Algeria

Algerian Sonatrach Maintains Investments despite Weak Oil
29/01/2015 09:56 GMT

The national hydrocarbon company Sonatrach will maintain its investment projects despite the significant drop in oil prices, said its interim CEO Said Sahnoun in an interview. Sonatrach "will... More


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Bahrain

Bank of Bahrain & Kuwait Plans to Issue Bond
29/01/2015 10:39 GMT

BBK, formerly known as Bank of Bahrain and Kuwait, is planning its first debt issue since 2010 to refinance an existing US$500 million bond maturing in October, its chief executive said. The... More


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Egypt

Europeans Dominate in Egypt's LNG Tender
28/01/2015 11:12 GMT

European commodity traders won the lion's share of a closely-watched tender to supply Egypt with US$2.2 billion worth of liquefied natural gas, as they work to expand into a business typically... More


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Iran

Iranian Refinery's Optimization almost Complete
29/01/2015 06:12 GMT

Bandar Abbas Oil Refinery Optimization Plan has progressed 93% and will be completed in H2 of 1394 (March 2015-16), under which the refinery will produce 6 million liters of gasoline and 7.95 million... More


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Iraq

Shell to Construct Petchem Plant in Basra
28/01/2015 10:34 GMT

Royal Dutch Shell signed deal with Iraq worth US$11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser Al-Esawi said. Al-Esawi told a press conference... More


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Kuwait

Bank of Bahrain & Kuwait Plans to Issue Bond
29/01/2015 10:39 GMT

BBK, formerly known as Bank of Bahrain and Kuwait, is planning its first debt issue since 2010 to refinance an existing US$500 million bond maturing in October, its chief executive said. The... More


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Libya

Libyan Govt. Releases Tanker to Rival Forces
28/01/2015 11:27 GMT

Libya's recognized government has released a tanker forced to dock at a port under its control after originally banning it from delivering fuel to its rival administration, a port official said on... More


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Oman

SPAR Opens First Outlet in Oman
29/01/2015 06:03 GMT

SPAR, the world’s largest food retailer with 12,500 stores across 40 countries meeting the needs of over 11 million consumers every day, has opened its first Supermarket in Oman. Globally recognized... More


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Qatar

Qatari Barwa, Arab Engineering Bureau in Agreement to Expand Barwa Al Wakra
29/01/2015 11:01 GMT

Barwa Real Estate has signed an agreement of collaboration with the Arab Engineering Bureau to start working on the expansion project for Barwa Village on Al Wakra road amid increasing demand on... More


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Saudi Arabia

Saudi Sadara in Joint Cooperation Agreement with CCB
29/01/2015 09:18 GMT

Sadara Chemical Company (Sadara) and Chemie-Cluster Bayern GmbH (CCB) have signed recently an agreement to cooperate and jointly support the development of Chemical based value chains in PlasChem... More


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UAE

Total Grabs Share of New Abu Dhabi Concession
29/01/2015 10:51 GMT

Total has signed an agreement to take a 10% stake in a new 40-year onshore concession in Abu Dhabi in the United Arab Emirates (UAE), the French oil group said on 29 January. Nine Asian and western... More


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Yemen

Force Majeure Declared on LNG Exports from Yemeni Plant
25/01/2015 07:47 GMT

Yemen has declared force majeure on liquefied natural gas (LNG) deliveries from its Balhaf plant due to deteriorating security following the collapse of the government, trading sources said. The 6.7... More


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General News

Qatari Barwa, Arab Engineering Bureau in Agreement to Expand Barwa Al Wakra
29/01/2015 11:01 GMT

Barwa Real Estate has signed an agreement of collaboration with the Arab Engineering Bureau to start working on the expansion project for Barwa Village on Al Wakra road amid increasing demand on... More


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