Neptune Energy Names Algeria Managing Director
03/06/2020 09:45 GMT

Neptune Energy has announced Mehdi Bouguetaia will be joining the company to take on the role of Algeria Managing Director, based in Algiers. Mehdi joins Neptune from Shell where he most recently... More

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Bank ABC Enters Founding Partnership Agreement with Bahrain Fintech Bay
03/06/2020 09:21 GMT

Bank ABC, MENA’s leading international bank, along with its subsidiaries, the digital, mobile-only, ila Bank, and the MEA region’s leading payment solutions provider and fintech enabler, Arab... More

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Egypt Finds New Oil in Western Desert
04/06/2020 09:20 GMT

Egypt has made a new oil discovery in Abu Senan area in the Western Desert. The discovery was made after Borg El-Arab Petroleum and Mineral Company drilled El Salmiya-5 well which started to produce... More

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Comprehensive Studies of Iran's ICOFC Fields to be Awarded to Domestic Consultants
02/06/2020 10:09 GMT

Managing Director of the Iranian Central Oil Fields Company (ICOFC) Ramin Hatami announced that comprehensive studies of 8 fields, managed by ICOFC, will be outsourced. He emphasized on comprehensive... More

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Iraq to Rationalise Public Spending, Introduce Economic Reforms
04/06/2020 09:39 GMT

The Iraqi government says Iraq faces an immediate challenge caused by the decline in oil prices and the impact this has had on the economy and fiscal liquidity. Officials say that the impact of the... More

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Al Kuwait Live Export Ship Not Allowed to Transport Sheep to ME
04/06/2020 04:47 GMT

The Federal Department of Agriculture has refused to grant an exemption to Australia's live export ban to allow 56,000 sheep to be transported to the Middle East after the shipment's original carrier... More

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Libyan NOC Chairman Tours Oil Clinic
04/06/2020 09:46 GMT

An inspection tour of the board of director’s chairman, Eng. Mustafa Sanalla to the oil clinic in Tripoli took place on June 2020. Accompanied by Ms. Ameena Mmehkaf, the general manager of the oil... More

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Foreign Inflows Buoy Muscat Securities Market Index
04/06/2020 04:50 GMT

MSM30 closed the week higher by 3.31 %. Despite two-day trading week, the turnover was higher than last week. Foreigners were net buyers of approximately US$4.9 million. All the sub-indices closed... More

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PPP Law to Accelerate Economic Development: Qatar Chamber
03/06/2020 05:18 GMT

Qatar Chamber’s (QC) Chairman Sheikh Khalifa bin Jassim Al Thani praised the Public-Private Partnership Law, issued by the Amir H H Sheikh Tamim bin Hamad Al Thani. The QC Chairman said it would... More

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Saudi Arabia

Saudi PIF’s Boost Aimed at Post-Pandemic Profit
04/06/2020 04:49 GMT

The Public Investment Fund (PIF), Saudi Arabia’s ambitious sovereign wealth fund, is seeking to use the extra US$40 billion it was recently granted from government reserves to benefit the Kingdom and... More

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Wizz Air Abu Dhabi JV to be Bigger Than Initially Planned
04/06/2020 10:08 GMT

Wizz Air’s Abu Dhabi-based joint venture will now be bigger than originally planned with six aircraft up from three, the Hungary-based carrier’s chief executive said on Wednesday. The joint venture... More

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FAO Warns of Possible Catastrophic Food Situation in Yemen
20/05/2020 04:12 GMT

Yemen, already pushed to the brink of famine by a five-year war, could see a “catastrophic” food security situation due to the coronavirus pandemic and lower remittances from the GCC, the UN’s Food... More

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General News

ME Oil Producers Face Tough Choices as Lockdowns Ease
04/06/2020 10:33 GMT

Middle East oil producers face a complex problem charting a safe course out of the price slump caused by the global spread of Covid-19. OPEC’s next meeting will provide the first opportunity to... More

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