16/05/2013 09:08 GMT
Sonatrach will take full ownership of all the refineries located in the Algerian territory, CEO of Group Abdelhamid Zerguine declared Wednesday in Ghardaïa (500 km south of Algiers).
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16/05/2013 07:46 GMT
Bahrain Institute of Banking and Finance (BIBF) has announced the appointment of Dr Ahmed Al Shaikh as its deputy director.
Dr Al Shaikh brings a wealth of experience that will reinforce BIBF's...
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16/05/2013 07:15 GMT
French oil company Total on Wednesday confirmed it acquired Royal Dutch Shell's fuel retail network in Egypt as part of its strategy to strengthen its distribution position in the country and wider...
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16/05/2013 05:54 GMT
Iran will leave the US behind by the end of the current year to become the world’s third largest cement exporter, the Global Cement magazine wrote in its latest edition.
Iran is projected to export...
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15/05/2013 12:28 GMT
Mangalore Refinery and Petrochemicals (MRPL) plans to begin processing oil from Iraq and Latin America from next year, helping the state-owned refiner to partly offset Iranian supplies choked off by...
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16/05/2013 07:47 GMT
Kuwaiti investment house Investment Dar has offered to give creditors a stake in a portfolio of assets in exchange for their debt as an alternative to an offer made under a KD1 billion (US$3.5...
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14/05/2013 04:22 GMT
Gunmen have ended a siege of Libya's foreign and justice ministries but the two-week standoff has left many unresolved questions about the government's ability to impose its authority in the capital,...
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16/05/2013 07:33 GMT
Petroleum Development Oman (PDO) may consider setting up biological water cleaning processes similar to the Nimr reed-bed project in oilfields in the south of Oman.
Speaking on the sidelines of the...
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16/05/2013 07:17 GMT
Real estate transaction value in Qatar reached QR4.8 billion (US$1.3 billion) in April, up 15% year-on-year, consultant Century 21 has said in a report. The number of deals reached some 834 in April...
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16/05/2013 07:47 GMT
The Saudi economy posted an excellent performance last year, said the Council of Saudi Chambers, noting that the upward trend was all the more evident on falling inflation.
The inflation rate dropped...
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16/05/2013 07:46 GMT
Budget airline Air Arabia, UAE's only publicly-listed carrier, reported a 20% rise in first quarter net profit, it said. The Sharjah-based airline made a net profit of 59 million dirhams (US$16...
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16/05/2013 07:45 GMT
A Ship belonging to a French shipping line arrived on Tuesday in the port of Aden, marking the launch of the international shipping line trips to the port.
The new shipping line will be...
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16/05/2013 07:46 GMT
GCC's GDP grew 28% to US$1.4 trillion in 2011, said a senior Bahrain government official, adding that the GCC trade exchange with other countries reached US$1.2 trillion in the same year.
Bahraini...
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