Supreme Court Summons Former Algerian PM, Minister Again
21/01/2020 10:14 GMT

Algiers’ Supreme Court summoned former Algerian Prime Minister Ahmed Ouyahia and Minister of Industry and Mines Yousef Yousefi, both imprisoned on corruption charges, to question them about loans... More

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Bahraini Bank Strengthens Ties with Seychelles
22/01/2020 08:04 GMT

They discussed the ongoing progress at Al Salam Bank-Seychelles ("ASBS"), a joint venture between ASBB and the Seychelles Pension Fund ("SPF"), and its contribution to the development of the domestic... More

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Ramboll Alliance Close to Winning Consultancy of Solar Project in Egypt
21/01/2020 07:07 GMT

Ramboll-Firnas Shuman alliance has applied to act as consultant for site studies and construction of a solar power plant in the West Nile with a capacity of 200 MW. Sources told Daily News Egypt... More

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Ministry: Electricity Generation by Iran’s Hydroelectric Plants Up
22/01/2020 10:11 GMT

Electricity generation by Iranian hydroelectric power plants during the first nine months of the current Iranian calendar year (started March 2019) reached 26,103 gigawatt-hours (GWh), indicating a... More

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BP Pulls Out Of Iraqi Field
22/01/2020 06:31 GMT

BP has pulled out of Iraq’s giant Kirkuk Oil Field after its US$100 million exploration contract expired with no agreement on the field’s expansion, dealing a fresh blow to Iraq’s hopes to increase... More

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Kuwaiti KNPC Requests Contract Renewal
20/01/2020 08:49 GMT

Kuwait National Petroleum Company (KNPC) has requested for renewal of a contract to upgrade the boilers (numbers one to six) in unit number 29 in Mina Al Ahmadi Refinery at a cost of KD14.69 million... More

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Libyan Gas Exports to Italy Unaffected So Far by Oil Blockade
22/01/2020 06:46 GMT

Gas exports in recent days have been steady at around 13 million cu m/d, according to data from S&P Global Platts Analytics. Nominations for Tuesday remain at 13 million cu m, the data shows. In... More

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Omani-Spanish JV Grabs Water Project
22/01/2020 07:15 GMT

Construction work has commenced on one of Oman's biggest water transmission projects a strategically vital initiative of the government designed to secure the efficient transmission and supply of... More

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Qatar-Turkey Trade to Keep Up Robust Growth in 2020
21/01/2020 05:09 GMT

The Qatar-Turkey bilateral economic cooperation is expected to continue maintaining robust growth in 2020 and beyond. Bilateral trade volume between the two friendly countries during first nine... More

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Saudi Arabia

PKN Ups Saudi Crude Purchases for Poland, Lithuania, Czech Refineries
22/01/2020 06:36 GMT

Poland's largest refiner, PKN Orlen, said Tuesday it is increasing its monthly purchases of Saudi crude oil for its refineries in Poland, Lithuania and the Czech Republic by 100,000 mt to 400,000... More

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Dubai-Based DP World Acquires Stake in Swissterminal
22/01/2020 10:15 GMT

DP World, Dubai-based global shipping terminal operator, has taken a stake of 44% in Swissterminal Holding AG, a leading container terminal operator in Switzerland. DP World bought the shares from... More

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UN Investigators Find Yemen's Houthis Did Not Carry Out Saudi Oil Attack
12/01/2020 06:02 GMT

Yemen’s Houthi group did not launch an attack on Saudi Arabia’s oil facilities in September, according to a confidential report by U.N. sanctions monitors seen by Reuters on Wednesday, bolstering a... More

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General News

Green Hydrogen to be New Oil in Next 20 Years: Siemens ME
22/01/2020 05:36 GMT

Green hydrogen “could be the new oil” in 20 years’ time, according to Manuel Kuehn, senior vice president, business development, Siemens Middle East. Siemens is currently involved in a collaboration... More

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