Algeria

Algeria & UNICRI Ink MoU
03/09/2015 08:48 GMT

A memorandum of understanding (MoU) between Algeria and the United Nations Interregional Crime and Justice Research Institute (UNICRI) was signed in Algiers. The MoU is on the creation of a regional... More


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Bahrain

Bahrain-Based Seera Sells Asset to Saudi Firm
03/09/2015 09:05 GMT

Bahrain-based Seera Investment Bank has sold an investment asset to a Saudi Arabian construction company for 424 million Danish Krone (US$63.8 million). The Sharia-compliant investment bank said in a... More


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Egypt

Newly Discovered Gas Field Could Up Egypt’s Political Stability
03/09/2015 05:56 GMT

The discovery of a massive gas field off Egypt’s coast is set to boost the country’s flagging economy and popularity of President Abdul Fattah Al Sissi, according to experts. “In recent years, Egypt... More


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Iran

Iran Holds Highest Assets in Islamic Banking
03/09/2015 05:17 GMT

Iran’s banking assets amount to US$518 billion, making the country the biggest asset holder in Islamic banks, said Mehdi Razavi, the chairman of Iran Banking Institute. Addressing the 26th Annual... More


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Iraq

ShaMaran Announces Iraq Field Results
03/09/2015 09:14 GMT

ShaMaran Petroleum has announced the successful testing and completion of the Chiya Khere-8 (“CK-8″) development well in the Atrush Block in the Kurdistan Region of Iraq. The CK-8 development well... More


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Kuwait

Bad Weather Halts Operations at 3 Ports in Kuwait
03/09/2015 06:04 GMT

Bad weather halted operations at Kuwait's Shuweikh, Shuaiba and Doha ports on Wednesday, state news agency Kuna said, quoting the country's port authority. The ports stopped operations as the... More


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Libya

Report on Libya's AGOCO Output
02/09/2015 05:59 GMT

Libya's eastern state oil firm AGOCO, which runs the Hariga port and the country's biggest oilfield, Sarir, produced 225,000 barrels per day (bpd) of crude in August, a company spokesman said on... More


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Oman

NBC Inks Agreement with Omani Global Chrome Co.
03/09/2015 07:36 GMT

The National Business Centre (NBC), part of the Public Establishment for Industrial Estates (PEIE), has signed an agreement to incubate Global Chrome Co. (GCC). The agreement was signed by Malak al... More


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Qatar

Doha to Host ATAIC Conference
03/09/2015 09:12 GMT

Qatar's Ministry of Finance will host the 12th Technical Conference of the Association of Tax Authorities of Islamic Countries (ATAIC) from 6 to 10 September. The five-day conference in 11 sessions... More


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Saudi Arabia

Bahrain-Based Seera Sells Asset to Saudi Firm
03/09/2015 09:05 GMT

Bahrain-based Seera Investment Bank has sold an investment asset to a Saudi Arabian construction company for 424 million Danish Krone (US$63.8 million). The Sharia-compliant investment bank said in a... More


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UAE

CGG Completes 3D Seismic Survey for Abu Dhabi
03/09/2015 09:01 GMT

CGG announced that, with the support of its Seabed Geosolutions joint venture with Fugro, it has successfully completed the acquisition of a 3D seismic survey over the Hail and Shuweihat oil and gas... More


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Yemen

British Oil Expat Freed in Yemen
24/08/2015 08:19 GMT

A British oil worker kidnapped in Yemen early last year has been freed by a military raid in the country by United Arab Emirates (UAE) troops. Douglas Robert Semple, a petroleum engineer, was... More


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General News

OPEC Production Dips Due to Iraq Disruption
03/09/2015 06:31 GMT

OPEC oil output fell in August from the highest monthly level in recent history, a Reuters survey found on Wednesday, as disruptions to flows on Iraq's northern pipeline halted supply growth from the... More


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