Algeria

Oxy to Keep Algerian Assets
12/08/2020 09:54 GMT

Occidental Petroleum Corp.’s Algerian oil and gas assets are a core holding and will no longer be listed for sale, Chief Executive Officer Vicki Hollub said on a conference call with analysts. In... More


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Bahrain

Bahrain Bourse Announces Listing of New Govt. Bonds
13/08/2020 04:22 GMT

Bahrain Bourse (BHB) has announced the listing of new Government Development Bonds issued by the Central Bank of Bahrain on behalf of the government. The bond will be traded under the symbol... More


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Egypt

Egypt Petroleum Ministry Provides Funds for Covid-19 Medical Supplies
13/08/2020 04:22 GMT

Egypt’s Ministry of Petroleum and Mineral Resources announced EGP 5.4 million (US$338.520) worth of financing to purchase medical supplies and equipment required for the fight against coronavirus,... More


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Iran

US: Iran Briefly Seizes Oil Tanker Near Strait of Hormuz
13/08/2020 09:04 GMT

The Iranian navy boarded and briefly seized a Liberian-flagged oil tanker near the strategic Strait of Hormuz amid heightened tensions between Tehran and the US, a US military official said Thursday.... More


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Iraq

Iraqi Cabinet Approves Contract for Dhi Qar Intl. Airport
13/08/2020 08:42 GMT

The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At its meeting, the Cabinet discussed the urgent needs in Dhi Qar province, and... More


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Kuwait

Kuwait Cuts September Crude OSPs for Asia
13/08/2020 07:20 GMT

Kuwait has cut the official selling prices (OSPs) for crude grades sold to Asian refiners in September, a pricing document showed on Thursday. The producer set the September Kuwait Export Crude (KEC)... More


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Libya

Libya’s NOC Welcomes US Sanctions on Smuggler Network
13/08/2020 08:34 GMT

The National Oil Corporation (NOC) of Libya announced that it welcomes the decision of the United States to impose financial sanctions on a network of smugglers that has contributed significantly to... More


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Oman

Excise Tax On Malt Drinks, Non-Alcoholic Beer Planned in Oman
13/08/2020 04:22 GMT

Malt drinks, non-alcoholic beers, ready-to-drink coffees and teas, and beverages containing artificial sweeteners are among a wide array of products that are liable to 50% Excise Tax when the new... More


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Qatar

Qatar Single Largest LNG Exporter to UK
13/08/2020 04:22 GMT

Qatar, which retained its position as the world’s top liquefied natural gas (LNG) exporter in 2019, also emerged as the single largest LNG exporter to the UK during the year. UK is the world’s 8th... More


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Saudi Arabia

Bilfinger Inks Saudi Tabreed Deal
13/08/2020 09:33 GMT

Babcock Borsig Service Arabia has signed its first digitalization contract with Saudi Tabreed Operations and Maintenance Company for analysis and optimization of the operation of chiller modules with... More


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UAE

Dubai-Based Group Acquires 3 New Intl. Brands
13/08/2020 09:30 GMT

Blue Ocean Global Group, a Dubai-based diversified business conglomerate that represents some of the world’s best-performing telecom, electronics and small domestic appliances as master distributors,... More


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Yemen

Yemen's UNESCO-Listed Old Sanaa Houses Collapse in Heavy Rains
10/08/2020 08:47 GMT

Houses in Yemen’s UNESCO-listed Old City of Sanaa are collapsing under heavy rains, as months of floods and storms assail a country already reeling from war, food shortages and disease. Workers... More


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General News

Oil Declines after Rise on US Stocks Draw
13/08/2020 07:17 GMT

Crude oil prices eased slightly on Thursday but held most of their gains from the previous session after US government data showed a fall in inventories, supporting the view that fuel demand is... More


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