Algeria

Algerian Minister: OPEC Reaches Consensus on 90-Day Extension of Cuts
01/12/2020 08:42 GMT

OPEC members have reached a consensus on the need to extend existing oil production cuts for three months from January and will work on convincing their allies in the wider OPEC+ group to support... More


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Bahrain

Bahraini Industry Minister Visits Israel Innovation Expo
03/12/2020 10:25 GMT

Industry and Commerce Minister Zayed bin Rashid Al-Zayani visited Israel Innovation Expo in Jerusalem, on the occasion of the Bahraini delegation’s visit to the Sate of Israel. During the visit, the... More


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Egypt

United Oil & Gas Updates Abu Sennan Work Program in Egypt
03/12/2020 11:32 GMT

United Oil & Gas PLC has provided an update on the Abu Sennan License in Egypt (United 22% working interest), including the signing of the rig contract for the ASH-3 well which will target the... More


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Iran

Iranian Steel Industry Sees Impressive Growth
03/12/2020 05:17 GMT

Iranian steel industry has outshined the world producers in this sector during the first 10 months of 2020, as based on the World Steel Association (WSA) Iran produced 23.8 million tons of the... More


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Iraq

Najaf Launches Road Project with KSA
03/12/2020 11:48 GMT

The Governor of Najaf governorate has announced a new road project linking the governorate with the Kingdom of Saudi Arabia (KSA). Luay Al-Yassiry is quoted as saying that the project will include... More


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Kuwait

Tenders Floated for Kuwait Airport Phase 3 Development Work
03/12/2020 06:28 GMT

Kuwait's Central Agency for Public Tenders (CAPT) has floated tenders for the construction and maintenance of the parking lots and aircraft runways and service buildings at the new passenger terminal... More


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Libya

NOC Chairman & Eni CEO Review Libya Work
03/12/2020 11:34 GMT

Chairman of the Board of Directors at the National Oil Corporation (NOC), Eng. Mustafa Sanalla, received Monday morning 30 November 2020 at NOC Headquarters (Intissar Hall) in Tripoli the Chief... More


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Oman

Oman Oil Marketing Co. Appoints New Acting Chief Executive
03/12/2020 05:22 GMT

Oman Oil Marketing Company (OOMCO) has appointed Hussain Jamaa Ismail Bait Ishaq as the Acting Chief Executive Officer replacing David Michel Kalife. Bait Ishaq, who is currently the general manager... More


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Qatar

New Property Law Seen Helping Diversify Qatar’s Market
03/12/2020 05:14 GMT

Key developments announced by the government, such as Qatar’s new property law, would benefit the burgeoning expatriate population here, as well as foreign investors in the country, an expert in the... More


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Saudi Arabia

Najaf Launches Road Project with KSA
03/12/2020 11:48 GMT

The Governor of Najaf governorate has announced a new road project linking the governorate with the Kingdom of Saudi Arabia (KSA). Luay Al-Yassiry is quoted as saying that the project will include... More


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UAE

Australia-United Arab Emirates Business Council Launched
03/12/2020 05:41 GMT

The first-ever Australia-United Arab Emirates Business Council aimed at deepening bilateral trade and investment and expanding opportunities for Australian and UAE businesses was launched in Sydney... More


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Yemen

Iraq Falls in Prosperity Index, Yemen in Last 3
01/12/2020 05:22 GMT

Iraq has fallen one place in this year's Legatum Institute Prosperity Index, ranking in 137th place out of the 167 countries measured. The Index consists of 12 pillars of prosperity, built upon 66... More


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General News

Oil Ups as Market Awaits Output Deal
03/12/2020 10:34 GMT

Oil prices rose on Wednesday as the market awaited a pact from producers on output, which many traders expect will continue to be reined in, and Britain’s approval of a COVID-19 vaccine gave hopes... More


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