Algeria Ex-Industry Minister Detained in Graft Probe
17/07/2019 04:28 GMT

Algeria’s former industry minister has been placed in provisional detention on allegations of squandering public money, state television reported. Youcef Yousfi is the latest among a series of... More

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Bahraini Bapco's Modernization Program on Track
17/07/2019 04:27 GMT

Bahrain’s ambitious US$6 billion Bapco Modernization Program (BMP) is 25% complete with US$1 billion having already been spent, said Dr Pete Bartlett, Bapco CEO. More than 1300 kms of instrument... More

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Egypt's EEHC Delays Coal-Fired Plant Due to Production Surplus
17/07/2019 04:28 GMT

The Egyptian Electricity Holding Company (EEHC) decided to postpone the signing of contracts with AlNowais Investment Company for the construction of a coal-fired power station in the Oyoun Mousa... More

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Portugal Suspends Visas for Iranians, Cites Security Reasons
17/07/2019 05:03 GMT

Portugal has suspended the issuance of entry visas for Iranian nationals for unspecified security reasons, Foreign Minister Augusto Santos Silva said on Tuesday, adding the move was not related to... More

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Iranian Official Estimates Gas Income Received via Iraq Exports
17/07/2019 04:28 GMT

The Secretary General of Iran-Iraq Joint Chamber of Commerce Hamid Hosseini said that Iran would earn US$4-US$5 billion from electricity and Gas Exports to Iraq in 1398 (March 2019-20). He also... More

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Kuwait Oil Company Awards Tender to KGL Logistics
16/07/2019 09:05 GMT

The Central Agency for Public Tenders (CAPT) has approved the Kuwait Oil Company (KOC) request to award KGL Logistics Company a KWD 12 million (US$39.6 million) contract for providing materials... More

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Libya’s Oil Revenue Takes Beating
16/07/2019 09:43 GMT

Libya’s oil revenue took a beating in the first half of 2019, according to its central bank as reported by Reuters. In the first six months of the year, Libya’s oil revenues were down 11.2% from the... More

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Oman Plans 1st-Ever Thermal Solar Project at Duqm
17/07/2019 04:28 GMT

The Oman Power and Water Procurement Company (OPWP) — the sole procurer of new electricity and water capacity under the Sector Law — is contemplating the development of the nation’s first-ever... More

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Qatar Financial Center Strengthens HK Ties
16/07/2019 04:12 GMT

The Qatar Financial Center (QFC), one of the world’s leading and fastest growing onshore business and financial centers, signed a number of agreements and held high-level B2B meetings with key Hong... More

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Saudi Arabia

Saudi Alfanar to Invest in UK Renewable Energy
16/07/2019 09:36 GMT

The Alfanar Group, one of Saudi Arabia’s largest industrial conglomerates, has announced that it will set up a renewable energy office in the UK, through its subsidiary “Alfanar Energy UK Ltd.” The... More

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UK Actis Takes On Management of 2 UAE's Abraaj Funds
17/07/2019 04:27 GMT

Actis said on Monday it had acquired the rights to manage two private equity funds previously managed by collapsed buyout firm Abraaj, in a deal aimed at strengthening its position in the Middle East... More

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UAE Opens Solar Water Pumping Station in Yemen
15/07/2019 07:36 GMT

The UAE has opened an integrated solar-powered water pumping station in the district of Naseeb in the Shabwa Governorate of Yemen. The unit will supply water to residents of Dar'aa and Mouriba areas... More

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General News

Oil Dips as US Resumes Gulf of Mexico Production, Ups Shale Supplies
16/07/2019 08:38 GMT

Oil prices dipped on Tuesday, extending losses from the previous session, as output in the U.S. Gulf of Mexico resumed after Hurricane Barry and as U.S. shale production is set to rise to a record.... More

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