Algeria

Algeria Aims to Develop Shale Gas Despite Challenges
22/01/2018 05:22 GMT

Developing abundant shale gas has become a necessity for Algeria to reverse its declining domestic natural gas production and safeguard its economy. Local gas demand is expected to rise rapidly due... More


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Bahrain

Bahraini Minister Receives UPS Delegation
23/01/2018 10:23 GMT

Transportation and Telecommunications Minister Kamal bin Ahmed has received a delegation from United Parcel Service (UPS). Bahrain Airport Company (BAC) Chief Executive Officer Mohamed Yousif Al... More


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Egypt

Air Arabia Egypt to Start Service to Italy
22/01/2018 05:21 GMT

Air Arabia Egypt will commence direct flights to Italy starting from May 4, serving Milan twice a week from its hub in Alexandria, Egypt. The flight will operate on Fridays and Sundays under two... More


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Iran

Iran after FDI in Petchem Sector in 2018
23/01/2018 09:56 GMT

The year 2017 was a tough one for Iran's petrochemical industry. Iran spared no effort to lure foreign investors frightened to invest in Iran. Iran sought to prove security of foreign investments and... More


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Iraq

GKP to Invest Further in Iraqi Block
23/01/2018 09:22 GMT

Gulf Keystone Petroleum (GKP), operator of the Shaikan Block in the Kurdistan Region of Iraq, is providing an operational and corporate update. This is in advance of the Company’s full year results... More


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Kuwait

Kuwait Launches New Campaign for Rehabilitating Water Sector in Yemen
23/01/2018 05:58 GMT

Kuwait launched on Sunday a new campaign aimed at reconstructing water plants in the Yemeni capital Sanaa with total costs of 80 million Yemeni riyals (US$320,000), Kuwait News Agency, KUNA,... More


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Libya

Libyan Oil Terminal Restarts Gas Power Station
23/01/2018 05:06 GMT

The Zueitina oil terminal has managed to restart the gas power station that produces cooking gas, which had been shut in for almost seven years. The cooking gas produced at Zueitina supplied huge... More


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Oman

Oman-Based PTO & Petros Pen MoU
23/01/2018 09:33 GMT

PetroTel Energy Oman LLC (PTO), a subsidiary of US based PetroTel Energy — a privately held exploration and production (E&P) company — has inked a deal with Petroleum Sarawak Berhad (Petros), the oil... More


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Qatar

Qatari GWC to Manage Al Asmakh Logistics Park for 22 Years
23/01/2018 10:27 GMT

GWC and Al Asmakh Real Estate Development Company have signed a management agreement that will bring the ‘Al Asmakh Logistics Park’ under the management of GWC for a 22-year period between 2018 and... More


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Saudi Arabia

Cargill-Arasco JV Launches Saudi Corn Milling Facility
23/01/2018 08:06 GMT

A joint venture between Cargill and Arasco has opened a new corn milling facility in Al-Kharj, Saudi Arabia, to meet the growing demand of the region's food and beverage industry. The Middle East... More


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UAE

UAE-Based LuLu Group Partners with WEF on Agriculture Initiative
23/01/2018 10:08 GMT

Lulu Group International has partnered with the World Economic Forum in its new vision for agriculture initiative, which is the global initiative on shaping the future of food security and... More


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Yemen

Kuwait Launches New Campaign for Rehabilitating Water Sector in Yemen
23/01/2018 05:58 GMT

Kuwait launched on Sunday a new campaign aimed at reconstructing water plants in the Yemeni capital Sanaa with total costs of 80 million Yemeni riyals (US$320,000), Kuwait News Agency, KUNA,... More


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General News

Oil Rises on IMF Economic Growth Outlook, OPEC-Russia Supply Cuts
23/01/2018 10:23 GMT

Oil prices rose on Tuesday, lifted by healthy economic growth as well as the ongoing supply restraint by a group of exporters around OPEC and Russia. Spot Brent crude futures were at US$69.41 at 0409... More


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