New Cargo Ship Delivered to Algeria’s CNAN
24/08/2016 09:54 GMT

The National Shipping Company (CNAN) received Tuesday in Algiers Port a new cargo ship, as part of its program aiming at strengthening the national shipping fleet. Purchased for US$25 million, this... More

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Bahrain Industrial Real Estate Sector on Growth Track
22/08/2016 04:26 GMT

The design and construction of industrial and warehouse properties in Bahrain are continuing to display growing sophistication, according to a report from CBRE, a global real estate consultancy firm.... More

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Saudi-Egyptian Power Grid Plan Deal Gets Nod
24/08/2016 09:54 GMT

As part of the growing economic ties with Saudi Arabia, the Egyptian parliament on Monday gave its approval to a pact on connecting the power grids of the two countries – the two biggest systems in... More

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Cuba Eager to Buy Iran Drilling Equipment
24/08/2016 10:04 GMT

According to a report, an Iranian oil executive on the sidelines of the visit of Iranian Foreign Minister Mohammad-Javad Zarif to Havana said that Cuba is interested in buying oil drilling equipment... More

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PM: Iraq Not Open to Capping Crude Production
24/08/2016 06:16 GMT

Iraq's prime minister said the country has not yet reached its full oil market share, suggesting his government would not restrain crude output as part of any possible OPEC agreement to lift... More

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Kuwaiti MP Denies Panel Nod to Gasoline Price Hike
21/08/2016 08:09 GMT

Rapporteur of the Priorities Committee of the National Assembly MP Ahmed Lari has refuted 'allegations' that the committee has agreed to an increase in the price of gasoline. He stressed the decision... More

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Tanker to Transfer Oil from Threatened Port: Libya's NOC
21/08/2016 06:18 GMT

Libya's National Oil Corporation (NOC) said on Thursday that rival forces had agreed to let a tanker dock at Zueitina port to load oil and take it to a safe place. The NOC expressed concern earlier... More

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UAE-Based Firm Bags Oman Steel Mill Deal
24/08/2016 09:54 GMT

Sharjah-based Shriram EPC FZE, a leading engineering, procurement and construction contractor, won contract worth US$230 million for constructing the balance of plant of a an steel mill in Sohar,... More

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Turk Firm to Build Expressway in Qatar
24/08/2016 09:54 GMT

The contract of building Al Khor Expressway, which will be built by Turkye's Tekfen Construction, was signed within the framework of joint cooperation between the governments of the State of Qatar... More

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Saudi Arabia

ITG to Establish High-Voltage Cable Plant in Saudi KAEC
24/08/2016 10:03 GMT

International Trade Gateway Company (ITG) will set up a high-voltage cable factory in Saudi Arabia’s King Abdullah Economic City (KAEC). The company has signed an agreement with KAEC for the purchase... More

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Aramex to Provide Logistics Services to Dubai-Based Firm
24/08/2016 09:54 GMT

Aramex has said that it will provide a range of logistics services for Dubai-based NewBridge Pharmaceuticals, a privately held specialty pharmaceutical company. NewBridge pharmaceuticals is a... More

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Crude Production & Exports from Yemen’s Masila Fields Resume
14/08/2016 06:37 GMT

Yemen has resumed production and exports from its Masila oilfields for the first time since a civil war began more than 16 months ago, state news agency reported on Thursday. The agency,... More

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General News

Iran Confirms Participation in OPEC Meeting in Algeria: Source
24/08/2016 05:53 GMT

Iran, OPEC's third largest producer, has confirmed it will participate in the upcoming OPEC meeting in Algeria next month, an OPEC source said on 23 August. OPEC members will meet on the sidelines of... More

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