Algeria

Algeria Cancels Plan to Let Foreigners into Farmland Concessions
22/05/2018 10:03 GMT

Algeria has dropped a plan to open up farmland concessions to foreign investors for the first time, a government official told Reuters on Monday, apparently reflecting continuing sensitivity about... More


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Bahrain

SMEs Development Society of Bahrain, Oman's Zubair SEC Ink Agreement
22/05/2018 09:59 GMT

SME Development Society of Bahrain and Oman's Zubair Small Enterprises Center (Zubair SEC) signed a Partnership Agreement aimed at jointly exploring entrepreneurship development and support... More


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Egypt

Egypt to Launch Intl. Bid Rounds for Oil & Gas Exploration in 2018
22/05/2018 05:13 GMT

Egypt will launch two international bid rounds for oil and gas exploration in 2018, the petroleum ministry said in a statement on Monday. One bid round will cover 16 concession areas, mostly in the... More


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Iran

Iran to Export Diesel to Afghanistan in June
22/05/2018 09:18 GMT

Iran is planning to export 8,000 tons of diesel from the northern city of Sari to neighboring Afghanistan by late June. The National Iranian Oil Products Distribution Company (NIOPDC) has said the... More


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Iraq

Colombo Dockyard to Build Vessels for Iraq
22/05/2018 09:13 GMT

Sri Lanka’s Colombo Dockyard PLC (CDPLC) has successfully secured a contract with Toyota Tsusho Corporation (TTC) of Japan to build two vessels; Pilot Station Vessel and Buoy Tender Vessel, for... More


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Kuwait

Kuwaiti Tamdeen Breaks Ground on Waterfront Project
22/05/2018 04:15 GMT

Kuwait’s leading property developer Tamdeen Group has broken ground on its KD250 million (US$824 million) Al Khiran Project, The New Pulse of Kuwait, located in the heart of Sabah Al Ahmad Sea... More


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Libya

Sanalla Attends Libyan British Business Council
14/05/2018 09:49 GMT

Mustafa Sanalla, chairman of Libya’s state-run National Oil Corporation (NOC), and a delegation from Libya participated in a high-level forum in Aberdeen. The event was put on by the Libyan British... More


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Oman

SMEs Development Society of Bahrain, Oman's Zubair SEC Ink Agreement
22/05/2018 09:59 GMT

SME Development Society of Bahrain and Oman's Zubair Small Enterprises Center (Zubair SEC) signed a Partnership Agreement aimed at jointly exploring entrepreneurship development and support... More


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Qatar

UK's Top Qatari LNG Importer Seeks to Broaden Supply as Cargoes Slump
20/05/2018 08:50 GMT

Britain's busiest liquefied natural gas (LNG) import terminal, South Hook, is seeking to broaden its sources of supply as robust Asian demand diverts cargoes from Qatar - the world's biggest exporter... More


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Saudi Arabia

Saudi Bourse Announces Closing Price Mechanism Changes
22/05/2018 08:59 GMT

Saudi Stock Exchange (Tadawul) has announced major changes in the methodology for determining the opening and closing prices on both the Main Market and Nomu - Parallel Market - effective from May 27... More


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UAE

Sony to Buy UAE's Mubadala Stake in EMI Music Publishing
22/05/2018 09:28 GMT

Mubadala Investment Company of Abu Dhabi, UAE has announced the sale of its consortium’s 60% equity interest in EMI Music Publishing to Sony Corporation at an enterprise value of US$4.75... More


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Yemen

Yemeni Houthis Fire Missile at Aramco Facility, Saudi Says It Falls in Desert
15/05/2018 07:17 GMT

Yemen’s armed Houthi movement launched a ballistic missile at a Saudi Aramco facility in Saudi Arabia’s southwestern Jizan province on Monday, the group’s al-Masirah TV reported, but a Saudi-led... More


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General News

Apicorp: Energy Demand to See Growth in Mena
22/05/2018 04:48 GMT

The power capacity requirements of the Mena region are expected to increase at an annual rate of 6.4% until 202, according to a new research released by Arab Petroleum Investments Corporation... More


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