Algeria

Algeria-Turkey: Business Forum Lays Foundations for New Era in Economic Ties
29/01/2020 05:02 GMT

The Algerian-Turkish Business Forum, held Sunday in Algiers, was an opportunity for the two countries to affirm their determination to give a strong momentum to the relations between Algeria and... More


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Bahrain

Central Bank of Bahrain Warns against Dealing with Unlicensed Firm
29/01/2020 04:59 GMT

The Central Bank of Bahrain (CBB) has warned people against dealing with unlicensed entities that market investments in Bahrain through social media. This warning comes as a result of a fraudulent... More


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Egypt

Exxon Wins Egypt Exploration Deals
28/01/2020 10:16 GMT

Egypt has signed two deals with Exxon Mobil Corp for oil and gas exploration in the Mediterranean, the petroleum ministry said on Tuesday. The deals involve a minimum investment of US$332 million,... More


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Iran

UAE’s DIFC Enhances Digital Onboarding Platform
29/01/2020 05:02 GMT

Dubai International Financial Centre (DIFC), a leading international financial center and financial hub in the Middle East, Africa and South Asia (MEASA) region, has announced the enhancement of its... More


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Iraq

Dutch University to Develop Climate-Smart Agriculture in Iraq
29/01/2020 05:02 GMT

Wageningen University and Research (WUR) will support six Iraqi universities to develop climate-smart agriculture and efficient water management in Iraq. Together with the Institute for Water... More


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Kuwait

IMF: Kuwait Oil Sector Weighed Down by Prices, Production
29/01/2020 05:02 GMT

Kuwait’s nonoil growth strengthened in 2019, but lower oil prices and output are weighing on the oil sector, said the International Monetary Fund (IMF) at the end of an official staff visit to the... More


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Libya

Sanalla: Libya Chaos to Deepen If Blockade Continues
28/01/2020 06:18 GMT

Libya's oil sector is facing a catastrophic situation as production is poised to fall to just 72,000 b/d "very soon" if the blockade led by the self-styled Libyan National Army continues, the... More


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Oman

15 SMEs Join Khazzan for SME Development Program in Oman
29/01/2020 05:02 GMT

In partnership with BP Oman, Sharakah has selected the final 15 local small and medium enterprises to benefit from Khazzan for SMEs Development Program. The total number of applications received for... More


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Qatar

Qatar Islamic Bank Collaborates with Visa on VTC
29/01/2020 05:02 GMT

For the first time in Qatar, Qatar Islamic Bank (QIB) collaborated with the global leader in digital payments, VISA, to provide VISA Transaction Control (VTC), an innovative feature that gives QIB... More


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Saudi Arabia

UAE’s Empower in Talks with Saudi Firm over WtE Facility
29/01/2020 05:02 GMT

Empower, a biogas and waste management company, is negotiating with a Saudi company to implement a waste-to-energy (WtE) facility with a capacity of 4MW and US$28 million investments. Chairperson of... More


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UAE

UAE to Hand Over 1,700 New Housing Units by Year-End
29/01/2020 05:02 GMT

The UAE government is set to hand over a total of 1,729 housing units to needy Emiratis under the Sheikh Zayed Housing Program by the end of this year. The Dh2-billion (US$544 million) housing... More


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Yemen

Port of Aden Sets Offloaded Cargo Record in 2019
26/01/2020 10:25 GMT

Yemen-based Port of Aden has set an all-time record in 2019, witnessing the largest increase in the volume of offloaded cargo in its history, with the support of two cranes provided by Saudi Arabia.... More


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General News

KSA Discusses Possible Impact of Coronavirus on Oil Market
29/01/2020 04:59 GMT

Saudi Arabia's government discussed the possible impact of the new coronavirus on the oil market on Tuesday, and said it was confident China and the international community would be able to eradicate... More


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