Algeria

Fall in Algeria’s Monthly Inflation
29/03/2017 04:16 GMT

Algeria's annual inflation rate hit 7% in February 2017, the National Office of Statistics (ONS) told APS on Monday. The annual inflation rate in February 2017 represents the evolution of the... More


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Bahrain

Majid Al Futtaim Cinemas to Open Imax Theatres in Bahrain, UAE
29/03/2017 04:18 GMT

Imax Corporation and Majid Al Futtaim Cinemas, the operator of VOX Cinemas and the largest exhibitor in the Middle East, have announced a hybrid joint revenue share agreement for three Imax theatres... More


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Egypt

BP Makes Gas Discovery in Egypt
27/03/2017 05:19 GMT

BP has made a gas discovery in the North Damietta Offshore Concession in Egypt's East Nile Delta, its third in the block, it said on Sunday. The Qattameya Shallow-1 exploration well was drilled to a... More


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Iran

Production Starts from Iran's South Pars Field
20/03/2017 05:48 GMT

Oil wells at Iran's South Pars gas field ( South Pars Oil Layer ) started production for the first time on Sunday (19 March 2017), Iranian oil ministry news agency SHANA reported. South Pars is a... More


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Iraq

Genel Slashes Reserves Estimate for Iraqi Kurdistan
29/03/2017 04:16 GMT

Genel Energy, one of a handful of foreign oil producers in Iraqi Kurdistan, slashed its reserves estimate for Taq Taq Oil Filed , its largest operational field, by about 66% and suspended its 2017... More


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Kuwait

Kuwaiti Minister Sees US$50-US$55 Oil Price Suitable
28/03/2017 05:17 GMT

Oil at US$50 to US$55 a barrel would put producers in a “good position” with stockpiles expected to fall later this year, according to Kuwait’s Oil Minister Issam Almarzooq. “I think if we can... More


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Libya

Libya's NOC Challenges Energy Sector Decree
28/03/2017 06:25 GMT

Libya's National Oil Corporation (NOC) said on Monday it had asked the UN-backed government in Tripoli to withdraw a resolution that seeks to allocate powers over the oil sector. The leadership of... More


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Oman

Oman Air Increases Connectivity to Europe & North Atlantic
29/03/2017 04:29 GMT

Oman Air, the national airline for the Sultanate of Oman, is continuing its expansion across Europe and North America by signing a new partnership agreement with Lufthansa. Under the new agreement... More


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Qatar

Brexit Chance to Boost LNG Supplies to UK: Qatari Minister
29/03/2017 05:30 GMT

Qatar sees Britain's exit from the European Union as an opportunity to boost supplies of liquefied natural gas to the world's fifth-largest economy and is open to investing in British energy assets,... More


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Saudi Arabia

Official Hails Saudi-Jordanian Joint Fund
29/03/2017 06:48 GMT

The establishment of a joint fund to launch an estimated US$3 billion worth of investments was a milestone in the implementation of a project that would serve the interests of both the kingdoms, a... More


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UAE

Abu Dhabi Eyeing Gasoline in 2nd Tender after January Fire
29/03/2017 06:56 GMT

Abu Dhabi National Oil Co (ADNOC) is seeking a total of 316,000 tons of gasoline for shipment in May and June to help make up for a shortfall in its own production following a fire in January at its... More


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Yemen

Equipment Ordered to Restart Oilfield in Yemen: Petsec
15/03/2017 05:43 GMT

Petsec Energy has announced the execution of a contract for the manufacture and delivery of oil tanker loading equipment to be installed at the An Nagyah Central Processing Facility (CPF) within the... More


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General News

Report on Total Industrial Investment in GCC
29/03/2017 04:31 GMT

The total investment in the GCC's industrial sector is estimated at US$394.9 billion, with 17,596 factories employing approximately 1.66 million workers, according to a senior official at... More


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