Algeria Cancels Plan to Let Foreigners into Farmland Concessions
22/05/2018 10:03 GMT

Algeria has dropped a plan to open up farmland concessions to foreign investors for the first time, a government official told Reuters on Monday, apparently reflecting continuing sensitivity about... More

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SMEs Development Society of Bahrain, Oman's Zubair SEC Ink Agreement
22/05/2018 09:59 GMT

SME Development Society of Bahrain and Oman's Zubair Small Enterprises Center (Zubair SEC) signed a Partnership Agreement aimed at jointly exploring entrepreneurship development and support... More

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UAE's Arabtec Unit Grabs Egypt Deal
23/05/2018 05:00 GMT

Arabtec, a leading contractor for social and economic infrastructure, has announced that its wholly-owned subsidiary, Arabtec Construction has won a Dh157 million (US$42.7 million) contract to... More

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Iran Gasoline Consumption Rises
23/05/2018 06:44 GMT

Gasoline consumption reached 84.7 million liters on daily average in Ordibehesht (21 April - 21 May). This indicates a rise of 8.2% compared to the same period last year (March 2017-18) which was... More

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Iraq's HEESCO Pens Deals with Intl. Firms
23/05/2018 05:11 GMT

Iraq’s Heavy Engineering Equipment State Company (HEESCO) has signed deals with three international companies in the oil, petrochemical and the marine industries: •UK-based Weir Engineering... More

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Kuwaiti Tamdeen Breaks Ground on Waterfront Project
22/05/2018 04:15 GMT

Kuwait’s leading property developer Tamdeen Group has broken ground on its KD250 million (US$824 million) Al Khiran Project, The New Pulse of Kuwait, located in the heart of Sabah Al Ahmad Sea... More

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Sanalla Attends Libyan British Business Council
14/05/2018 09:49 GMT

Mustafa Sanalla, chairman of Libya’s state-run National Oil Corporation (NOC), and a delegation from Libya participated in a high-level forum in Aberdeen. The event was put on by the Libyan British... More

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Element Opens New Laboratory in Duqm
23/05/2018 05:15 GMT

UK-based Element Materials Technology has opened a new laboratory in Duqm, Oman, to offer improved access to expert testing services for customers in the region. Element specialises in providing a... More

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TIPAX Co. & Qatari Post Co. Ink MoU for Broadening Cooperation
23/05/2018 05:23 GMT

A memorandum of understanding (MoU) was signed between Iran’s TIPAX Company and Qatar Post Company to broaden and enhance cooperation, the company’s Public Relations Dept. announced. Facilitating the... More

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Saudi Arabia

Saudi Bourse Announces Closing Price Mechanism Changes
22/05/2018 08:59 GMT

Saudi Stock Exchange (Tadawul) has announced major changes in the methodology for determining the opening and closing prices on both the Main Market and Nomu - Parallel Market - effective from May 27... More

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UAE's Adnoc Downstream Strategy Draws Keen Interest
23/05/2018 06:17 GMT

The Abu Dhabi National Oil Company (Adnoc) said it is receiving considerable interest from potential partners as it explores a range of new growth options to accelerate the delivery of its recently... More

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Yemeni Houthis Fire Missile at Aramco Facility, Saudi Says It Falls in Desert
15/05/2018 07:17 GMT

Yemen’s armed Houthi movement launched a ballistic missile at a Saudi Aramco facility in Saudi Arabia’s southwestern Jizan province on Monday, the group’s al-Masirah TV reported, but a Saudi-led... More

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General News

OPEC May Decide to Ease Oil Supply Curbs in June
23/05/2018 06:27 GMT

OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply and after Washington raised concerns the oil rally was going too far, OPEC and oil industry... More

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