Algeria

Qatar General Insurance & Reinsurance Co. to Open Algeria Project
18/04/2019 04:18 GMT

Qatar General Insurance and Reinsurance Co (QGIRCO), one of the diversified and QSE-listed companies in the country, is to open its flagship real estate project in Algeria within six months, said a... More


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Bahrain

Bahraini Investcorp Buys Prime Office Property in Germany
21/04/2019 03:30 GMT

Investcorp, a leading global provider and manager of alternative investment products based in Bahrain, has announced that its London-based real estate investment team has acquired Lyoner Stern, a... More


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Egypt

New Real Estate Finance Firm Launched in Egypt
21/04/2019 03:38 GMT

Three of Egypt’s leading firms - EFG Hermes, Talaat Mostafa Group, and GB Capital - have launched a real estate finance company. The new partnership will offer long-term and competitive mortgages for... More


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Iran

Indian Refiners Turn to OPEC, Mexico, US to Make Up Iran Oil Gap
18/04/2019 06:06 GMT

Indian refiners are increasing their planned purchases from OPEC nations, Mexico and the United States to make up for any loss of Iranian oil if the U.S. enforces sanctions more harshly from next... More


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Iraq

Trial Production Starts at Attock’s Iraq Plant
21/04/2019 09:11 GMT

Attock Cement Pakistan Limited (ACPL), which makes the Falcon brand of cements, has announced that trial production has started at its newly-built plant in Iraq. The Express Tribune quotes analyst... More


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Kuwait

KEO to Grabs Kuwait Contract
21/04/2019 03:32 GMT

KEO International Consultants, a leader in planning, design, engineering and project management solutions, has won a KD1.89-million (US$6.19 million) contract to provide engineering consultancy and... More


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Libya

Trump Libya Shift Likely Driven by Oil, Gasoline Price Fears
21/04/2019 09:40 GMT

US President Donald Trump's apparent signal of support for the Libyan National Army over the UN-backed Government of National Accord was motivated by the president's concerns over the impact another... More


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Oman

IMF: Oman Economy on Course to Rebound
21/04/2019 09:38 GMT

Economic activity is gradually recovering, according to a report by the International Monetary Fund (IMF) issued at the weekend. After reaching a low of 0.5 % in 2017, real non-hydrocarbon GDP growth... More


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Qatar

Realty World Turkey Pens Agreement with Qatari QNB
21/04/2019 09:30 GMT

QNB Group recently signed an agreement with Turkish real estate company Realty World Turkey to provide QNB First members with real estate consultancy services in the Turkish market, with the service... More


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Saudi Arabia

Decrease in Saudi Oil Exports
21/04/2019 03:40 GMT

Saudi Arabia's crude oil exports fell by 277,000 barrels per day (bpd) in February from the month before, official data showed on Thursday. The world's top oil exporter shipped 6.977 million bpd in... More


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UAE

RAK Properties Pens Deal for Villas Project
21/04/2019 09:46 GMT

RAK Properties, one of the UAE’s leading property developers, has signed a construction, infrastructure and landscape work contract with Al Ali Construction &Development for its Dh500 million (US$136... More


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Yemen

Trump Vetoes Bill to End US Support for Saudi-Led Coalition in Yemen
17/04/2019 08:46 GMT

US President Donald Trump has vetoed a bill passed by Congress to end support for the Saudi-led war in Yemen. Mr Trump described the resolution as an "unnecessary" and "dangerous" attempt to weaken... More


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General News

Opec Gambling with Success of Output Cuts
21/04/2019 09:34 GMT

After managing to revive oil prices through production cutbacks, Opec now risks squandering its victory again by letting crude surge too high. In the first quarter, co-ordinated production curbs by... More


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