New Algiers Metro Stations Inaugurated
14/11/2018 09:59 GMT

Two new stations of Algiers Underground "Ali Boumendjel" (Downtown Algiers) and "Gué de Constantine" (Kouba) have been inaugurated Tuesday by Minister of Transport and Public Works Abdelghani... More

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Bahrain-Korea Business Forum Starts
14/11/2018 09:34 GMT

Bahrain-Korea Business Forum, co-organized by the Korean embassy in Manama and the Chambers of the Commerce and Industry of both countries, kicked off in Seoul on 13 November 2018. “The organization... More

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Jordan Hopes to Cover 3rd of Its Gas Demand from Egypt
14/11/2018 05:05 GMT

Jordan hopes to cover a third of its demand for natural gas from Egypt, Minister of Energy and Mineral Resources Hala Zawati told reporters on Tuesday. “Jordan started receiving natural gas from... More

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Iran Petchem Injects Most Forex into NIMA
14/11/2018 10:05 GMT

Iranian petrochemical companies have injected a total of 4.94 billion euros of revenues into the Foreign Currencies Management Comprehensive System (NIMA) in the first 231 days of the current year... More

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Iran, Feeling Sanctions Bite, Looks for Outlet in Iraq
14/11/2018 06:32 GMT

At this year’s Baghdad International Fair, Iranian businessmen displayed thick, colorful Persian rugs to impressed onlookers while others showcased the latest in Iranian manufacturing in power... More

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Kuwait Finance House Expects AUB Merger Decision before Yearend: CEO
14/11/2018 10:01 GMT

The board of Kuwait Finance House will likely decide on whether to go ahead with a merger with Bahrain’s Ahli United Bank before the end of the year, its chief executive told Reuters. The two banks... More

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UN Extends Sanctions Mandate Over Illegal Oil Sales from Libya
07/11/2018 11:12 GMT

The United Nations Security Council voted to extend until February 15, 2020 the mandate of the Panel of Experts who oversee the sanctions targeting the illicit export of crude oil and refined... More

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Oil Minister Rumhi Hoping for US approval of Iran-Oman Gas Pipeline
14/11/2018 06:31 GMT

US waivers on Iran sanctions for some oil importers or the sanctions themselves did not impact oil prices, the excessive production did, Oil Minister Mohammed Rumhi told Sputnik on the sidelines of... More

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Qatar Chamber Reviews Means to Protect Sub-Contractors
14/11/2018 10:26 GMT

Qatar Chamber’s contracting committee has held two separate meetings recently to discuss and review methods to protect sub-contractors and other challenges being faced by the industry. The meetings... More

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Saudi Arabia

IMF Not Changing Saudi Recovery Forecasts
14/11/2018 07:48 GMT

The International Monetary Fund (IMF) is not changing its forecasts for a recovery in Saudi Arabia’s economy in response to the death of Jamal Khashoggi, a senior IMF official said. Asked whether... More

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ADNOC in Deal to Upgrade & Expand Field Near Abu Dhabi
14/11/2018 10:11 GMT

The Abu Dhabi National Oil Company (Adnoc) announced a Dh5.1 billion (US$1.4 billion) investment to upgrade and expand its Bu Hasa field, which will increase crude oil production capacity to 650,000... More

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Yemen Govt. Announces New Push to Seize Key Port
11/11/2018 06:43 GMT

Yemeni forces backed by the Saudi-led coalition launched on Friday a “vast offensive” to take full control of the port city of Hodeidah, the internationally recognized government based in the... More

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General News

Oil Extends Steep Fall, Stocks Dip on Growth Fears
14/11/2018 10:26 GMT

Oil prices extended a steep slide on Wednesday on the back of worries about weakening world demand and oversupply, while global shares sagged as energy sector strains heightened anxiety about a... More

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