Algeria

Algerian Gas Plant Resumes Normal Operations
02/09/2014 05:07 GMT

Normal operations are resuming at a major gas plant in Algeria, 18 months after a raid by Islamist militants killed 40 employees, with full output expected in a few months, one of the plant's... More


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Bahrain

Bahraini EDB Signs MoU with Japanese Firm
02/09/2014 07:55 GMT

The Economic Development Board of Bahrain (EDB) has signed a memorandum of co-operation with Japan Information Technology Services Industry Association (JISA) at the EDB headquarters in Seef. The... More


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Egypt

Kellogg Seeks to Buy Majority Stake at Bisco Misr
01/09/2014 07:39 GMT

Kellogg Co., the maker of breakfast cereals, Pop Tarts and other packaged food, is seeking to buy a majority stake in Egypt’s Bisco Misr, a confectionery-maker in the most populous Arab... More


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Iran

25th Islamic Banking Confab Kicks Off in Tehran
02/09/2014 09:43 GMT

The 25th Conference on Islamic Banking opened in Tehran on Monday (1 September 2014). The opening ceremony was attended by Minister of Economic Affairs and Finance Ali Tayyebnia, Governor of the... More


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Iraq

Kurdish Crude Oil Tanker Reappears
02/09/2014 05:09 GMT

A tanker carrying disputed Iraqi Kurdish crude oil reappeared on satellite tracking on Monday near Texas, days after having gone silent with a US$100 million cargo, but the latest vessel data showed... More


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Kuwait

Kuwait’s Crude Oil Exports to Japan Fall
02/09/2014 05:09 GMT

Kuwait's crude oil exports to Japan fell 12.8% in July from a year earlier to 6.06 million barrels, or 195,000 barrels per day (bpd), down for the fourth straight month, according to government... More


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Libya

Libyan Oilfield’s Output Improves
31/08/2014 07:52 GMT

Libya's Waha Oil Co. has resumed a small volume of Es Sider crude oil production, a senior Libyan oil official said on Thursday in the latest sign that output is improving despite unrest in the... More


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Oman

Sohar Cargo Operations to Boost Oman Growth
01/09/2014 04:31 GMT

The transfer of most commercial cargo activities from Muscat port to Sohar, is critical to boosting tourism and future industrial development in Oman, according to leading international real estate... More


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Qatar

Qatar Airways Launches Dreamliner Service to Vienna
02/09/2014 07:04 GMT

Qatar Airways said it has introduced its Boeing 787 Dreamliner aircraft to the Vienna route. The increase in demand in the region and the airline’s steadfast commitment to the Austrian market has... More


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Saudi Arabia

KSA’s Central Bank May Cap Retail Lending
02/09/2014 09:41 GMT

Saudi Arabia's central bank has published new consumer lending regulations which give it the power to cap retail lending at individual banks and limit the fees that banks can charge. The rules could... More


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UAE

UAE’s ADIB Formally Completes Barclays Unit Purchase
02/09/2014 07:57 GMT

Abu Dhabi Islamic Bank (ADIB) said it has formally completed the purchase of Barclays’ UAE retail banking business from the British lender. As per the new deal, ADIB and Barclays will now work... More


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Yemen

Energy MoU Signed between Yemen & Tunisia
24/08/2014 06:06 GMT

Yemen and Tunisia have signed in the Tunisian capital Tunis a memorandum of understanding for cooperation between the two countries in the field of energy. The MoU was signed by Deputy Prime Minister... More


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General News

GCC Lenders Report Double-Digit Growth in Profitability
02/09/2014 05:14 GMT

Higher revenues and lower provisions helped the GCC lenders report double-digit growth in profitability year-on-year (YoY) in the second quarter of this year, according to Global Investment... More


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