Call for Algerian-French Partnership
21/10/2014 06:19 GMT

Minister of Industry and Mines, Abdessalam Bouchouareb, called in Paris for an "innovative and balanced" French-Algerian partnership as well as relations that respect "mutual expectations." "It is... More

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Russia-Bahrain Review Trade Ties
21/10/2014 09:54 GMT

A meeting was held to discuss the outcome of His Majesty King Hamad's visit to Russia. Chaired by Industry and Commerce Minister Dr Hassan Fakhro, the meeting was attended by Russian Ambassador... More

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UAE Firm to Launch Huge Egypt Homes Project by End-2014
20/10/2014 05:36 GMT

United Arab Emirates-based construction firm Arabtec plans to launch the first phase of a huge housing project in Egypt before the end of this year, the company said. In March, Arabtec announced it... More

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Iran's NIOC Revokes Helium Deal with Russian Co.
21/10/2014 12:56 GMT

Through a decission made by the Board of Directors of the National Iranian Oil Company (NIOC), a contract to study the feasibility of helium production from South Pars with a Russian Firm, NPO... More

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Iraq, Iran to Ink Several MoUs
21/10/2014 07:17 GMT

Secretary of Iran-Iraq Economic Cooperation Commission Rostam Ghassemi announced that the upcoming visit of Iraqi Prime Minister Haidar al-Abadi to Tehran will take place to broaden the trade ties... More

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Kuwaiti Bank Reaches Debt Settlements with Clients
21/10/2014 11:25 GMT

Commercial Bank of Kuwait (CBK), the GCC state’s fifth-largest lender by assets, has reached a string of debt settlements with clients that have helped to slash its non-performing loans, the bank’s... More

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OMV Posts Higher Q3 Production Helped by Libya
21/10/2014 05:59 GMT

Austrian oil and gas group OMV raised production by 5% in the third quarter from the second as progress in Libya and Norway offset lower volumes in Austria and Romania. OMV said on Monday production... More

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Italian B2B Event Opens in Oman
21/10/2014 10:45 GMT

The second edition of ‘Italian Business Experience’, a Business to Business (B2B) event, was officially opened at Al Noor Hall in Madinat Al Sultan Qaboos on October 19. The Chief Guest, Shaikh... More

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Qatar Airways, S7 Airlines Strengthen Ties
21/10/2014 10:05 GMT

Qatar Airways and S7 Airlines have strengthened their relationship further with the launch of new codeshare arrangements between the two oneworld member airlines, further expanding travel... More

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Saudi Arabia

Saudia to Raise Billions in IPOs of 3 Units
21/10/2014 11:30 GMT

Saudi Arabian Airlines (Saudia) plans to raise at least SR10 billion (US$2.7 billion) through the sale of shares in its ground-handling, cargo and maintenance units. An initial public offering of... More

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UAE's Amanat IPO Subscription Period Opens
21/10/2014 11:34 GMT

The highly anticipated initial public offering (IPO) of Amanat Holdings, a public joint stock company under incorporation, opened Monday, with the prospectus now available for download at... More

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Yemen, France Discuss Cooperation in Oil & Gas Investment
20/10/2014 11:13 GMT

Minister of Oil and Minerals Hussein al-Kaf and French ambassador Jean Marc Grosjean discussed here on Sunday the mutual economic and investment cooperation in oil, gas and minerals fields. The... More

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General News

OPEC Not So Slick on Oil Prices Now
21/10/2014 05:55 GMT

OPEC’s next meeting at the end of November is set to be one of the oil-producing group’s most fraught in years, as it grapples with falling oil prices. But is there anything OPEC can realistically... More

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