Algeria

Subsidy Reforms Shelved before Algeria’s Presidential Elections
18/11/2018 10:34 GMT

Algeria is backtracking on some economic reforms such as cutting costly subsidies as the country wants to minimize the risk of protests before presidential elections next year, according to the... More


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Bahrain

Bahrain Airshow Big Success, Nets Record Deals
19/11/2018 05:15 GMT

Bahrain International Airshow ended on a successful note with record breaking participation - 187 countries attended the fifth edition - and also signing of deals worth US$5 billion during the... More


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Egypt

Egypt, Ethiopia to Discuss Nile Dam Dispute: Prime Minister
19/11/2018 08:26 GMT

Egypt said on Sunday it would hold talks with Ethiopia in the next two weeks to iron out differences over an Ethiopian dam on the River Nile that Cairo sees as a threat to its water supplies. The two... More


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Iran

Output to Rise in Iranian Petchem Plant
19/11/2018 09:34 GMT

Managing Director of Shimibaft Petrochemical Complex Mohsen Shams spoke of the company's target to increase production up to the nominal capacity in the current year (March 2018-19) and said in this... More


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Iraq

Iraq Continues Oil, Derivatives Exports to Iran Via Road Tankers
19/11/2018 08:13 GMT

According to an Iraqi media, following the US decision on sanctions against Iran, which includes the exports and imports of oil and its derivatives, Iraq has been granted a 45-day exemption exporting... More


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Kuwait

Kuwait Oil Co. in Deal to Import Drilling Towers
19/11/2018 05:15 GMT

Kuwait Oil Company (KOC) recently signed contracts to buy over 86 drilling rigs, which is the largest order in KOC’s history with a total value of US$1.3 billion, company CEO Jamal Jaafar said. He... More


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Libya

Tunisia Wants Libyan Oil in Exchange for Food
19/11/2018 05:15 GMT

Tunisian Foreign Minister Khemaies Jhinaoui disclosed that an agreement was reached between Libya and Tunisia to return to the "clearing mechanism" for the purpose of importing Libyan oil in exchange... More


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Oman

Intl. Goups Bid for Solar Project in Oman
19/11/2018 11:00 GMT

Three consortiums led by prominent international energy developers have submitted firm bids for the Omani government’s mandate to build the Sultanate’s first large utility scale solar... More


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Qatar

Qatar Chamber, S. African Delegation Review Investment Opportunities
19/11/2018 11:12 GMT

Qatar Chamber has discussed prospects for investment in the construction, pharmaceutical, medical, food, and other sectors in a meeting held yesterday with a delegation from South Africa. Qatar... More


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Saudi Arabia

Saudi SABIC, NCB Sign Deal to Finance Small Businesses
19/11/2018 11:04 GMT

The National Commercial Bank (NCB) has signed a memorandum of understanding with the Saudi Basic Industries Corporation (SABIC) to help boost the financing of small and medium enterprises... More


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UAE

UAE & S. Korea Hold N-Energy Talks
19/11/2018 11:18 GMT

Top officials from the UAE and Republic of Korea recently held a meeting of the Supreme Joint Committee on cooperation in the peaceful uses of nuclear energy that took place in the South Korean... More


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Yemen

5 Ships Prevented from Entering Hodeidah Port by Yemen Houthis
18/11/2018 08:10 GMT

The Arab Coalition supporting legitimacy in Yemen stated that the Houthis prevented five ships from entering the Hodeidah Port and unloading their cargo, as well as another ship from entering the... More


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General News

GCC Outbound Tourism Spending Surges
19/11/2018 05:15 GMT

The per-capita international tourism spending from the GCC visitors was 6.5 times higher than the global average last year, with expenditure estimated to be more than US$60 billion last year, up from... More


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