Algerian Sonatrach Makes Hydrocarbon Finds
01/09/2014 09:54 GMT

Sonatrach made new discoveries during the first six months of 2014, seven of which are related to oil and six to gas, in the basins of Berkine, Illizi, and Oued Mya, around the fields of Hassi... More

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New CEO of Bahraini BFH Appointed
01/09/2014 07:54 GMT

The Bahrain Financial Holding (BFH) Company and the Financial Centre Development Company have appointed Ahmed Ebrahim Al Moataz as the new chief executive and board member of BFH. The two companies... More

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Kellogg Seeks to Buy Majority Stake at Bisco Misr
01/09/2014 07:39 GMT

Kellogg Co., the maker of breakfast cereals, Pop Tarts and other packaged food, is seeking to buy a majority stake in Egypt’s Bisco Misr, a confectionery-maker in the most populous Arab... More

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Eurostat Reports Rise in June EU Exports to Iran
01/09/2014 09:36 GMT

Official EU data shows that exports of 20 member states of the European Union to Iran rose in June 2014. The latest figures released by Eurostat indicted that Germany, Italy and the Netherlands were... More

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Iraq Eyes Increasing Trade Ties with Iran
01/09/2014 07:30 GMT

The Iraqi Commercial Attaché to Iran Shaker Razzaq Abdo voiced his country's willingness to expand trade cooperation with Iran. "Iran is one of the powerful and renowned countries in different... More

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Viva Kuwait Wins Approval for Listing
01/09/2014 07:32 GMT

Viva Kuwait, the country's number-two mobile operator by subscribers, has received regulatory approval to list on the local stock exchange nearly six years after it completed an initial public... More

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Libyan Oilfield’s Output Improves
31/08/2014 07:52 GMT

Libya's Waha Oil Co. has resumed a small volume of Es Sider crude oil production, a senior Libyan oil official said on Thursday in the latest sign that output is improving despite unrest in the... More

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Sohar Cargo Operations to Boost Oman Growth
01/09/2014 04:31 GMT

The transfer of most commercial cargo activities from Muscat port to Sohar, is critical to boosting tourism and future industrial development in Oman, according to leading international real estate... More

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Qatar Airways to Receive 1st Airbus A350
01/09/2014 05:27 GMT

Qatar Airways, the launch customer of the Airbus A350 Xtra Wide Body aircraft, is set to receive its first delivery before the end of this year. The airline has ordered 80 of the widebody A350 XWB... More

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Saudi Arabia

IFC Completes Equity Investment in Saudi ACWA Power
01/09/2014 07:41 GMT

International Finance Corp (IFC), a unit of the World Bank, has completed a SR375 million (US$100 million) equity investment in Saudi Arabia-based water and power project developer ACWA Power. The... More

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Health Regulations Conference to be Held in Dubai
01/09/2014 09:19 GMT

A range of medical tourism packages for residents and visitors will be launched during an upcoming health regulations summit in Dubai, said a top Dubai Health Authority official. The first edition of... More

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Energy MoU Signed between Yemen & Tunisia
24/08/2014 06:06 GMT

Yemen and Tunisia have signed in the Tunisian capital Tunis a memorandum of understanding for cooperation between the two countries in the field of energy. The MoU was signed by Deputy Prime Minister... More

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General News

Saudi Stock Market Richly Valued by ME Funds
01/09/2014 07:17 GMT

Middle East funds are bullish on Saudi Arabia’s stock market despite concern it is getting richly valued, while they think the UAE has bottomed out after a volatile few months, a Reuters survey... More

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