Algeria

Bill on Retirement Adopted by Algeria’s APN
01/12/2016 07:59 GMT

The bill modifying and supplementing the law of 2 July 1983 on retirement has been adopted Wednesday by the majority of the members of the People’s National Assembly (APN). The bill was voted during... More


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Bahrain

Bahraini Developer Awards Key Marine Works Deal
01/12/2016 07:40 GMT

Bahrain Marina Development Company, a wholly-owned subsidiary of the Social Insurance Organization (SIO), has awarded Al Hassanain Contracting Company the contract to execute and complete the marine... More


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Egypt

Egypt Accepts 6 Bids for Oil & Gas Exploration
04/12/2016 06:27 GMT

Egypt has accepted six bids for oil and gas exploration worth a total investment of up to US$200 million, the Ministry of Petroleum said on Friday. In May, the General Authority for Petroleum... More


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Iran

Azerbaijan Halts Gas Exports to Iran
04/12/2016 07:39 GMT

The State Oil Company of Azerbaijan (SOCAR) has announced that it halted gas exports to Iran due to some repairs. Repair operations affected gas distribution stations of Alvandi, Gouytappeh, and... More


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Iraq

Iraq's Oil Exports Hit Record in November
04/12/2016 06:31 GMT

Iraq's oil exports hit a record high 4.051 million barrels per day (bpd) in November, the oil ministry said on Thursday. Exports from southern oilfields totaled 3.407 million bpd, it said. Kirkuk... More


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Kuwait

Construction of Kuwait’s Azzour North One Completed
01/12/2016 09:26 GMT

Kuwait has announced the successful completion of the construction phase of its $1.7 billion Azzour North One, the first independently-owned utility plant in the country, said a report. The Azzour... More


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Libya

Libya Says Will Not Participate in Any OPEC Output Cut Deal
28/11/2016 04:40 GMT

Libya's National Oil Corporation (NOC) said on 26 November it would not take part in any OPEC production cuts for the "foreseeable future" as the North African country tries to bring crude output... More


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Oman

Averda Expands Service Portfolio Oman
04/12/2016 05:44 GMT

Averda, a major environmental solutions provider in region, has expanded its waste management services in Oman with two new contract wins for waste collection and landfilling services in Al... More


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Qatar

Qatari Nakilat Takes Over LNG Carrier'S Operations
04/12/2016 07:19 GMT

Nakilat, a Qatari LNG transport company, has assumed full ship management and operations of Q-Max LNG carrier Al Ghuwairiya from STASCo (Shell Trading and Shipping Company) with effect from December... More


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Saudi Arabia

Dubai-Based Careem to Launch in New Cities in KSA, Egypt
04/12/2016 05:39 GMT

Careem, the region’s leading app-based car booking service based in Dubai, recently launched operations in Istanbul, Turkey with plans to increase presence in 15 new cities in Saudi Arabia, Egypt and... More


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UAE

Millions of Visitors to be Attracted to UAE Theme Parks by 2020
04/12/2016 06:08 GMT

The UAE’s existing and new generation theme parks will attract more than 19 million admissions a year by 2020 if current trends continue, according to data released by Colliers International ahead of... More


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Yemen

Petsec Acquires Remaining Interest in Yemeni Block from Kuwaiti Firm
16/11/2016 09:44 GMT

Petsec Energy has executed an agreement with Kuwait Foreign Petroleum Exploration Company (KUFPEC) to acquire their 25% working interest in Yemen Block 7 , Al Barqa Permit. The KUFPEC transaction... More


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General News

OPEC Agreement Removes Volatility from Oil Market
04/12/2016 06:33 GMT

For the first time in more than 18 months, there is reason to believe that most of the volatility will be removed from the oil market, following a consensus agreement reached between members of the... More


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