LNG Plant Shut in Algeria after Technical Issue
22/06/2021 04:27 GMT

Algeria's Sonatrach has closed its 4 million mt/year capacity LNG plant at Skikda, it said June 19, after a technical fault was identified on June 11. State-owned Sonatrach operates four LNG... More

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Bahraini, Omani Industry Ministers Hold Virtual Meeting
22/06/2021 08:09 GMT

Minister of Industry, Commerce and Tourism, Zayed bin Rashid Al-Zayani, held a virtual meeting with Omani Minister of Commerce, Industry and Investment Promotion, Qais bin Mohammed Al Yousef, in the... More

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CSCEC Implementing Downtown Towers Project in Egypt
22/06/2021 04:30 GMT

Egyptian Minister of Housing, Utilities and Urban Communities Assem El-Gazzar has laid the foundation stone for the Downtown Towers project in New Alamein city in northwest Egypt. The project is... More

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Central Bank of Iran Modality for Issuance of Welfare Credit Cards
22/06/2021 06:53 GMT

The Central bank of Iran (CBI) communicated the modality for offering welfare credit cards aiming at increasing people's purchasing power and improving production chain's financing. According to the... More

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New Potato Processing Plant to be Built in Kurdistan's Duhok
22/06/2021 04:27 GMT

Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani has laid the foundation stone of a potato production factory in Duhok, which is set to provide 500 jobs and make use of local... More

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Ritchie Bros e-Auction to Feature Equipment from Kuwait
22/06/2021 04:27 GMT

Ritchie Bros, a heavy equipment auction expert dealing in purchase and sale of trucks and other assets, said it has joined hands with Kuwait auction company Q8 Auctions, to offer its customers around... More

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Egypt Calls for Exit of Foreign Forces from Libya
22/06/2021 04:27 GMT

Egypt’s Foreign Minister Sameh Shoukry has called for the exit of foreign mercenaries from Libya without delay, during a joint press conference with his Libyan counterpart Najla Mangoush. Shoukry... More

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Dubai Mercantile Exchange Hits New Milestone in Oman Crude Delivery
22/06/2021 08:35 GMT

Dubai Mercantile Exchange (DME), the trading platform for DME Oman — the Oman crude oil benchmark — has crossed a new milestone with the delivery of 2.5 billion barrels of crude oil since its... More

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No Need to Sell Bonds after Q1 Surplus: Qatari Minister
22/06/2021 06:43 GMT

Qatar has no need to tap bond markets for budget-balancing reasons after a better than expected oil price boosted its revenues, Finance Minister Ali Al-Kuwari said. He told Bloomberg TV that the... More

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Saudi Arabia

Rafco Laundry Eyeing Saudi Expansion
22/06/2021 04:30 GMT

When Abdulkareem Rafeeq took over the family laundry business in Madinah six years ago he began implementing new modern technology. And despite the coronavirus disease (COVID-19) pandemic denting his... More

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Ajman Partners with FAB on Digital Payments in Taxis
22/06/2021 08:47 GMT

Ajman’s Department of Finance and Transport Authority have signed an agreement with First Abu Dhabi Bank (FAB) and Magnati, a fully owned subsidiary of FAB, in order to provide a variety of payment... More

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Oman Wants to Extend Gas Pipeline Network to Iran & Yemen: Minister
18/05/2021 06:31 GMT

Oman would like revive plans to import Iranian gas via pipeline ( Gas Exports to Oman ) should the nuclear deal be reinstated, and is also considering extending its pipeline network to Yemen,... More

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General News

Return of Iranian Oil to World Market Needs to Be Taken into Consideration: Novak
22/06/2021 06:06 GMT

The return of Iranian oil to the world market needs to be taken into account, but first, there has to be an understanding of the exact schedule and volume limits, Russian Deputy Prime Minister... More

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