Algeria

Fall in Algeria’s Value of Imports
14/07/2014 05:14 GMT

The value of imports dropped by 4.3% during the first quarter of 2014 compared to the same period in the previous year, in comparison to the fourth quarter of the same year (2013), the decline is... More


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Bahrain

Bahraini Alba Takes Part in Aluminum China 2014
14/07/2014 07:25 GMT

Aluminum Bahrain (Alba) showcased its products at Aluminum China 2014, which provided an ideal platform to promote the company globally, expand its customer base across Asia and position Bahrain as... More


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Egypt

UAE's Abraaj to Buy Majority Stake in Bisco Misr
14/07/2014 07:12 GMT

Abraaj Investment Management, an affiliate of United Arab Emirates' Abraaj Capital, has made an approach to buy at least a 51% stake in Egypt's snack maker Bisco Misr, Bisco Misr said in a... More


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Iran

Cheap Gasoline Rations still Remain in Iranian Fuel Cards
14/07/2014 08:01 GMT

According to reports from the National Iranian Oil Products Distribution Company (NIOPDC), currently around 980 million liters of IRR 4,000 (12.9 cents) gasoline remains in Iranian motorists' smart... More


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Iraq

Kurds Expel Iraqi Oil Field Staff
13/07/2014 10:01 GMT

An employee at the North Oil Company said the Peshmerga forces expelled the workers in Kirkuk Oil Field and Bai Hassan Oil Field preventing them from working and recruited staff from Erbil,... More


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Kuwait

Kuwait Energy Plc Appoints Book Runner
14/07/2014 08:38 GMT

Kuwait Energy Plc, an independent oil and gas company with assets across the Middle East, has mandated Bank of America Merrill Lynch as sole book runner and lead manager for fixed income investor... More


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Libya

New Chief of Libyan Investment Authority Appointed
13/07/2014 09:30 GMT

The Libyan Investment Authority (LIA), the sovereign wealth fund of the North African oil producer, has appointed a new chief after his predecessor stepped down over a controversial political law,... More


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Oman

SDO & Omani EESO Sign Sponsorship Contract
14/07/2014 07:12 GMT

Shell Development Oman (SDO) recently signed two sponsorship agreements with the Environment Society of Oman (ESO). The agreements will enable ESO to hold a regional environment competition for Omani... More


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Qatar

Latest Improvements at Qatar’s JBOG Project Reported
14/07/2014 05:06 GMT

To meet the world’s growing energy demand as well as to optimize energy use while minimizing wasted energy, Qatar Petroleum (QP) has embarked on several important initiatives such as the Jetty... More


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Saudi Arabia

Saudi OFC Buys 51% Stake at GUFC
14/07/2014 07:23 GMT

Olayan Financing Company (OFC), Jadwa Investment and other shareholders of Gulf Union Foods Company (GUFC) have completed the sale of 51% stake in GUFC to OFC. GUFC is one of the leading juice and... More


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UAE

UAE's Abraaj to Buy Majority Stake in Bisco Misr
14/07/2014 07:12 GMT

Abraaj Investment Management, an affiliate of United Arab Emirates' Abraaj Capital, has made an approach to buy at least a 51% stake in Egypt's snack maker Bisco Misr, Bisco Misr said in a... More


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Yemen

Yemen’s Main Oil Pipeline Bombed
13/07/2014 07:48 GMT

Tribesmen bombed Yemen's main oil export pipeline which carries crude from Safir Oil Field to Ras Isa oil terminal on Saturday, halting crude flows, local officials said, disrupting an important... More


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General News

US Tops Global Oil Producers
14/07/2014 05:03 GMT

World's top crude consumer, the United States, is now the world's top producer too, overtaking Russia and the OPEC kingpin Saudi Arabia. In the first quarter of 2014, the United States extracted more... More


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