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Wednesday, March 29, 2017
Saudi Aramco has welcomed the introduction of the new tax regime for all hydrocarbon producers operating in the kingdom as another positive step in the diversification of the kingdom’s economy. Amin H Nasser, President and CEO of Aramco, said the company welcomed King Salman's Royal Order...More
Taiwan is increasing oil imports from northern Iraq as local refiners take advantage of an open arbitrage to buy...More
Oil at US$50 to US$55 a barrel would put producers in a “good position” with stockpiles expected to fall later this...More
Qatar is "absolutely" confident in its investment in majority state-owned Russian oil company Rosneft, the head of...More
Saudi Aramco has signed a cooperative memorandum of understanding with the Eastern Province Council for Social...More
Algeria's car import bill cars totaled US$158.67 million in January and February 2017, against US$243.04 million during the same period in 2016, down by 34.71%, the Algerian Customs' National Centre...
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Bahrain Bourse (BHB) held an official bell-ringing ceremony on March 26 at the bourse to inaugurate the Bahrain Investment Market (BIM), an innovative equity market designed specifically to offer the...
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BP has made a gas discovery in the North Damietta Offshore Concession in Egypt's East Nile Delta, its third in the block, it said on Sunday. The Qattameya Shallow-1 exploration well was drilled to a...
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Oil wells at Iran's South Pars gas field ( South Pars Oil Layer ) started production for the first time on Sunday (19 March 2017), Iranian oil ministry news agency SHANA reported. South Pars is a...
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The Iraq Britain Business Council (IBBC)‘s Spring Conference & Networking Event in London is just days away, but you still have a chance to meet more than 150 key stakeholders, business partners and...
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Oil at US$50 to US$55 a barrel would put producers in a “good position” with stockpiles expected to fall later this year, according to Kuwait’s Oil Minister Issam Almarzooq.
“I think if we can...
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Libya's National Oil Corporation (NOC) said on Monday it had asked the UN-backed government in Tripoli to withdraw a resolution that seeks to allocate powers over the oil sector.
The leadership of...
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Oman-based A'Saffa Foods, a leading poultry and processed food producer, said its board of directors has approved an expansion plan to raise chicken meat production capacity by 100%. The total...
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Ooredoo Group signed a new network transformation agreement with Ericsson at the Mobile World Congress in Barcelona that will enable it to extend its competitive advantage by leveraging its global...
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Introduction of VAT is new to Saudi Arabia and the GCC states. It is important for companies to make preparations in terms of gearing up the accounting systems to integrate VAT. With just about 9...
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Amazon, a global e-commerce leader, announced that it has reached an agreement to acquire Souq.com, an e-commerce leader in the Middle East. Joining the Amazon family will enable Souq.com to continue...
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Petsec Energy has announced the execution of a contract for the manufacture and delivery of oil tanker loading equipment to be installed at the An Nagyah Central Processing Facility (CPF) within the...
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Members of the Board of Executive Directors of the Islamic Development Bank (IDB), in their 318th meeting which convened in Madinah Al Munawarah, approved allocation of US$714.7 million worth of...
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