Algeria

Algerian Field’s Production Capped in Line with OPEC Deal
26/02/2017 07:45 GMT

Algeria's biggest oilfield Hassi Messaoud is currently capping production at 430,000 barrels per day to keep it in line with OPEC's agreement to cut output, a Sonatrach official said late on... More


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Bahrain

Inflation in Bahrain Sees Sharp Drop in January
26/02/2017 05:46 GMT

Bahrain's inflation rate fell sharply in January as food prices dropped, according to latest data released by the country's statistics office. The inflation rate fell to 0.8% last month from 2.3% a... More


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Egypt

Court Orders Egypt’s GTH to Pay Atheer Telecom Iraq Limited
26/02/2017 10:09 GMT

Global Telecom Holding (GTH), an Egyptian joint stock company, has announced that, as previously disclosed, on 19 November 2012 Atheer Telecom Iraq Limited initiated English High Court proceedings... More


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Iran

Majlis Allows Govt. to Settle Claims from 3 Companies
26/02/2017 10:51 GMT

Based on Majlis Members ratification of the 1396 (March 2017-18) Budget Bill on 25 February 2017, the government is allowed to settle claims of 3 companies, namely, the Industrial Development and... More


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Iraq

Court Orders Egypt’s GTH to Pay Atheer Telecom Iraq Limited
26/02/2017 10:09 GMT

Global Telecom Holding (GTH), an Egyptian joint stock company, has announced that, as previously disclosed, on 19 November 2012 Atheer Telecom Iraq Limited initiated English High Court proceedings... More


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Kuwait

Verscom Solutions to Manage Kuwaiti Zain’s Wholesale Business
26/02/2017 08:24 GMT

Zain, a leading telecom operator in Kuwait and across the Middle East and Africa region, has signed up Verscom Solutions, a key systems integrator and an innovative cloud PaaS/SaaS service provider,... More


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Libya

Growing Demand behind Rosneft KRG, Libya Deals
23/02/2017 07:34 GMT

Russian oil firm Rosneft's move to lend money to Iraq's Kurdistan in exchange for crude and a fresh supply deal with Libya are dictated by the growing needs of its refining system in Europe and Asia,... More


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Oman

Bank Muscat Raising Syndicated Loan
26/02/2017 09:30 GMT

Bank Muscat, Oman’s largest bank by assets, is raising US$500 million through a syndicated loan, banking sources familiar with the situation said on Thursday. The three-year loan refinances a US$600... More


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Qatar

Qatari Minister: NOCs, IOCs Partnership to Continue
26/02/2017 09:36 GMT

At the International Petroleum Week hosted in London by the Energy Institute, HE Dr Mohamed bin Saleh al-Sada, Minister of Energy & Industry, Qatar, gave a Bloomberg-moderated interview on the... More


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Saudi Arabia

Haulotte Plays Key Role in Jeddah Airport Project
26/02/2017 08:08 GMT

Haulotte Group, a French aerial work platform manufacturer with key operations in the region, said it has deployed its fleet of hitech equipment and machineries for Saudi government's ambitious King... More


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UAE

Fujairah Opens New Power Station
26/02/2017 09:09 GMT

The UAE authorities have launched a Dh29.7 million (US$8 million) 33/11 kilovolt power station at Fujairah to ease the load off another three stations in the emirate to ensure sustained flow and... More


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Yemen

KSA, Yemen to Benefit from FTZ
23/02/2017 04:58 GMT

Studies indicate that the establishment of a free-trade zone between Saudi Arabia and Yemen, a project that has been put on a hold due to political unrest in Yemen, would help boost economies of the... More


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General News

Algerian Field’s Production Capped in Line with OPEC Deal
26/02/2017 07:45 GMT

Algeria's biggest oilfield Hassi Messaoud is currently capping production at 430,000 barrels per day to keep it in line with OPEC's agreement to cut output, a Sonatrach official said late on... More


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