Algeria

Algeria to Start Cooperation with Iran's MAPNA
04/08/2015 06:49 GMT

Algerian ambassador to Tehran has paid a visit to MAPNA Group and emphasized improving relations with the Company. Algerian Ambassador Mr. Abdel-Monem Ahriz visited MAPNA Group to find more about... More


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Bahrain

APM Terminal Bahrain Names New Managing Director
04/08/2015 04:23 GMT

APM Terminals Bahrain, the operator of the Khalifa Bin Salman Port, has appointed Mark Hardiman as its new managing director with effect from the start of this month. Hardiman, previously the chief... More


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Egypt

Egypt Concession Good Opportunity for Hibiscus Petroleum
05/08/2015 08:31 GMT

Hibiscus Petroleum Bhd wholly-owned subsidiary, Gulf Hibiscus Ltd, has been awarded an offshore oil exploration concession located in the southern Gulf of Suez, the most prolific petroleum province... More


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Iran

Iran Economy on Growth Path
05/08/2015 09:03 GMT

Minister of Economic Affairs and Finance played down expectations that the termination of anti-Iran sanctions under a nuclear deal between Tehran and world powers would have immediate results on the... More


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Iraq

Kurdistan to Start Payments to IOCs in September
05/08/2015 09:13 GMT

The Kurdistan Regional Government has announced plans to start paying oil companies a proportion of the revenues from crude oil sales. Starting from September 2015, the Kurdistan Regional Government,... More


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Kuwait

Iran Envoy to Kuwait: Seeking No-Concern Economic Cooperation in the Region
05/08/2015 05:34 GMT

Iranian Ambassador to Kuwait Alireza Enayati called on regional states to start trading with Iran without any concern. Calling Iranian nuclear program peaceful and safe, he asked regional countries... More


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Libya

Decline in Libya Food Imports
02/08/2015 07:26 GMT

Imports of food, including wheat, are dropping sharply to Libya, which has the highest per capita bread consumption in the world, as foreign shippers run scared of making direct deliveries due to... More


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Oman

Funding for Water Desalination Projects Gets Omani Council’s Nod
05/08/2015 07:46 GMT

Oman has approved funding for research projects that aim to harness renewable energy sources for water desalination in the Sultanate, according to a report. The move by the Research Council has been... More


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Qatar

Qatari Diar Venture Agrees to Sell London Offices
05/08/2015 09:32 GMT

A venture between Qatari Diar Real Estate Investment Co and Canary Wharf Group agreed to sell two office buildings in London’s South Bank district to Almacantar for more than £550 million (US$857... More


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Saudi Arabia

Saudi-Based GIB Capital Bags Awards
05/08/2015 08:55 GMT

GIB Capital, the Saudi-based investment banking arm of Bahrain-based Gulf International Bank (GIB), has won three awards given by EMEA Finance magazine for key transactions last year. GIB Capital... More


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UAE

KSA, UAE Attract Most of MENA Investment Activity by Value
05/08/2015 08:52 GMT

UAE and Saudi Arabia attracted over 75% of MENA investment activity by value, reflecting their scale and stability and increased availability of larger target assets, the MENA Private Equity... More


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Yemen

Yemen's Houthis to Allow Fuel Price Hike
29/07/2015 04:53 GMT

The Houthi authorities who control much of Yemen, including the capital Sanaa, plan to let fuel prices rise in a sign of growing financial pressure on their administration since was broke out in... More


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General News

KSA, UAE Attract Most of MENA Investment Activity by Value
05/08/2015 08:52 GMT

UAE and Saudi Arabia attracted over 75% of MENA investment activity by value, reflecting their scale and stability and increased availability of larger target assets, the MENA Private Equity... More


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