Algeria's Adrar Problems Exposed as Sahara Desert Heats Up
01/10/2020 07:08 GMT

The inhabitants of Algeria's second-largest province are feeling the heat in many ways, whether it be in their houses, their classrooms or when they dare to go outside. This final instalment in New... More

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Bahraini Investcorp Reaffirms Global Growth Strategy
01/10/2020 07:04 GMT

Investcorp has reaffirmed its global growth strategy during the ordinary general meeting of shareholders held virtually. The meeting, chaired by Investcorp’s Board Chairman, Dr. Yousef Al-Ebraheem,... More

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Egypt Resumes Poultry Exports after Decade-Long Ban
01/10/2020 07:01 GMT

Egypt is set to export poultry in the last quarter of 2020 following a decade-long suspension after the avian flu crisis in 2006. Head of the Poultry Division of the Cairo Chamber of Commerce Abdul... More

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China Top Buyer of Iranian Steel: IRICA
01/10/2020 07:08 GMT

China was by far the top buyer of Iranian steel in the first five months of the current Iranian year (March 20-August 21), according to figures released by the Islamic Republic of Iran Customs... More

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Finalized Iraqi Oil Export Figures for August
01/10/2020 07:01 GMT

Iraq's Ministry of Oil has announced finalized oil exports for August of 80,494,536 barrels, giving an average for the month of 2.597 million barrels per day (bpd), down from the 2.763 million bpd... More

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Kuwaiti Emir Sheikh Sabah Al-Sabah Passes Away
30/09/2020 06:01 GMT

Kuwait's Emir Sheikh Sabah Al-Ahmed Al-Sabah has died at the age of 91, state media reported. His death was announced by the Emiri Diwan. "With deep sadness and sorrow the Emiri Diwan sends its... More

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AGOCO: Libya's Sarir Oilfield Resumes Output
30/09/2020 09:15 GMT

Libya’s Sarir oilfield has restarted production, the head of the company that operates it said on Tuesday, after eastern forces lifted an eight-month blockade on energy facilities. However, AGOCO... More

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Increase in Foreign Investments in Oman
01/10/2020 07:08 GMT

Foreign investment in the Sultanate registered a significant rise of 12.1% to reach RO19.969 billion (US$52.009 billion) at the end of 2018 compared to RO 17.806 billion (US$46.375 billion) in the... More

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Sharq Insurance to Support Qatar’s Economic Diversification
01/10/2020 07:08 GMT

Sharq Insurance, a subsidiary of Doha Bank, expressed its support for Qatar’s economic diversification during a webinar hosted by the bank Monday titled ‘Insurance Industry trends, Opportunities,... More

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Saudi Arabia

Saudi Aramco Sets October Term Propane Contract Price
01/10/2020 07:04 GMT

Saudi Aramco has set the October propane term Contract Price (CP) at US$375/mt, up US$10/mt from September, and the butane CP at US$380/mt, up US$25/mt from September, traders told S&P Global Platts... More

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Oil Products Stockpiles Dip to 8-Month Low in Fujairah
01/10/2020 07:04 GMT

Stockpiles of refined oil products at Fujairah in the UAE have dropped to an eight-month low, with shipments of naphtha and gasoil picking up. Total stockpiles stood at 20.961 million barrels as of... More

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Yemeni Houthis: Important Target Attacked in Riyadh
10/09/2020 10:28 GMT

Yemen’s Houthis carried out an attack on an “important target” in the Saudi capital Riyadh using a ballistic missile and four drones, a spokesman for the group said on Twitter on Thursday. Elsewhere... More

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General News

Slight Rise in MEA Power Industry Tenders
01/10/2020 07:08 GMT

There has been a 2% jump in tender activity linked to power industry projects across Middle East and Africa (MEA) region in August with 83 tenders announced compared to last 12-month quarter average... More

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