Algeria

Oil Jumps After Algeria’s Comments on OPEC+ Cuts
09/04/2020 10:46 GMT

The price of a West Texas Intermediate barrel of oil shot up on Wednesday afternoon by nearly 7% shortly after OPEC’s President gave the market fresh optimism about the virtual OPEC+ meeting. “The... More


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Bahrain

Doosan Vina Delivers Huge Desalination Devices to Bahraini Bapco
09/04/2020 10:41 GMT

Leading South Korean engineering firm Doosan Heavy Industries and Construction Company said its Vietnamese unit Doosan Vina has successfully exported three huge desalination devices weighing over... More


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Egypt

L&T Nets Major GCC, Egypt Substation Deals
09/04/2020 09:45 GMT

India's top engineering and construction firm Larsen & Toubro (L&T) said one of its key subsidiaries, Power Transmission & Distribution, has secured major orders for substations - in the range of... More


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Iran

Iran Majlis Approves President’s Pick for Agricultural Jihad Ministry
08/04/2020 08:52 GMT

The Iranian Majlis on Wednesday gave a vote of confidence to the new minister of Agricultural Jihad nominated by President Hassan Rohani. During an open session this morning, the Majlis discussed the... More


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Iraq

Rocket Attacks Held Near Oil Sites: Basra Oil
07/04/2020 07:57 GMT

Iraq's state-run Basra Oil Co. said Monday four rockets fell near its oil facilities in the city of Basra without causing damage or casualties. The attacks took place at 3:30 am local time (0030 GMT)... More


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Kuwait

Intention at OPEC+ Meeting to Reach Agreement on Output Cut: Kuwaiti Minister
09/04/2020 10:49 GMT

Kuwait’s oil minister said talks with countries attending an OPEC+ meeting are intended to move toward reaching an agreement to reduce production by 10 million-15 million barrels per day, Kuwait’s... More


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Libya

Libya’s NOC Receives More Medical Equipment to Help with Coronavirus
08/04/2020 04:17 GMT

A second batch of medical equipment was received by NOC Sunday. Thousands of people across Libya will benefit from these new medical supplies designed to help doctors and nurses deal with the... More


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Oman

Central Bank of Oman: Economy to Remain Subdued This Year
09/04/2020 10:25 GMT

A rebound in the Omani economy is anticipated in 2021 while the remaining part of 2020 is expected to remain subdued, weighed down by the effects of the coronavirus (COVID-19) pandemic and the slump... More


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Qatar

Qatar Petroleum Postpones Start-Up of North Field LNG Expansion
08/04/2020 04:44 GMT

Qatar is pushing back the start-up of the first phase of its North Field LNG Expansion Project by up to six months so that it will now enter production in 2025, according to the emirate's sovereign... More


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Saudi Arabia

Saudi PIF Builds Stake in Equinor ASA
09/04/2020 09:43 GMT

Saudi Arabia’s sovereign wealth fund built a stake worth about US$200 million in Equinor ASA as the kingdom navigates the impact of the coronavirus pandemic and plummeting crude prices. The Public... More


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UAE

Select UAE Govt. Employees to Get Paid Leave
09/04/2020 09:57 GMT

The UAE Cabinet, chaired by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, adopted a resolution to grant paid leave to select categories of Federal... More


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Yemen

Coalition Announces Ceasefire in Yemen
09/04/2020 10:02 GMT

The Joint Forces Command of the Coalition to Restore Legitimacy in Yemen has declared a comprehensive ceasefire in Yemen for a period of two weeks, starting on Thursday (April 9) at 12:00 KSA time.... More


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General News

Intention at OPEC+ Meeting to Reach Agreement on Output Cut: Kuwaiti Minister
09/04/2020 10:49 GMT

Kuwait’s oil minister said talks with countries attending an OPEC+ meeting are intended to move toward reaching an agreement to reduce production by 10 million-15 million barrels per day, Kuwait’s... More


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