Algeria

Algeria Aims to Build Solar PV Projects
25/05/2020 04:24 GMT

Algeria plans to install up to US$3.6 billion worth of solar photovoltaic (PV) projects to produce renewable electricity for export and for meeting increasing domestic power demand. The solar power... More


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Bahrain

Bahraini Developer Completes Al Bareh Villas Infrastructure Work
26/05/2020 04:11 GMT

Diyar Al Muharraq, one of the largest real estate development companies in Bahrain, has announced the completion of all primary and secondary infrastructure works on the villas located within the... More


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Egypt

Egypt Planning Investments in Petchem Projects
26/05/2020 07:01 GMT

The Egyptian Ministry of Petroleum and Mineral Resources is considering the implementation of 11 new petrochemical projects at a total value of around EGP 19 billion (US$1.2 billion), Minister of... More


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Iran

Central Bank of Iran Assigns Framework for Targeting Inflation
26/05/2020 09:46 GMT

In a statement, the Central Bank of Iran (CBI) announced the framework for inflation targeting. The CBI believes that taking into regard realistic scenarios and presumptions, the declining trend of... More


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Iraq

Saudi Firms Urged to Enter Iraqi Market
26/05/2020 08:04 GMT

Iraq's Minister of Finance, Ali Allawi, on Saturday concluded a visit to Saudi Arabia, during which he delivered a message from Prime Minister, Mustafa Al-Kadhimi to King Salman bin Abdulaziz Al... More


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Kuwait

Kuwait Port Authority, PAI in to Build New Industrial Port
26/05/2020 05:15 GMT

The Kuwait Port Authority has joined hands with the Public Authority for Industry (PAI) for the design and construction of an industrial port in the south of the country, reported Kuwait News Agency... More


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Libya

NOC Helps Fight Coronavirus in Libya’s Central & Eastern Regions
25/05/2020 04:24 GMT

The concentrated efforts of Libya’s National Oil Corporation (NOC) and its subsidiaries continue in providing medical equipment and devices needed to prevent the spread of the Coronavirus virus... More


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Oman

Liquidity Crunch Hits Power & Water Firms in Oman
26/05/2020 04:12 GMT

Publicly traded power and water companies in the Sultanate of Oman say they are weighing the implications of a decision by Oman Power and Water Procurement Company (OPWP) – the monopoly state-run... More


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Qatar

Capital Intelligence Affirms Qatar Islamic Bank Ratings
26/05/2020 04:12 GMT

International credit rating agency Capital Intelligence (CI) has affirmed the long-term foreign currency and short term foreign currency ratings of Qatar Islamic Bank (QIB) at ‘A+’ and ‘A1’... More


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Saudi Arabia

Saudi Firms Urged to Enter Iraqi Market
26/05/2020 08:04 GMT

Iraq's Minister of Finance, Ali Allawi, on Saturday concluded a visit to Saudi Arabia, during which he delivered a message from Prime Minister, Mustafa Al-Kadhimi to King Salman bin Abdulaziz Al... More


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UAE

Dubai Tourism, Stakeholders Discuss Revival Strategies
26/05/2020 09:58 GMT

Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) held a virtual meeting with key aviation and hospitality partners to discuss current and post-pandemic strategies and joint... More


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Yemen

FAO Warns of Possible Catastrophic Food Situation in Yemen
20/05/2020 04:12 GMT

Yemen, already pushed to the brink of famine by a five-year war, could see a “catastrophic” food security situation due to the coronavirus pandemic and lower remittances from the GCC, the UN’s Food... More


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General News

Deputy Oil Minister Named Iran's Acting OPEC Governor
26/05/2020 07:08 GMT

Deputy Oil Minister Amir Hossein Zamaninia has been named as Iran’s caretaker OPEC Governor, replacing Hossein Kazempour Ardebili who died earlier this month, a state-affiliated news website said on... More


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