Algeria

Algerian Sonatrach Employees to Gradually Resume Work
28/05/2020 04:10 GMT

Sonatrach general management has announced that the total resumption of work activities of its employees will be undertaken gradually in accordance with the guidelines previously set out by public... More


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Bahrain

Bahraini Investcorp Closes 2nd Italian NPL Fund
27/05/2020 09:06 GMT

Investcorp, a leading global provider and manager of alternative investment products, today announced the fully subscribed final closing of approximately €340 million in commitments for its second... More


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Egypt

Egypt Planning Investments in Petchem Projects
26/05/2020 07:01 GMT

The Egyptian Ministry of Petroleum and Mineral Resources is considering the implementation of 11 new petrochemical projects at a total value of around EGP 19 billion (US$1.2 billion), Minister of... More


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Iran

Iran's SCI Reports National Inflation Rate of Food & Beverages
28/05/2020 04:11 GMT

Based on a report by the Statistical Center of Iran (SCI), the national and urban price index of the group of Food and Beverages (2016-17=100) in Ordibehesht 1399 (20 April-20 May 2020) are as... More


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Iraq

Oil-Rig Count Falls in Iraq as IOCs Ordered to Cut Spending
28/05/2020 09:15 GMT

Iraq's oil-rig count has tumbled by almost two-thirds this year after international oil companies were ordered to cut spending because of the oil crash and OPEC's second-largest producer agreed to... More


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Kuwait

Iraq Pushes for Rescheduling of Reparations to Kuwait
27/05/2020 07:27 GMT

Iraq's Minister of Finance, Ali Allawi, arrived in Kuwait on Saturday for talks with senior officials. Allawi held discussions with the Prime Minister of Kuwait, Sheikh Sabah Al-Khalid Al-Sabah, on... More


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Libya

NOC Helps Fight Coronavirus in Libya’s Central & Eastern Regions
25/05/2020 04:24 GMT

The concentrated efforts of Libya’s National Oil Corporation (NOC) and its subsidiaries continue in providing medical equipment and devices needed to prevent the spread of the Coronavirus virus... More


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Oman

Construction of Oman’s Largest Solar PV Project Makes Headway
28/05/2020 04:10 GMT

Shams Ad-Dhahira Generating Company SAOC (SAGC), which is developing Oman’s biggest utility-scale solar PV project, says it is making headway in the implementation of the giant scheme at a sprawling... More


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Qatar

Qatari Nakilat Transitions Q-Flex LNG Al Kharaitiyat to in-House Management
28/05/2020 08:32 GMT

Nakilat has assumed full ship management and operations of Q-Flex LNG carrier Al Kharaitiyat from Shell Trading and Shipping Company Limited (Shell) with effect from 27 May 2020, as part of the... More


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Saudi Arabia

Public Sector Employees to Gradually Return to Work in KSA
28/05/2020 04:54 GMT

Saudi Minister of Human Resources and Social Development Ahmed bin Sulaiman Al-Rajhi announced that public sector employees will gradually return to work starting May 31 as the Kingdom starts to ease... More


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UAE

Empower’s Dubai District Cooling Networks Expand in 2019
28/05/2020 04:13 GMT

Emirates Central Cooling Systems Corporation (Empower) said the total length of its district cooling pipeline network in various regions of Dubai surged to more than 320 km last year, up 16% compared... More


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Yemen

FAO Warns of Possible Catastrophic Food Situation in Yemen
20/05/2020 04:12 GMT

Yemen, already pushed to the brink of famine by a five-year war, could see a “catastrophic” food security situation due to the coronavirus pandemic and lower remittances from the GCC, the UN’s Food... More


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General News

KPMG: GCC Banks Consolidation Drive to Continue in 2020
28/05/2020 04:13 GMT

Lenders in the GCC have been rapidly consolidating as they seek to remain competitive, KPMG said and noted the drive will continue in 2020 across the region. In 2019, most GCC countries experienced... More


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