Algeria

Merkel's Algeria Visit Aimed at Strengthening Economic Ties
20/02/2017 08:49 GMT

German Chancellor Angela Merkel’s official visit on Monday to Algiers constitutes an opportunity to assess the Algerian-German economic relations and to reinforce the partnership avenues for a strong... More


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Bahrain

Bahrain's KHCB Inks ESCROW Agency Agreement
19/02/2017 09:56 GMT

Khaleeji Commercial Bank (KHCB), one of Bahrain's leading Islamic banks, announced the signing of an ESCROW Agency Agreement for the Fontana Infinity Towers project, a major project for the Fontana... More


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Egypt

Egypt’s Echem Setting Up Petchem Projects
20/02/2017 05:04 GMT

The Egyptian Petrochemicals Holding Company (Echem) is considering setting up four projects to produce derivatives of propylene, ammonium, formaldehyde, and medium density fiberboard (MDF) at a cost... More


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Iran

Afghan Ambassador to Iran Elaborates on Ties with Iran
20/02/2017 10:26 GMT

Afghan Ambassador to Tehran Nasir Ahmad Nour said on Sunday (19 February 2017) that Iran and Afghanistan share many commonalities that can help broaden economic cooperation and sound interaction... More


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Iraq

Iraqi Oil Exports Climb
20/02/2017 05:02 GMT

Amid speculation as to whether it would go along with members of Organization of the Petroleum Exporting Countries (OPEC) to decrease oil production, Iraq’s crude shipments for the first half of... More


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Kuwait

Warba Seals Kuwait Financing Portfolios Deal
19/02/2017 09:51 GMT

Kuwait-based Warba Bank said it has entered into a renewable agreement with Al-Mulla International Financing Company by which the bank will increase the allocated amount of the acquisition of... More


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Libya

OMV Starts Output in Libya
12/02/2017 08:31 GMT

OMV is expanding its holdings in Libya, increasing its stakes in four EPSAs in the Sirte Basin. The company also started up production at both the Sirte and Sharara oil fields. The new developments... More


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Oman

Pakistani Envoy Holds Visits Oman’s OCCI, OFIC
20/02/2017 09:39 GMT

Ali Javed, the Ambassador of Pakistan has recently visited headquarters of Oman Food Investment Company (OFIC) and Oman Chamber of Commerce & Industry (OCCI) and held discussions on widening the... More


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Qatar

Total Will be Fined If Info Leaks to Qatar: Iranian Minister
20/02/2017 10:22 GMT

According to Iran's Minister of Petroleum Bijan Zanganeh, if France's Total leaks any of the information related to SP Phase(s) 11 to Qatar, which is unlikely, they will have to pay a large fine. "We... More


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Saudi Arabia

Saudi Maaden, SANAM Pen Cooperation Deal
20/02/2017 08:35 GMT

The Saudi Arabia National Automotive Manufacturing Company (SANAM) recently signed an agreement with the Saudi Arabian Mining Company (Maaden) to increase the aluminum content in vehicles produced in... More


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UAE

ECA Middle East Opens in Abu Dhabi
20/02/2017 09:26 GMT

ECA Group, a French conglomerate, has set up a new subsidiary in Abu Dhabi, UAE, named 'ECA Middle East' to cater to the regional customers, said a report. The new company will help boost sales of... More


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Yemen

Qatar-Funded Power Project in Yemen Set to Go on Stream
02/02/2017 10:03 GMT

The upcoming ‘fast power solution’ project implemented by General Electric (GE) in Aden, which is funded by Qatar Fund for Development (QFFD) for the Power Electricity Corporation (PEC) of Yemen’s Al... More


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General News

ECA Middle East Opens in Abu Dhabi
20/02/2017 09:26 GMT

ECA Group, a French conglomerate, has set up a new subsidiary in Abu Dhabi, UAE, named 'ECA Middle East' to cater to the regional customers, said a report. The new company will help boost sales of... More


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