Algerian Govt. Examines Decree to Cut Hydrocarbon Royalty
08/04/2021 10:12 GMT

The Government has examined a draft executive decree defining the modalities of granting reduced rates of the hydrocarbon royalty and income tax, said the Prime Ministry in a communiqué. This draft... More

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Bahraini Investcorp Agrees to Sell Kee Safety
08/04/2021 08:37 GMT

Investcorp, a leading global provider and manager of alternative investment products, has announced it has agreed the sale of Kee Safety Group Ltd to its management team, supported by Intermediate... More

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Meggitt Grabs Major Egypt Deal
08/04/2021 11:09 GMT

Meggitt PLC, has secured a contract with ENPPI for the supply of Printed Circuit Heat Exchangers (PCHEs) for the Western Desert Gas Complex (WDGC) expansion in El-Amreya, Alexandria, Egypt. The... More

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Iran Refining Industry Shines in 2020-21
08/04/2021 05:51 GMT

The calendar year of 1399 (March 2020-21) can be called the year of the country's refining industry with the fourfold growth of oil products exports and Iran's joining the gasoline exporters... More

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Iraq Passes Federal Budget Bill
08/04/2021 10:52 GMT

The Iraqi budget confronted issues of unemployment, currency devaluation and non-oil revenues and was passed as lawmakers prepare for October's general election; the challenge is implementation. It... More

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UOG & Kuwait Energy Make Egypt Discovery
07/04/2021 09:07 GMT

United Oil & Gas (UOG) announced that with operator Kuwait Energy, a discovery has been made with the ASD-1X exploration well in the Abu Sennan concession, onshore Egypt. The ASD-1X exploration well,... More

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NOC Begins Optical Network Repairs at Libyan Field
06/04/2021 09:32 GMT

Libya’s NOC announced that work has begun to connect all oil fields to the optical fiber communication network. The project is a join collaboration between the National Oil Corporation and the New... More

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CMA Places Limits on Overseas Investments by Omani Insurance Firms
08/04/2021 10:31 GMT

The Capital Market Authority (CMA) has issued an administrative decision specifying the credit rating for the investment of the assets of insurance and Takaful companies outside the Sultanate of... More

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Al-Baker: Qatar Airways Expects 777X Deliveries in 2023
08/04/2021 04:48 GMT

Qatar Airways expects to take delivery of its “first three” 777X passenger jets in 2023, Group Chief Executive HE Akbar al-Baker said Tuesday. “Boeing has already notified us that there will be a... More

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Saudi Arabia

KPMG Saudi Unit Changes Corporate Structure to Allow for Expansion
08/04/2021 10:47 GMT

KPMG said it will convert its Saudi Arabian unit from a professional partnership to a closed joint stock company, enabling the audit and advisory firm to expand across the Kingdom and in the regional... More

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United Arab Emirates Central Bank Governor Replaced
08/04/2021 10:43 GMT

UAE President Sheikh Khalifa bin Zayed has appointed Khalid Al-Tameemi as governor of the UAE’s central bank, state news agency WAM said, citing a decree issued on Wednesday. Tameemi, who was... More

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Yemeni Minister in Talks with WB on Aden Recovery Plan
08/04/2021 10:43 GMT

Yemen’s Minister of Planning and International Cooperation, Waid Batheeb, discussed on Wednesday a recovery plan for the interim capital Aden with the World Bank and the reopening of the... More

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General News

IATA Urges ME Governments to Develop Roadmap to Restart Aviation
08/04/2021 04:53 GMT

The International Air Transport Association (IATA) called on governments in the Middle East to develop re-start plans to safely re-link their citizens, businesses and economies to global markets when... More

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