Algeria

Algerian Firms Seek to Diversify Mexico Economic Ties
25/11/2014 11:26 GMT

President of the Algerian Chamber of Commerce and Industry (CACI) Mohamed El Aid Benamor said Sunday, in Algiers, that Algeria is interested in diversifying its economic partnership with Mexico... More


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Bahrain

Bahraini BIHR Bags Quality Award
26/11/2014 06:50 GMT

Bahrain Institute of Hospitality and Retail (BIHR) has been graded 'Good' and awarded a 'silver' seal by the National Authority for Qualifications and Quality Assurance for Education and Training in... More


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Egypt

Cyprus & Egypt Negotiate on Pipeline Agreement
26/11/2014 09:30 GMT

Cyprus and Egypt agreed on 25 November 2014 to accelerate talks on the potential export of Cypriot gas to Egypt, once the resources come on line. Cyprus discovered natural gas offshore in late 2011,... More


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Iran

Deputy Minister Calls for Removal of Visa Formalities between Iran & Iraq
26/11/2014 09:40 GMT

Iraqi Deputy Foreign Minister Mouhammad Jawad Al-Doraky hoped for speedy cancellation of visa formalities between Iran and Iraq. Speaking to reporters at the end of the 7th Iran-Iraq joint consular... More


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Iraq

Deputy Minister Calls for Removal of Visa Formalities between Iran & Iraq
26/11/2014 09:40 GMT

Iraqi Deputy Foreign Minister Mouhammad Jawad Al-Doraky hoped for speedy cancellation of visa formalities between Iran and Iraq. Speaking to reporters at the end of the 7th Iran-Iraq joint consular... More


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Kuwait

Large Refinery Investment Planned by Kuwait
25/11/2014 09:24 GMT

Kuwait National Petroleum Company (KNPC) plans to spend US$40 billion in the period to 2022 on projects including the new Al Zour Refinery (4th Refinery) and a clean fuels project, its chief... More


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Libya

OPEC Planning to Exempt Iran, Iraq, Libya from Production Cut
26/11/2014 05:18 GMT

OPEC is considering exemptions for three nations from any potential oil-production cuts, two people with knowledge of the proposal said. Saudi Arabia’s oil minister said he doesn’t anticipate a... More


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Oman

Oman Air Picks Country Managers for Philippines & Indonesia
26/11/2014 06:50 GMT

Oman Air has appointed new Country Managers for each of the two new destinations it will be flying to from December 2014. Ritchie Tuano has been appointed as Country Manager for the Philippines, in... More


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Qatar

Muntajat & Qatar's Producing Entities Participate in GPCA Annual Forum
26/11/2014 06:50 GMT

Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) and Qatar's leading producing entities have joined forces to represent the State of Qatar's chemical and petrochemical... More


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Saudi Arabia

Saudi-Based Abdulla Fouad Pens JV Deal with EnerMech
26/11/2014 07:47 GMT

International mechanical services group, EnerMech, has announced that it has signed a joint venture agreement with Abdulla Fouad Group (AFG) to support the growth of its operations in Saudi Arabia.... More


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UAE

Majlis Will Annul New Contracts with UAE's Crescent if It’s Against National Interests, MP
26/11/2014 09:28 GMT

Elyas Naderan, Member of the Majlis Budget and Planning Commission, stated if the Ministry of Petroleum signs a new contract with UAE's Crescent that contradicts national interests, Majlis will annul... More


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Yemen

Yemen Oil Revenues Fall
25/11/2014 05:24 GMT

The economy of Yemen still suffers due to the economic indicators of foreign reserves or Yemen's revenues from oil exports which decreased according to official report. Economic experts confirmed... More


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General News

Eyes on OPEC to Stop Losses as Oil Prices Drop
26/11/2014 07:55 GMT

Oil prices dropped early on 26 November 2014 as Asia's top economies showed signs of weakness, but hopes for output cuts by producer club OPEC curbed losses. Benchmark Brent crude oil futures were... More


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