Algeria

Algeria Can Successfully Achieve Renewable Energy Development Program
07/12/2016 05:33 GMT

The Secretary General of the International Association of the Very Large Power Grid Operators (GO15) Alain Steven said that Algeria is in a position to be successful make a success of its renewable... More


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Bahrain

New Housing Units to be Delivered in Bahrain by 2018
07/12/2016 07:41 GMT

Bahrain government is set to deliver 25,000 residential units by 2018 in line with His Majesty King Hamad’s directive to build 40,000 housing units across the Kingdom over the coming years, said a... More


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Egypt

Customs Duties Hike in Egypt
05/12/2016 09:15 GMT

Egypt has sharply raised customs duties on more than 300 goods to encourage domestic production and curb a ballooning trade deficit, prompting fears consumers already struggling with double-digit... More


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Iran

Iran, China Start Abadan Refinery Optimization Project
07/12/2016 08:13 GMT

Managing Director of the National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi said that the US$3-billion Abadan Oil Refinery Optimization project has begun in collaboration... More


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Iraq

US Firm Pulls Out of 3 Kurdish Blocks
07/12/2016 06:35 GMT

Exxon Mobil has pulled out of half of the six exploration blocks it operated in the Kurdistan region, the Iraq Oil Report reported. The oil company has walked away from its operations in the Qara... More


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Kuwait

SSH Launches Culture Center in Kuwait
07/12/2016 06:23 GMT

SSH, one of the leading master planning, infrastructure and building design firms in the Middle East, has announced the launch of the US$775 million, Sheikh Jaber Al Ahmad Cultural Center (SJAAC) in... More


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Libya

Libya Says Will Not Participate in Any OPEC Output Cut Deal
28/11/2016 04:40 GMT

Libya's National Oil Corporation (NOC) said on 26 November it would not take part in any OPEC production cuts for the "foreseeable future" as the North African country tries to bring crude output... More


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Oman

Sale International, OmanTel Partnership Achieves New Milestone
07/12/2016 08:01 GMT

Sale International, the sole distribution partner for OmanTel in the Sultanate, celebrated its fifth successful year of operations with a new record of achievement by reaching over 6,000 points of... More


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Qatar

Qatari Bank Aims to Become Leading Bank in Africa, Asia by 2020
07/12/2016 07:58 GMT

QNB Group discussed its new vision for 2020 “to become a leading bank” in Middle East and Africa and in Asia by 2020. The leading financial institution in the Middle East and Africa region recently... More


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Saudi Arabia

Cognizant Opens New Office in KSA
07/12/2016 08:01 GMT

US-based Cognizant, a leading global provider of information technology, consulting and business process services, has expanded its operations in the Middle East region with the opening of a new... More


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UAE

Jetex Opens Largest FBO Lounge in Dubai
07/12/2016 08:01 GMT

Jetex Flight Support has announced the opening of its newly built FBO Terminal at Al Maktoum International Airport in the recently rebranded Dubai South Aviation District (previously known as Dubai... More


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Yemen

Petsec Acquires Remaining Interest in Yemeni Block from Kuwaiti Firm
16/11/2016 09:44 GMT

Petsec Energy has executed an agreement with Kuwait Foreign Petroleum Exploration Company (KUFPEC) to acquire their 25% working interest in Yemen Block 7 , Al Barqa Permit. The KUFPEC transaction... More


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General News

KSA Leads Positive Regional Markets
07/12/2016 08:01 GMT

All of the regional markets ended their trading activity over the course of last week in the positive territory with Saudi Arabia leading with a rise of 4.37%, while breaking its 7,000-resistance... More


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