Algeria

Algerian-Indian Joint Commission Holds Meeting
28/05/2015 09:26 GMT

Minutes of a meeting and three documents concerning cooperation in the sectors of information, communication and culture were signed Tuesday, in Algiers, at the end of the 9th Algerian-Indian Joint... More


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Bahrain

Bahraini BIBF & KPMG Pen Deal
28/05/2015 08:13 GMT

Bahrain Institute of Banking and Finance (BIBF) has signed a memorandum of understanding (MoU) with KPMG in Sri Lanka to offer the financial services industry in Bahrain and the wider region with the... More


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Egypt

AfDB Commits Fund to Energy Projects in Egypt
28/05/2015 08:18 GMT

The African Development Bank will allocate US$700 million for the support of energy sector projects in Egypt, AfDB president Donald Kaberuka said in the inaugural of the 50th Annual Meeting of the... More


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Iran

Iran President Stresses Development of Creative Economy
28/05/2015 10:10 GMT

President Hassan Rohani said that development of creative economy is regarded as a major stride towards bolstering resistance economy. Speaking at cabinet meeting, he said the government should allow... More


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Iraq

1st Phases of 2 Iranian Joint Fields with Iraq to Come Online in 2015-16
25/05/2015 09:44 GMT

Managing Director of the Arvandan Oil and Gas Company told reporters that the first phases of the North Azadegan Oil Field and Yadavaran Oil Field development plans are to come online in 1394 (March... More


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Kuwait

Chevron: Joint Saudi-Kuwaiti Oilfield to Remain Shut
28/05/2015 06:03 GMT

A jointly-operated onshore oilfield between Saudi Arabia and Kuwait will remain shut until difficulties to operate are resolved, a spokeswoman for US oil major Chevron said. “Current difficulties in... More


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Libya

Libya Airports Halt Flights over Pay Strike
27/05/2015 04:35 GMT

Libya's three main airports cancelled flights on Tuesday morning because of strikes by ground staff complaining they have not been paid for two months, airport officials said. The walkouts highlight... More


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Oman

Laborers Working Illegally on Muscat Intl. to be Deported
28/05/2015 05:54 GMT

Oman plans to deport over 1,000 foreigners found to be working illegally on a multi-billion dollar project to expand Muscat International Airport, in a sign of tensions between its labor policy and... More


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Qatar

Qatargas Sells 1st LNG Cargo to Jordan
28/05/2015 09:30 GMT

Qatargas has sold the first cargo of liquefied natural gas (LNG) to Jordan as part of broad-basing its markets across the world. The LNG from Qatar was loaded on-board the Floating Storage and... More


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Saudi Arabia

Chevron: Joint Saudi-Kuwaiti Oilfield to Remain Shut
28/05/2015 06:03 GMT

A jointly-operated onshore oilfield between Saudi Arabia and Kuwait will remain shut until difficulties to operate are resolved, a spokeswoman for US oil major Chevron said. “Current difficulties in... More


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UAE

UAE’s Nakheel Signs Up Restaurants for waterfront project
28/05/2015 10:27 GMT

Leading developer Nakheel has confirmed nearly 100 restaurants and shops at The Pointe, its new Dh800 million (US$217 million) waterfront retail, dining and entertainment complex, under construction... More


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Yemen

OMV Profit Dips on Weak Oil, Crisis in Libya & Yemen
19/05/2015 04:37 GMT

Austrian energy group OMV's first-quarter underlying operating profit fell by half to 333 million euros (US$380.3 million) as oil prices dropped, beating market expectations. The average estimate in... More


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General News

NOCs in GCC Uniquely Positioned to Face Oil Price Challenges
28/05/2015 04:42 GMT

The depressed oil prices predominant since late last year could herald a lasting trend if, as evidence suggests, we are now facing the low-price segment of an oil ‘super cycle’, according to the... More


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