Algeria

Algerian Premier Sacked
16/08/2017 08:13 GMT

Algeria's official news agency says the North African country's stroke-afflicted president, Abdelaziz Bouteflika, has fired Abdelmadjid Tebboune as prime minister. The APS news agency, citing a... More


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Bahrain

Bahraini King Hails Oil, Gas Development Projects
17/08/2017 07:59 GMT

Bahrain is determined to continue development programs in all sectors, said His Majesty King Hamad bin Isa Al-Khalifa. Receiving Oil Minister Shaikh Mohammed bin Khalifa bin Ahmed Al-Khalifa at... More


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Egypt

Egypt Sees GDP Growth in 2017-18
17/08/2017 05:25 GMT

Egypt expects its GDP growth to reach 4.6% to 4.8% in the 2017-18 fiscal year, Egypt's Finance Minister Amr El-Garhy was quoted as saying. The country's GDP growth stood at 4.1% for the 2016-17... More


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Iran

Belarus & Iran Review North-South Transportation Project
17/08/2017 09:29 GMT

Iran and Belarus have called for stepping up interaction to implement the North-South international transport corridor project. In a meeting between Iran's Deputy Roads and Urban Development Minister... More


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Iraq

Reports on Release of Iraqi Airways Chief Rejected
17/08/2017 08:20 GMT

The Commission of Integrity has denied reports on the release of Iraqi Airways chairman following his arrest “red-handed” taking a bribe. A commission statement on August 15 said that reports by some... More


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Kuwait

Saipem Secures Kuwait Deal
17/08/2017 09:12 GMT

Italian engineering firm Saipem has been awarded a contract in Kuwait to build pipelines for the new Al Zour Refinery (4th Refinery). The company said the US$850 million engineering, procurement,... More


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Libya

Production Falls at Libyan Oilfield after Security Breaches
16/08/2017 08:01 GMT

Production at Libya's Sharara oilfield dropped to between 130,000 and 150,000 barrels per day (bpd), from about 280,000 bpd, because of recent security breaches, an engineer who works at the field... More


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Oman

India, Turkmenistan in Talks on Crucial Transit Corridor via Iran, Oman
17/08/2017 04:23 GMT

India and Turkmenistan discussed ways to establish a transport transit corridor between Iran, Oman and Turkmenistan. Nitin Gadkari, Minister for Road Transport and Shipping, met Rashid Meredov,... More


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Qatar

Qatar Kerfuffle Could Tip Saudi Aramco to New York
17/08/2017 04:23 GMT

Economic boycotts are usually designed to force dramatic change. They deprive enemies of income that can be used to finance armies, feed propaganda machines and sustain populations - with the hope of... More


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Saudi Arabia

KSA to Reopen Border with Iraq after 27 Years
17/08/2017 08:15 GMT

Saudi Arabia is reportedly planning to re-open the Arar [Ar’ar] border crossing with Iraq for the first time since 1990. Sohaib al-Rawi, the governor of Anbar province, is quoted as saying that the... More


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UAE

UAE’s Etihad Bonds Drop after Air Berlin Bankruptcy
17/08/2017 08:07 GMT

Etihad Airways’ bonds issued through a special purpose vehicle have dropped more than five points in the secondary market a day after Air Berlin, in which Etihad has a large minority stake, filed for... More


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Yemen

Central Bank of Yemen Floats Riyal Currency
15/08/2017 07:56 GMT

Yemen's central bank has floated the country's currency, instructing banks to use the market rate for the riyal instead of a fixed rate, according to a circular issued on Monday. The circular said... More


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General News

Natural Gas Heads for Middle East Doldrums
17/08/2017 04:23 GMT

Conventional wisdom says that Middle East natural gas demand will continue to surge. In the 10 years through 2016, consumption rose by 25 Bscf/d -- much more than in both the US, despite its shale... More


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