and US$120 billion in 2018, according to the... More


More General News