Algeria

Iran Undecided on Attending OPEC Talks in Algiers
25/08/2016 08:05 GMT

Iran says it still hasn’t decided whether it will attend informal OPEC talks in Algiers next month, two weeks after the group announced plans to meet. Iran might delay making a decision until the day... More


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Bahrain

Bahraini Firm Pens Deal with Zamil AC
25/08/2016 09:32 GMT

Al Namal Group, one of Bahrain’s leading diversified companies, has signed an agreement with Zamil Air Conditioners for the supply of air conditioning solutions at the Atrium Mall, an upcoming... More


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Egypt

Saudi-Egyptian Power Grid Plan Deal Gets Nod
24/08/2016 09:54 GMT

As part of the growing economic ties with Saudi Arabia, the Egyptian parliament on Monday gave its approval to a pact on connecting the power grids of the two countries – the two biggest systems in... More


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Iran

Iran, Ecuador Discuss Ways to Boost Oil Prices
25/08/2016 09:13 GMT

Iran and Ecuador on Wednesday discussed ways that the two countries can strengthen oil prices as Iran signals it may support joint efforts by exporters to prop up flagging crude. Iran has been... More


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Iraq

PM: Iraq Not Open to Capping Crude Production
24/08/2016 06:16 GMT

Iraq's prime minister said the country has not yet reached its full oil market share, suggesting his government would not restrain crude output as part of any possible OPEC agreement to lift... More


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Kuwait

Hilton to Open 2 Hotels at Kuwait's Avenues Mall
25/08/2016 04:26 GMT

International hotel chain Hilton and Kuwait's Al-Rai Real Estate Company, owned by Mabanee, announced plans to open two hotels at The Avenues Mall in Kuwait. Conrad Hotels & Resorts, Hilton’s smart... More


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Libya

Tanker to Transfer Oil from Threatened Port: Libya's NOC
21/08/2016 06:18 GMT

Libya's National Oil Corporation (NOC) said on Thursday that rival forces had agreed to let a tanker dock at Zueitina port to load oil and take it to a safe place. The NOC expressed concern earlier... More


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Oman

Oman H1 Budget Deficit Widens on Low Oil
25/08/2016 09:26 GMT

Oman's government posted a budget deficit of RO3.5 billion (US$9.1 billion) in the first half of 2016 compared with a deficit of RO1.92 billion (US$5 billion) a year earlier, as low oil export prices... More


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Qatar

OPEC Secretary-General to Visit Members Iran, Qatar
25/08/2016 08:18 GMT

OPEC’s secretary-general will visit members Iran and Qatar next month, just weeks before the group holds informal talks in Algeria, according to a person with direct knowledge of the matter,... More


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Saudi Arabia

KSA’s Sky Prime to Operate as National Charter for VIP Movements
25/08/2016 08:32 GMT

The General Authority of Civil Aviation (GACA) has granted a license to the Sky Prime airline to operate as a national charter for VIP movements. Minister of Transport Sulaiman Al-Hamdan, who is also... More


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UAE

Emirates Islamic Cuts Jobs
25/08/2016 07:34 GMT

Emirates Islamic, the sharia-compliant arm of Dubai's largest bank Emirates NBD (ENBD) , has laid off more than 100 people as part of cost cutting to adjust to a cooler economy, sources familiar with... More


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Yemen

Crude Production & Exports from Yemen’s Masila Fields Resume
14/08/2016 06:37 GMT

Yemen has resumed production and exports from its Masila oilfields for the first time since a civil war began more than 16 months ago, state news agency sabanew.net reported on Thursday. The agency,... More


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General News

OPEC Secretary-General to Visit Members Iran, Qatar
25/08/2016 08:18 GMT

OPEC’s secretary-general will visit members Iran and Qatar next month, just weeks before the group holds informal talks in Algeria, according to a person with direct knowledge of the matter,... More


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