OECD Can Take Advantage of Algeria's Experience in Economic Policy
11/02/2016 10:18 GMT

Head of the delegation of the Organization for Economic Cooperation and Development (OECD) Marcos Bontori stressed Wednesday that the OECD could enormously" benefit "from the Algerian experience in... More

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Bahrain-Based Investcorp Keen on More Deals
11/02/2016 05:00 GMT

Bahrain-based Investcorp will seek further opportunities to acquire businesses, its co-chief executive said on Wednesday, after the alternative investment fund posted a 12% rise in first-half net... More

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Siemens Renews Egypt Service Deal
11/02/2016 05:02 GMT

Siemens has extended a long-term contract to provide service and maintenance, as well as component upgrades, at the Nubaria, Talkha and El Kureimat power stations in Egypt. The agreement was signed... More

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Zanganeh Speaks of Iran's Oil, Gas, Petchem Sectors in Press Conference
10/02/2016 10:30 GMT

Bijan Zanganeh, the Oil Minister, in a press conference held on 9 February, said that Iran needs US$200 billion of investment for the development of joint fields and increased oil recovery (IOR), and... More

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Shell Iraq CEO Meets Oil Minister
11/02/2016 09:11 GMT

Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] met on Sunday with the CEO of Shell in Iraq, Hans Nijkamp. The meeting was attended also by Mr. Hamid Y. Salih, the deputy minister of gas, Mr.... More

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Kuwaiti Carrier to Tap Europe, Asia Airlines for Accord
10/02/2016 09:55 GMT

Kuwaiti discount carrier Jazeera Airways will seek an alliance with a major operator based in Europe or Asia after plans to secure a stake in state-owned Kuwait Airways were frustrated. Jazeera will... More

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Pipeline Attacked in Libya
07/02/2016 09:06 GMT

Libya saw a pipeline south the Zueitina port damaged in an attack. While it is unclear as to whether the attack was carried out by ISIS militants, the group has been playing havoc on the country’s... More

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Omantel, Xtera Communications Ink Deal
11/02/2016 09:05 GMT

Omantel on Wednesday announced the signing of the supply agreement with Xtera Communications Inc for building yet another unique submarine cable to strengthen its position in the region and beyond.... More

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Qatar Inks Several Deals with Pakistan
11/02/2016 10:49 GMT

Qatar accorded a warm welcome to Pakistani Prime Minister Nawaz Sharif who arrived on 10 February on a two-day official visit. Both countries signed a slew of agreements on 0 February in the presence... More

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Saudi Arabia

Saudi ACWA Commissions Solar Power Plant in Morocco
11/02/2016 10:47 GMT

Morocco’s first solar power plant, built by an international consortium led by Saudi Arabia’s ACWA Power, was recently inaugurated at a location about 20 km from the city of Ouarzazate, according to... More

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India Eyeing UAE Energy Investment
11/02/2016 08:13 GMT

India has invited investments from the United Arab Emirates in a slew of oil projects as part of Prime Minister Narendra Modi's drive to attract greater foreign participation in upgrading and... More

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Petsec Energy Acquires Production License in Yemen
07/02/2016 06:44 GMT

Australia's Petsec Energy Ltd has advised a further significant expansion of its oil and gas interests in Yemen with the acquisition of entities holding the entire (100%) participating interest... More

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General News

OPEC Sees Sharper Fall in Rivals' Supply
11/02/2016 10:04 GMT

OPEC revised estimates of production from rival suppliers, indicating a steeper drop in non-OPEC supply than previously anticipated. Production outside the Organization of Petroleum Exporting... More

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