Algerian Govt. to Try to Boost Economic Recovery
19/10/2017 09:13 GMT

Algeria said Wednesday that the government will take a series of decisions, including earmarking a budget of US$40 billion to boost economic recovery process. Algerian Prime Minister Ahmed Ouyahia... More

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Bahraini Investcorp Acquires Kee Safety
19/10/2017 07:06 GMT

Investcorp, a leading Bahraini provider and manager of alternative global investment products, has announced that it has agreed to acquire Kee Safety, a global supplier of safety solutions and... More

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Poll: Egypt Growth to be Marginally Shy of IMF, Govt. Forecasts
19/10/2017 09:53 GMT

Egypt’s economy will grow 4.4% in the fiscal year that began in July, well below government projections of 5.0%-5.25%, a Reuters poll showed on Tuesday. The figure is also below the 4.5% prediction... More

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Tehran to Host 7th ANGVA Exhibition
19/10/2017 05:29 GMT

The Islamic Republic of Iran will host the upcoming conference and exhibition of the Asia Pacific Natural Gas Vehicles Association (ANGVA) in Tehran. The National Iranian Oil Refining and... More

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Petrofac Grabs Iraq Deal
19/10/2017 10:13 GMT

Petrofac has been awarded a contract, valued at around US$30 million, to undertake Project Management Consultancy, PMC, services for the Halfaya Contract Area ( Halfaya Oil Field ) in southern Iraq.... More

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Billions Spent on Environmental Fuel: Kuwaiti Official
17/10/2017 06:35 GMT

The CEO of the Kuwait National Petroleum Company, KNPC, Mohammad Al-Mutair, has said that the total volume of expenditure on the environmental fuel project amounted to KWD3.1 billion (~US$10.25... More

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Financial, Security Woes Denting Libyan Oil Recovery
19/10/2017 06:45 GMT

Libya's oil production revival is being undermined by the same financial, economic and security problems that threaten the promise of stability and a better life for the divided North African... More

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Gas Production to Boost Oman’s GDP in 2018
19/10/2017 06:13 GMT

Oman’s economic growth will slow to just 0.3 % this year – its weakest since 2011 – on the back of a drop in oil output, before recovering to 2.8 % in 2018 as gas production expands and the non-oil... More

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Minister: Qatar to Stay Leading, Reliable LNG Supplier
19/10/2017 09:48 GMT

Qatar's Minister of Energy and Industry Dr Mohamed bin Saleh al-Sada has reiterated Qatar’s determination “to remain a leading player and a reliable supplier of LNG” and said lifting the North Field... More

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Saudi Arabia

MHPS Opens New Turbine Rotor Repair Facility in Dammam
19/10/2017 11:06 GMT

Mitsubishi Hitachi Power Systems, Ltd. (MHPS) through its local subsidiary, MHPS Saudi Arabia, Co., opened its new Turbine Rotor Repair Facility in Dammam, and announced plans to manufacture its most... More

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Abu Dhabi Firm Starts Investor Meetings ahead of Planned Bond
19/10/2017 11:00 GMT

Abu Dhabi Crude Oil Pipeline, indirectly wholly owned by Abu Dhabi's state-owned oil company ADNOC , on Thursday starts a series of fixed-income investor meetings ahead of a planned US$3 billion... More

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Senior GCC Official Reports Aid to Yemen
24/09/2017 09:26 GMT

The GCC member states have provided assistance to Yemen worth more than US$15 billion over the last ten years, a senior GCC official revealed. ''Since 2015 until August 2017, the amount of... More

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General News

OPEC Seen Leaning towards Extending Output Cut Deal
19/10/2017 09:44 GMT

OPEC is leaning towards extending a deal with Russia and other non-members to cut oil supply for a further nine months, four OPEC sources said, although stronger-than-expected demand growth may allow... More

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