Algeria

Algeria Ex-Industry Minister Detained in Graft Probe
17/07/2019 04:28 GMT

Algeria’s former industry minister has been placed in provisional detention on allegations of squandering public money, state television reported. Youcef Yousfi is the latest among a series of... More


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Bahrain

Bahraini Bapco's Modernization Program on Track
17/07/2019 04:27 GMT

Bahrain’s ambitious US$6 billion Bapco Modernization Program (BMP) is 25% complete with US$1 billion having already been spent, said Dr Pete Bartlett, Bapco CEO. More than 1300 kms of instrument... More


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Egypt

Egypt's EEHC Delays Coal-Fired Plant Due to Production Surplus
17/07/2019 04:28 GMT

The Egyptian Electricity Holding Company (EEHC) decided to postpone the signing of contracts with AlNowais Investment Company for the construction of a coal-fired power station in the Oyoun Mousa... More


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Iran

Iran Grants Additional Visas to Iraqis to Boost Economy
17/07/2019 06:44 GMT

In light of the US sanctions and the exit of foreign companies from Iran, Tehran is seeking to boost its income and hard currency by hosting the largest possible number of Iraqi tourists it can.... More


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Iraq

Iraq to Sign Deal with Honeywell for Artawi Gas Processing
17/07/2019 09:04 GMT

Iraq's oil ministry said on Tuesday it would sign an agreement on Wednesday with U.S. energy company Honeywell to process natural gas from its Artawi southern oilfield. The memorandum of... More


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Kuwait

Kuwait Oil Company Awards Tender to KGL Logistics
16/07/2019 09:05 GMT

The Central Agency for Public Tenders (CAPT) has approved the Kuwait Oil Company (KOC) request to award KGL Logistics Company a KWD 12 million (US$39.6 million) contract for providing materials... More


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Libya

Libya’s Oil Revenue Takes Beating
16/07/2019 09:43 GMT

Libya’s oil revenue took a beating in the first half of 2019, according to its central bank as reported by Reuters. In the first six months of the year, Libya’s oil revenues were down 11.2% from the... More


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Oman

Oman Signs 2 Loan Agreements with AFESD
17/07/2019 09:54 GMT

The sultanate’s government on Tuesday signed two loan agreements worth of RO113.6 million (US$294.2 million) with the Arab Fund for Economic and Social Development (AFESD). The first agreement,... More


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Qatar

Jordan Names New Envoy to Qatar, 2 Years after Downgrading Ties
17/07/2019 07:15 GMT

Jordan appointed a new ambassador to Qatar on Tuesday, a step toward restoring normal relations two years after Amman withdrew its ambassador in solidarity with GCC allies who severed ties with... More


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Saudi Arabia

Sparrows Secures Approved Supplier Status from Saudi Aramco
17/07/2019 09:11 GMT

Global specialist equipment and integrated engineering services company, Sparrows Group, has bolstered its position in Saudi Arabia after securing vendor approval status from the national oil... More


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UAE

Dubai-Based GFH Capital Acquires Strategic US Tech Offices Portfolio
17/07/2019 08:21 GMT

Dubai-based GFH Capital Limited, a subsidiary of GFH Financial Group, has announced that it has acquired a Tech Offices Portfolio in North Carolina, US, in a deal valued over US$100 million. The Tech... More


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Yemen

UAE Opens Solar Water Pumping Station in Yemen
15/07/2019 07:36 GMT

The UAE has opened an integrated solar-powered water pumping station in the district of Naseeb in the Shabwa Governorate of Yemen. The unit will supply water to residents of Dar'aa and Mouriba areas... More


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General News

Oil Prices Hike
17/07/2019 09:05 GMT

Oil prices rose on Wednesday after steep falls in the previous session, although U.S. crude trailed gains for international benchmark Brent following data showing U.S. crude inventories fell less... More


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