Terex Trucks Strengthens Position in Algeria
10/12/2019 05:23 GMT

Amid falling revenues from oil and gas exports in Algeria, non-oil sectors such as construction are driving the country’s economy. Algeria sees a robust and stable construction industry as a key... More

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Indian Bank Opens New Service Center in Manama
11/12/2019 06:14 GMT

India’s ICICI Bank has inaugurated a service center at Mannai Plaza, near Oasis Mall in Juffair, Bahrain, marking the second physical touch point of the bank in the country, the first being the... More

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Index to Launch New Dental Conference in Cairo
11/12/2019 06:05 GMT

Index Conferences and Exhibitions, a member of Index Holding, will this year launch the 1st edition of AEEDC Cairo Conference and Exhibition, which is set to be held from 12-14 December at Royal... More

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NIOPDC, IKCO Ink MoU to Add Bi-Fuel Vehicles to Public Transport Fleet
11/12/2019 06:45 GMT

National Iranian Oil Products Distribution Company (NIOPDC) and Iran Khodro Industrial Group (Iran Khodro Diesel) signed a memorandum of understanding (MoU) to add new bi-fuel vehicles to the... More

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CEO Announces UAE-Based Crescent Petroleum's Iraq Investments
11/12/2019 06:12 GMT

United Arab Emirates-based energy firm Crescent Petroleum has invested over US$3 billion in Iraq, its chief executive said. "We have invested over US$3 billion in Iraq over the last 10 years and that... More

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Baker Hughes Awards Kuwait Drilling Deals
10/12/2019 06:51 GMT

Baker Hughes Co. has awarded ADES International Holding PLC a pair of deep drilling contracts under a lump sum turnkey project (LSTK) project in Kuwait, ADES reported Monday. “We are extremely... More

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Greece Calls Libya-Turkish Deal Invalid
11/12/2019 06:07 GMT

Greece has lodged objections to the United Nations over an accord between Libya and Turkey mapping out maritime boundaries as a violation of international law, a Greek government spokesman said on... More

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Central Bank of Oman: Economy Contracts in H1 2019
11/12/2019 06:16 GMT

Oman's economy contracted by 1.9% in nominal terms in the first half of the year as the non-oil sector shrank, the central bank said on Monday. The Gulf state's finances have been hurt by a slump in... More

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Qatar & Ghana to Expand Energy Ties
10/12/2019 09:53 GMT

Qatar and Ghana are working to enhance cooperation in the field energy and mining, which may include establishing oil and gold refineries and other projects. Both the countries are working to sign... More

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Saudi Arabia

UN Unable to Verify Weapons Used in Saudi Oil Attack Were from Iran
11/12/2019 06:23 GMT

The United Nations is “unable to independently corroborate” that missiles and drones used in attacks on Saudi oil facilities in September “are of Iranian origin,” Secretary-General Antonio Guterres... More

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Smart Dubai Launches 40-Minute UAE Visa Service
11/12/2019 06:14 GMT

Smart Dubai has launched UAE ‘Residency’ application services in partnership with the General Directorate of Residency and Foreigners Affairs in Dubai via its Dubai Now application and e-services... More

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Yemeni Houthis Release Captured S. Korean, Saudi Vessels
24/11/2019 05:55 GMT

Yemen’s Houthi movement released three vessels and 16 people it had seized, South Korea’s Foreign Ministry and a Houthi military source in Yemen said. The seizure was the latest incident at sea... More

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General News

KSA Plans for Lower 2020 Oil Revenues on OPEC Cuts
11/12/2019 06:08 GMT

After three years of record budgets to spur growth, Saudi Arabia said Monday it plans to scale back government spending through 2022, forecasting lower oil revenues and a lesser reliance on its... More

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