Morocco Exploring Gas Supply Alternatives after Losing Algerian Contract
18/01/2022 11:00 GMT

The government of Morocco has invited bids to consider a floating storage and regasification unit (FSRU) and associated infrastructure at Mohammedia Port near Casablanca, the Agence Nationale des... More

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SEA Tasks & Powers Transferred to Bahrain's Ministry of Electricity
20/01/2022 09:20 GMT

His Majesty King Hamad bin Isa Al Khalifa has today issued Decree (3) of 2022, transferring the tasks and powers of the Sustainable Energy Authority (SEA) to the Ministry of Electricity and Water... More

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Egyptian Cabinet Approves Issuance of Sovereign Sukuk
20/01/2022 08:26 GMT

The Egyptian cabinet has given a green light to its finance ministry to start the procedures of issuing sovereign sukuk in international markets. The executive regulations for the law are currently... More

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Omani Madayn & Iranian Business Delegation Review Ties
20/01/2022 10:49 GMT

An Iranian business delegation visited Al Rusayl Industrial City, which falls under the umbrella of the Public Establishment for Industrial Estates (Madayn), to get familiarized with the investment... More

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Beicip Franlab Grabs Iraq Deal
20/01/2022 10:25 GMT

French-based petroleum consultancy Beicip Franlab has signed a deal to provide consultancy services to the Iraqi Oil Ministry's Reservoirs & Fields Development Directorate. The Minister of Oil and... More

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Plans to Cut Emissions from Kuwait Govt. Projects to be Reviewed
20/01/2022 05:26 GMT

The Kuwaiti government has ordered a review into plans to reduce emissions from government projects, Bloomberg reported. The cabinet told the GCC state’s Environment Public Authority, EPA, to work on... More

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Libyan Crude Production Rebounds But Disruption Risks Remain Very High
18/01/2022 07:52 GMT

Libyan oil output was back to a one-month high of just under 1.20 million b/d, after weeks of sliding output, sources close to the matter said Jan. 17. But with Libya's political stability still... More

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CBO Approves Due Diligence for Omani Banks’ Merger
20/01/2022 11:15 GMT

Oman's Sohar International Bank on Wednesday said it had received an approval from the central bank to go ahead with the due diligence process for a potential merger with Islamic lender Bank... More

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Inventus Power Inaugurates Facility in Qatar Free Zones
20/01/2022 09:13 GMT

‘Inventus Power’ Company – a global US based leader in advanced battery technology & manufacturing – and ‘Qatar Free Zones Authority (QFZA)’ inaugurated the company’s technical center and... More

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Saudi Arabia

Shares of Saudi Maaden at Highest Value since Listing
20/01/2022 09:06 GMT

Shares of the GCC’s largest mining firm, Saudi-listed Maaden, hit its highest value since listing at SR95.5 (US$25.5). The company's shares reached that level at 10:36 a.m. Saudi time on Thursday... More

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Enova Pens Energy Performance Contract with UAE's Aldar
20/01/2022 07:54 GMT

Enova, the regional leader in the integrated energy and facilities management sector, recently signed a new five-year Energy Performance Contract (EPC) with Aldar as part of a project to reduce... More

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Saudi Arabia Largest Donor to Humanitarian Effort in Yemen
20/01/2022 05:30 GMT

Saudi Arabia was the largest donor country for humanitarian assistance to Yemen in 2021, according to the UN Financial Tracking Service (FTS). The country’s ranking was highlighted during a keynote... More

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General News

US 5G Rollout: Top GCC Carriers, BA, Air India Cancel Some Flights
20/01/2022 07:05 GMT

Major international airlines including GCC carriers Emirates and Qatar Airways, Air India, British Airways, Japan Airlines and Korean Air have canceled flights to the US amid concerns over 5G... More

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