Algerian Sonatrach Extinguishes El Merk Fire
25/10/2020 12:10 GMT

A blaze broke out on October 21 at 8:20 pm, the Algerian company said. It began at El Merk’s second train. Site response teams swung into action, extinguishing the flames, Sonatrach reported. Joint... More

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Bahraini LNG Carrier to Arrive at Dragon Terminal
26/10/2020 11:09 GMT

Liquefied natural gas tanker Bahrain Spirit is due to arrive at Britain’s Dragon terminal on Nov. 17 from the United Sates, the port website shows. The tanker has a capacity of around 170,000 cubic... More

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Egypt President Gives Green Light to Amend Oil Exploration Agreement
25/10/2020 11:56 GMT

President Abdel Fattah El Sisi issued on Thursday, Oct 22, law no. 155 of 2020 which will allow the minister of petroleum and mineral wealth to contract with the Egyptian General Petroleum... More

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Iran Ups Exports to EU by 8%
26/10/2020 11:21 GMT

Iran increased its exports to the member-states of the European Union by 8% to nearly US$500 million during an eight-month period, a report said. A report by Tehran Chamber of Commerce, Industries,... More

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Iraqi Kurds Look to Diversify in Face of Energy Crunch
26/10/2020 11:21 GMT

Iraq’s Kurdish region has for decades lived off its oil wealth, but plummeting energy prices amid the pandemic and financial mismanagement are forcing locals to return to long abandoned farms. Civil... More

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Thyssenkrupp Completes Key Installation at National Bank of Kuwait HQ
26/10/2020 11:13 GMT

Thyssenkrupp Elevator, one of the world’s leading elevator companies, said it has installed its unique Twin elevator systems at the iconic new head office of National Bank of Kuwait (NBK). Located... More

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Force Majeure Lifted on Libyan Oil Field
26/10/2020 11:09 GMT

Libya's state-owned National Oil Corp. said Oct. 26 it lifted force majeure on the 70,000 b/d El Feel, or Elephant, oil field as the OPEC producer seeks to almost double output to over 1 million b/d... More

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Salalah Achieves 100% Growth in RO-RO Business
26/10/2020 11:21 GMT

Port of Salalah achieved 100% growth in its roll-on / roll-off (RO-RO) business and made significant progress in diverting Yemen-bound shipments through Salalah. One of the commodity segments that... More

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Matrade Official Reports Qatar-Malaysia Trade in 2019
26/10/2020 11:21 GMT

Qatar and Malaysia’s total trade volume reached US$840.1 million in 2019, according to Malaysia External Trade Development Corporation (Matrade) trade commissioner Omar Mohd Salleh. Malaysia’s total... More

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Saudi Arabia

KSA Inks MoUs with IBM, Alibaba & Huawei on AI
25/10/2020 07:42 GMT

The Saudi Authority for Data and Artificial Intelligence (SDAIA) on Thursday signed memorandums of understanding (MoU) with IBM, Alibaba and Huawei in areas of artificial intelligence (AI) at a... More

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JLL: UAE Property Market Remains Tenant-Favorable
26/10/2020 11:21 GMT

Sectors across the UAE’s property market continue to be tenant-friendly in the third quarter of 2020, according to JLL’s latest UAE Real Estate Market Performance report. Dubai’s office market saw... More

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Yemeni Houthis: Important Target Attacked in Riyadh
10/09/2020 10:28 GMT

Yemen’s Houthis carried out an attack on an “important target” in the Saudi capital Riyadh using a ballistic missile and four drones, a spokesman for the group said on Twitter on Thursday. Elsewhere... More

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General News

Iran's Non-Oil Trade with Arab Partners in H1
26/10/2020 11:21 GMT

Iran’s non-oil trade with its Arab trade partners reached US$9.579 billion in the first six months of the current Iranian calendar year (March 20-September 21), the portal of the country’s Trade... More

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